GeoInvesting stated in a newly published report that the firm believes they have "caught Fanhua Inc. in an outright lie," explaining that the company stated on its recent conference call that they have no related party relationship with Liu Tingting and Yang Lin, but the firm said it has "concrete evidence that they do." GeoInvesting stated: "Others have pointed out that FANH transacts with related parties, something FANH management has denied. We now offer concrete proof through ID documents that they do. This leaves no ambiguity of the individuals in question, which helps avoid any possible confusion based on matching names...We contend that FANH stock is completely uninvestable and that the company needs to be placed under deep scrutiny by auditors, analysts, investors and U.S. regulators." In early afternoon trading, shares of Fanhua trading in New York are down $1.23, or 4.6%, to $25.32. Reference Link
