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  • Reuters11 months ago

    China Hongqiao seeks Hong Kong court order to stop negative research reports

    China Hongqiao Group (1378.HK), the world's largest aluminium producer, is seeking a court order to restrict previously published research reports by a group of analysts that alleged accounting irregularities at the company. China Hongqiao in March halted trading of its shares, which only resumed on Oct. 30, after a report released in February by a group called Emerson Analytics asserted that Hongqiao was understating its costs and exaggerating its profits. On Nov. 3, Hongqiao applied to the High Court of Hong Kong for an injunction to "restrain the publication" of the February report, an Oct. 30 report Emerson published as trading resumed and "further defamatory reports," according to a statement to the Stock Exchange of Hong Kong on Sunday.

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