December 6, 2018 / 5:46 PM / a year ago

BUZZ-Yangtze River Port: Plunges to five-month low on short-seller's comments

** Shares of Chinese logistics company plunge as much as 36.6 pct to $7.37 - lowest in the last 5 months

** YRIV having busiest day since debut, more than 7 mln shares were traded after short-seller Hidenburg Research says "think YRIV is a total zero here "

** Hidenburg Research says “believe that at least 77 pct of the co’s reported assets are fabricated”

** Hidenburg calls co “a scheme run by its chairman and controlling shareholder to siphon money away from U.S. public markets”

** Up to Tuesday’s close, stock had fallen 31.7 pct this year

** Trading in YRIV shares halted twice in a volatile session

** Hinderburg Research’s last critical report, co-authored with Quintessential Capital Management, has driven cannabis producer Aphria’s U.S.-listed shares down about 43 pct in the past two trading sessions (Reporting by Nishara Karuvalli Pathikkal)

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