[26 Aug 13] Price of China Minzhong drop by almost 50%

Price of China Minzhong drop by almost 50%! As I understand, A short seller has came up with a negative report suggesting that the company has engaged in fraudulent activities (see details below). My take for this issue: The auditors need to be really screwed up if the allegations are true. Not impossible though.Nevertheless, pls note that I do not encourage investing based on news.

link for report by short seller: http://www.shareinvestor.com/news/news.html?source=regional_si_express&nid=67475