Well, they must be doing something wrong. One only has to look at their accounts. Interesting how these eight banks are defending the company. That even makes one suspect more that there is indeed something going on.
Evergrande Real Estate Group Ltd., the target of a scathing short-seller report last week, is fighting back, thanks to some help from an illustrious group of Wall Street firms, it says.
In the statement titled “Eight Famous Investment Banks Support Evergrande to Dispel Rumors Spread by A Short Seller,” Evergrande said the efforts by these firms have helped stabilize its stock and restore market confidence.
- Evergrande Fights Scathing Report With Wall Street Titans (blogs.wsj.com)
- Craig Stephen’s This Week in China: Is Evergrande China’s first fault-line? (marketwatch.com)
- Evergrande Allegations (chovanec.wordpress.com)
- Citron accuses Chinese developer Evergrande of “fraudulent information” (chinadailymail.com)