Bloomberg: Winsway Says Allegations on Coal Purchases in Report are Unsubstantiated

Winsway Coking Coal Holdings Ltd., which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported and inventories were overstated. “This report is dead wrong,” Chief Financial Officer Jerry Xie said today on a call with investors. “Winsway is absolutely not a fraud,” as was alleged in a report from Jonestown Research, an anonymous group, he said yesterday after shares slid 8.6 percent. To read the full article, click hereWinsway Says Allegations on Coal Purchases in Report are Unsubstantiated

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