China’s GDHG shares fell nearly 90% in one day due to fraud accusations

Analysts at Hindenburg Research accused China’s Golden Heaven Group of fraud, as they allegedly overestimate the number of guests at their parks and entertainment projects in China.

Analysts also accuse the company’s CEO Jin Qiong of fraud in transactions involving pharma stocks, now their assets in China are frozen.

GDHG is engaged in the construction, development, management and operation of urban amusement parks in southern China.