Should Sino Grandness investors worry about the latest allegations?

SINGAPORE (Nov 1): NRA Capital says it is maintaining a positive view of Sino Grandness even as it notes that external allegations and the company’s high borrowings have depressed its share price, although there is no denying that there will always be risk.

To recap, US hedge fund GeoInvesting LLC last week issued a critical report on the Singapore-listed food processor, citing concerns regarding the latter’s reporting of revenues as well as a delay in its initial public offering (IPO) of its Garden Fresh listing in Hong Kong.

(See also: GeoInvesting hedge fund issues report critical of Sino Grandness)

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