PARIS (Reuters) – Shares in French-listed technology company Solutions30 slid on Tuesday, after hedge fund Muddy Waters issued a short-seller report citing corporate governance issues at the company – concerns the company has denied.
Solutions30 shares were down by around 34% in early trading.
Solutions30 issued a statement on Dec 14 in which the company said it had been the target of a destabilisation campaign using “malicious and disloyal methods.”
It added it had appointed the law firm August Debouzy to file a complaint with the Parquet National Financier – France’s financial crimes investigator’s office – over the dissemination of false and misleading information.
Reporting by Sudip Kar-Gupta, editing by Louise Heavens