Kiu Hung International Holdings (HKG:0381) denied allegations of stock price manipulation leveled against it in a report by Zhitong Finance.
The company's stock price surged nearly 30 times over a 16-day period, prompting the financial news outlet to suggest that two brokers were involved in manipulating the shares.
Kiu Hung called the allegations in the report "inaccurate and misleading."
The company's share price closed nearly 11% higher on Thursday.
Price (HKD): $2.26, Change: $+0.22, Percent Change: +10.78%
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