date:Sep 03, 2013
ement, saying it had completed its review of the report released by Glaucus and strongly rejected what it viewed as reckless opinions and inferences drawn by the short-seller.
We reiterate that most of the issues raised by Glaucus with regard to the financials of the company arose out of a complete lack of understanding of the way we conduct our business as well as the operating environment in the People's Republic of China, it said.
Minzhong said it had not fabricated its sales or accounts as