01.02.2001
Mosel may revise down 2000 profit forecast

Mosel (2342 ‘Mao Xi’) is under pressure to make a second downward revision after investment losses from subsidiaries. Reportedly, during 4Q00 Mosel used subsidiaries to buy its stocks to thwart share price falls. Despite this, the stock slid 54% and the company faces losses from reserves needed to account for the devaluation.
Linda Liu