Muddy Waters CIO's bearish comments rattle Man Wah shares

Hong Kong-listed sofa maker skids 15% before seeking trading halt

JOYCE HO, Nikkei staff writer

HONG KONG -- Carson Block, chief investment officer of U.S. activist investor Muddy Waters Capital, told a conference in Hong Kong on Wednesday afternoon that he is betting against Man Wah Holdings, a sofa and mattress maker headquartered and listed in Hong Kong.

The high-profile stock call drew criticism from some in the local investment community, who questioned whether the comments were fair and appropriate.

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