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Credit China resumes trading

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Credit China resumes trading

Credit China FinTech Holdings Ltd resumed trading at 9 a.m. Hong Kong time on Dec. 21 after halting trading Dec. 13.

The company also denied allegations made by Anonymous Analytics in a report, noting that the report contain "malicious speculations" and "obvious factual errors."

The Dec. 13 report alleged that there were improprieties in Credit China's acquisitions of various entities and property, including an accusation that the company's acquisition of Shanghai Jifu Xinxi Jishu Fuwu Co. Ltd. was an undisclosed related-party transaction involving Zhang Zhenxin, a nonexecutive director and a substantial shareholder of the company.

Credit China refuted this accusation, citing information from State Administration For Industry & Commerce filings to argue that none of Shanghai Jifu's shareholders as of deal announcement was a related party to the company.