UPDATE 1-NMC Health to assess cash position after short-seller attack


(Adds particulars of evaluate, shares)

Jan 6 (Reuters) – NMC Health mentioned on Monday an unbiased evaluate, launched after U.S. short-selling agency Muddy Waters criticised the personal healthcare supplier’s financials, will initially assess its cash balances as of Dec. 15.

Muddy Waters took a brief position in NMC in December and questioned the worth of its cash stability and property, in addition to reported income and money owed, triggering a selloff within the firm’s shares.

NMC, which later that month promised to launch an unbiased evaluate of its funds, mentioned it expects to full the evaluate of its cash balances “as soon as possible” and publish the findings of the total evaluation earlier than its annual outcomes.

Shares of the FTSE 100 firm, which have misplaced a 3rd of their worth because the Muddy Waters report, slipped one other three% in morning commerce. (Reporting by Yadarisa Shabong in Bengaluru Editing by Saumyadeb Chakrabarty)

Our Standards:The Thomson Reuters Trust Principles.



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