In June 2012, Cheah Cheng-Hye and his coworkers at Value Partners, a Hong-Kong-based investment firm, received a copy of a short-seller report alleging that Evergrande, one of China's biggest property developers, was using deceptive bookkeeping and paying bribes to secure company.
Evergrande’s stock declined, and Value Partners, who had a substantial holding of Evergrande stock, had to determine the best way to respond to the claims. The case offers a chance to review Value Partners' research approach to investing in Chinese firms and to assess the values of the Evergrande claims.
Value Partners and the Evergrande Situation Case Study Solution
PUBLICATION DATE: April 09, 2013 PRODUCT #: 113113-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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