Shougang Fushan Resources – Glaucus Research

We believe that Shougang Fushan Resources Group Limited (HK: 0639) (“Fushan”),a 2008 effective reverse merger trading on the Hong Kong stock exchange,has misrepresented its business and financial position to investors and that,as was the case with Chaoda ModernAgriculture (HK: 0682),regulators will halt trading of Fushan’s stock on account of such impropriety.

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
Shougang Fushan Resources – Glaucus Research
639.hk
fraud
hkex
4/11/2012
$1,820
38,000,000
HKD 2.66
HKD .91