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-ForestCorporation (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 that the Tianhe Chemicals’ largest customer, Shanghai Xidatong International, which Tianhe Chemicals Group Ltd (HKG:1619) claimed purchased $100 million...

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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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