YANGTZE River Port and Logistics, an international infrastructure company that focuses on real estate development via a port logistics project located in the middle reaches of China's Yangtze River in Wuhan, has strongly rejected every allegation made against the company in Hindenburg Research's report dated December 6.
'The report contains numerous errors of facts and misleading speculations that are libellous and we categorically deny such speculations. This report is largely a rehash of prior allegations made against us around August 2018, which have since been proven to be false and misleading,' company chief executive officer Xiangyao Liu, reported the American Journal of Transpoertation.
'We have not granted access to Hindenburg Research nor has Hindenberg Research ever contacted us to seek any clarification or explanation to the allegations made. These speculations have caused significant damage to our company and we are resolved to take such actions necessary to defend ourselves and protect the interests of our shareholders,' he said.
'Additionally, we have instructed counsel and are working with the Nasdaq to explore our recourse against Hindenburg Research for making such irresponsible, baseless and libellous statements, including but not limited to instituting legal proceedings against them.
'We are committed to a high level of corporate governance and stand by the integrity of our financial statements and business operations,' the CEO said.
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'The report contains numerous errors of facts and misleading speculations that are libellous and we categorically deny such speculations. This report is largely a rehash of prior allegations made against us around August 2018, which have since been proven to be false and misleading,' company chief executive officer Xiangyao Liu, reported the American Journal of Transpoertation.
'We have not granted access to Hindenburg Research nor has Hindenberg Research ever contacted us to seek any clarification or explanation to the allegations made. These speculations have caused significant damage to our company and we are resolved to take such actions necessary to defend ourselves and protect the interests of our shareholders,' he said.
'Additionally, we have instructed counsel and are working with the Nasdaq to explore our recourse against Hindenburg Research for making such irresponsible, baseless and libellous statements, including but not limited to instituting legal proceedings against them.
'We are committed to a high level of corporate governance and stand by the integrity of our financial statements and business operations,' the CEO said.
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