Hindenburg short Golden Heaven, calls another classic ‘China Hustle’
The Fly

Hindenburg short Golden Heaven, calls another classic ‘China Hustle’

Hindenburg Research tweeted: NEW FROM US: We Are Short Golden Heaven Group, Another Classic “China Hustle” … $GDHG is a NASDAQ-listed company that operates 6 properties in southern China, consisting of amusement parks, water parks and recreational facilities… $GDHG IPO’d on NASDAQ in April 2023 at $4/share. Its stock has mysteriously rocketed ~493% in 7 months despite little news to justify such a move… $GDHG claimed that in 2022, the company hosted 2.41 million guests across its 6 parks, driving $41.8 million in fiscal 2022 revenue, hardly levels that would justify its ~$1.2 billion market cap as of yesterday’s close.”

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