AACAF

AAC Technologies Holdings Inc

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Price
10.10
Change
-1.01 -9.09%
Ask
N/A
Bid
N/A
Previous Close
11.11
Open
10.00
Volume
1,147
Average Vol (30d)
646
Daily Range
10.00 - 10.10
52Wk Range
7.52 - 14.75
Dividend
0.16
Net Dividend Yield
1.80

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Latest News for: AAC Technologies Holdings Inc

AAC Technologies: Apple Supplier Slammed Again by Short-Seller

Published: Friday May 19, 2017

Short-sellers are hounding Apple (AAPL) supplier AAC Technologies (2018.HK) again. During Thursday afternoon trading hours in Hong Kong, activist short-seller Gotham City published more details about allegations it had made a week prior regarding undisclosed third-party transactions. Gotham claims that AAC, which makes smartphone speakers, used at least 20 suppliers controlled by family members of chief executive Pan Zheng Min. This was done to offload about CNY1.5 million in order to boost margins and also to avoid Apple’s stringent labor requirements.

Apple supplier AAC Tech's shares suspended after short-seller's second report

Published: Thursday May 18, 2017

Hong Kong shares in AAC Technologies dropped as much as 11 percent before being suspended on Thursday, after short-seller Gotham City Research published its second report in about a week accusing the Apple Inc supplier of "dubious accounting". Gotham City Research, which has a short position in the stock, on Thursday gave examples of what it said were more than 20 related party suppliers owned or managed by AAC CEO's family members or employees that the company did not disclose in order to overstate its profits. Asked for comment on the Gotham City report, an AAC representative said the company was preparing a statement.

Apple Supplier AAC Falls as Short Seller Gotham Questions Profit

Published: Thursday May 11, 2017

Shares of AAC Technologies Holdings Inc. sank in Hong Kong after short seller Gotham City Research questioned the Apple Inc. supplier’s profit margins.

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