China Minzhong Food – Glaucus Research

CHINA MINZHONG FOOD CORPORATION LIMITED (“Minzhong” or the “Company”) is a Peoples Republic of China (“PRC”) based producer of fresh and processed vegetables. In our opinion, Minzhong closely resembles Chaoda Modern Agriculture (SEHK: 0682) (“Chaoda”), another Fujian-based vegetable producer that has been halted since September 2011 under widespread allegations of fraud. We believe that Minzhong, like Chaoda, has so significantly deceived regulators and investors about the scale of its business and its financial performance that we expect trading in its shares to be halted and its shares to be worthless.

Company Name
Ticker
Investment Thesis
Exchange
Initiation Date
Initiation Market Cap (in USDmm)
Initiation Avg Volume (Shares per day)
Price at Initiation
Price Target
Current Price
% Change
China Minzhong Food – Glaucus Research
K2N.SI
fraud
sgx
8/26/2013
$532
3,500,000
SGD 1.01
SGD 0.00