Yurun Food Group slumps on talk of short-seller attack
Meat processor China Yurun Food Group, which last year reportedly attracted investment from Temasek Holdings and Hopu Investment Management, saw its shares plunge nearly 20% on Monday amid rumors that the company was about to come under attack from short-sellers.
Turnover in Yurun's shares reached 11x the average 30-day volume on Monday, with short-selling accounting for 17% of turnover, Reuters reported. Yurun told the Hong Kong Stock Exchange that it was unaware...
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