Reuters alone with short-seller rumors hitting Chinese meat packer`s shares

Reuters was alone on June 27 to report rumors in the Hong Kong market that China Yurun Food Group, a top meat processing company, was about to be hit by a report by short-seller Muddy Waters, as its shares fell 20 percent. Reuters was also alone on the day with comments from Yurun chairman Zhu Yicai defending the company and saying that business operations were normal. These reports kept clients ahead on one of the hottest stories of the year – the China accounting scandals saga.