Report on muddy waters ....20 Dec 2019 06:55
NMC Health (NMC)
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has concluded that Muddy Waters highly critical report was “false and misleading”. NMC Health issued its findings from an internal review yesterday, three days after Muddy Waters made a series of allegations. Muddy Waters had taken a short position before publishing the 34-page report on Tuesday, which said that it had “serious doubts about NMC’s financial statements, including its asset values, cash balance and reported profits and debts”. It said that it had addressed the “main areas of focus from conversations with shareholders” and referred to “factual inaccuracies” - The Times