date:Aug 27, 2013
lin Templeton Investments Corp, which holds just under 11 percent of the food producer, according to Thomson Reuters data.
Big Blow
Analysts said China Minzhong will struggle to recover from its share price plunge regardless of the veracity of the short-seller's allegations.
Given the huge damage done already, we believe it will be an up-hill task (especially without GIC's backing now) for the company to re-build confidence, Lim Tan Securities wrote in a note.
Shares in China Minzhong fell