Tech Pro Technology – Glaucus Research

Tech Pro Technology Development Limited (HK: 3823) (“Tech Pro” or the “Company”) is a rollup of unrelated businesses: it manufactures and sells LED lighting products, it is a sub-leasing agent for a commercial real estate property in Shanghai, and it recently purchased a French soccer team.

In this report we present publicly available SAIC filings, which, in our opinion, indicate that TechPro has massively overstated its reported profits and inflated the reported purchase price of its acquisitions. We believe that Tech Pro is an obvious fraud, that its equity is worth HKD 0.00 and trading of its stock should be halted to protect future investors from further losses and hopefully provide a modicum of recovery for shareholders and creditors.

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
Tech Pro Technology – Glaucus Research
3823.HK
fraud
hkex
7/28/2016
$1,913
11,000,000
HKD 2.27
HKD 0