Tianhe, the Chinese chemicals group, has suspended its shares just three months after listing in Hong Kong following claims of fraud by a group claiming links to Anonymous, the shadowy hacker collective.
The short seller-style attack is one of the most ambitious in terms of size to have hit a mainland Chinese company in at least a year.
Tianhe – which has been at the centre of the furore over investment banks’ China hiring practices – listed in June and had a market capitalisation of about $8bn when the 66-page report by Anonymous Analytics was published on Tuesday.
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