Everspring files suit in Medigen debacle
Taiwan News, Staff Writer
2014-08-19 11:19 AM

Medigen Biotechnology (3176) fell to its daily limit for the 17 consecutive day Tuesday. Majority shareholder Everspring Industry (2390) filed suit alleging vulture capitalist group manipulation of the stock.

Lawyers for security monitoring equipment manufacturer Everspring Industry filed a suit with the Taipei District Prosecutors Office Monday urging prosecutors to investigate manipulation of Medigen stock by vulture capitalist groups. Everspring Industry also emphasized that the company has not sold one share of Medigen stock.

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