Chinese Amusement Park Level Listed on Nasdaq U.S

(1)Yesterday, at Hindenburg Research, an American activist investment firm
(2)China’s 2nd-largest amusement park, Golden Heaven Park, reports short sale
(3)Golden operates a total of six amusement parks, water parks, and campsites in China, and according to them, it promotes a record surplus every year

(1)Golden Soars Over 700 After Listing on U.S. Stock Exchange
(2)Considering the size of the surplus and business expansion in China, it was a company that could not be ignored by investors

(1)Golden has released only good results with quarterly earnings reports
(2)For example, a growth of more than 10 per year
(3)New amusement park construction contract announces ban on insider stock sales
(4)Sales down 33 but net profit up 2

(1)But Hindenburg released a short-selling report that Golden is a fraudulent company
(2)Hindenburg visits the park only on weekends when it’s the most crowded, and how many people visit
(3)I checked the state of park management and the result was very surprising
(4)In conclusion, even though it’s the weekend, the parking lot is empty
(5)The amusement park was so messy that I didn’t think it was a running facility
(6)And, of course, accounting books, etc. find a number of evidence suggesting that they were fabricated
(7)In addition, the Chinese government has also launched a corruption investigation related to them
(8)CEO and other key executives’ bank accounts have been frozen
(9)Golden counters Hindenburg’s claim
(10)The number of visitors to the park has only decreased due to seasonal factors in China, and the Chinese government’s business survey is customary
(11)that there is no problem with the operation of the company
(12)Below are photos of Hindenburg