Hong Kong Billionaire Horst Julius Pudwill’s Fortune Drops After Short-Seller’s Attack
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Horst Julius Pudwill, cofounder and chairman of Techtronic Industries.
Jocelyn Tam for Forbes Asia
Horst Julius Pudwill, the cofounder and chairman of Techtronic Industries, saw his net worth tumble more than $670 million over the past two days after a little-known short-seller accused his power tool company of manipulating its profit and using fraudulent accounting practices.
Techtronic’s shares suffered