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Stocks

Muddy Waters CIO's bearish comments rattle Man Wah shares

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

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.

Muddy Waters Capital Chief Investment Officer Carson Block speaks at the Sohn Hong Kong Investment Conference on June 7. (Photo by Joyce Ho)

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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