Fraud reports send wary Sinotrans investors racing for the exits
HONG KONG — Jittery shareholders of China logistics operator Sinotrans frantically off-loaded shares following mainland media reports that its subsidiaries were involved in making multiple pledges of the same inventory as loan collateral.
Sinotrans shares plunged almost 30 percent on the Hong Kong Exchange before trading of the state-owned company was…
http://www.joc.com/international-logistics/fraud-reports-send-wary-sinotrans-investors-racing-exits_20141105.html
Journal of Commerce