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KUAISHOU-W: To Launch Legal Procedures Against Malicious Fabrication of Research Reports

AAStocks · Jul 26, 2021 21:57

KUAISHOU-W -0.66%

KUAISHOU-W (01024.HK) announced that in response to certain Chinese media report that Morgan Stanley axed the company's target price from $300 to $50 while downgrading it from Overweight to Sell, the reported content of the research report has proven to be completely untrue after verifying with Morgan Stanley.

KUAISHOU-W expressed that the malicious fabrication of the report is improper behavior attempting to spread false information and disturb the order of the financial market, and will be dealt with accordingly as the company prepares to initiate corresponding legal procedures.
~

AAStocks Financial News
Web Site: www.aastocks.com

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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