Scrap metal giant CMR denies fraud allegation by US firm Glaucus

The company that claims to be the largest scrap metal recycling operator in China has denied allegations of fraud made by the American short-seller Glaucus Research Group.

China Metal Recycling (Holdings) (CMR) is the largest mainland scrap metal recycling company in China, based on its 2008 revenue, according to a survey by the China Association of Scrap Metal Utilisation.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1138207/scrap-metal-giant-cmr-denies-fraud-allegation-us