Specialty chemicals maker Tianhe Chemicals (1619.HKG) has seen its shares suspended from trading on Tuesday following an anonymous report questioning the accuracy of its earnings, The Wall Street Journal reported, citing a spokesperson from the company. Tianhe, which raised US$748 million (RMB4.6 billion) in a Hong Kong float in June, saw its shares fall 4.9% in the morning, underperforming the broader market, before the company requested a suspension of the stock. Tianhe, which has a market capitalization of US$7.6 billion, said the report is inaccurate and that it will issue an official statement.
Categories