21Vianet’s Call to Investors Backfires as Selloff Deepens
By: Belinda Cao, Boris Korby, and Zhan Dingmin
Source: Bloomberg
With its stock reeling and a short seller claiming corporate fraud, 21Vianet Group Inc. (VNET) convened investors to a conference call early yesterday in a bid to regain their confidence.
The call only made matters worse.