AP Confirms Charges Against Tianhe Chemicals, Adds More

Mark Melin

Published onNovember 13, 2014

Updated on May 13, 2021

When Anonymous Analytics revealed stunning allegations about Tianhe Chemicals Group Ltd (HKG:1619), first reported by ValueWalk on September 1, the stock began to crater, moving from $2.43 to $1.37 within a day. As the headline calling the Chinese firm the biggest fraud since Sino-Forest Corporation (TSE:TRE) (OTCMKTS:SNOFF) crossed the tape was announced, the details claimed revenue issues and conflicts of interest.

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Today an excellent in-depth new report from the Associated Press only adds fuel to that fire, confirming the analysis of Anonymous Analytics and adding new charges.

Tianhe Chemicals’ largest customer

The AP reports...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

AP Confirms Charges Against Tianhe Chemicals, Adds More

Tianhe Chemicals’ largest customer

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