Anonymous slings mud at China’s Tianhe, aims at Morgan Stanley
By Stephen Aldred
HONG KONG (Reuters) - When stock researcher Anonymous Analytics accused China's Tianhe Chemicals 1619.HK last week of doctoring the books ahead of a Hong Kong IPO, it was pitting itself against one of Asia's top private equity firms, Morgan Stanley Private Equity Asia.
The Morgan Stanley private equity unit put up $300 million (185.33 million pounds) for a minority stake in Tianhe in 2012 after spending over $2 million on third-party diligence work over a three-year period, according Read more [...]