Shougang Fushan Sees Coal Acquisitions as Good Corporate Governance

Bloomberg reported that Shougang Fushan (OTC Pink:FSHYF) said its coal mine acquisitions represent strong corporate governance.

As quoted in the market news:

His comments followed a report this morning from U.S. short seller Glaucus Research Group California LLC that said Shougang Fushan overpaid a related company for the mines and inflated profit margins.

Click here to read the full Bloomberg report.