The American short seller claimed that the group indulged in stock price manipulation through shell companies, corporate misgovernance, and that most of the group companies remain highly leveraged with negative cash flows.
Urban Company shares surge 7% to 11-month high, rally 16% in 2 sessions. Here are 2 reasons why
Urban Company shares rallied on Monday, after a bullish brokerage call and a legal development involving Kent RO. Kent RO has agreed to remove advertisements