Tingo Group, Inc, a profitable and fast-growing fintech and agri-fintech company, has categorically refuted all the allegations and misinformation outlined in a report published by Hindenburg Research earlier today. This was contained in a press statement published on the firm’s website titled, “Tingo Group Refutes Malicious and Misleading Allegations in Hindenburg Research Report”, the company faulted the allegations contained in the research report, saying they are “baseless”. “Tingo Group confirms that it remains in compliance with the laws of the territories in which it operates and maintains the highest standards of corporate governance. While condemning the half-baked distorted information contained in the research, Tingo said, “As disclosed by Hindenburg Research, the report represents their own opinion and is designed to benefit a short position taken by them and their associates from which they stand to realise sizeable gains. The statement noted, “The investor community has demonstrated its faith in Tingo Group on the basis of detailed analyses and reports prepared by leading professional advisors, financial experts and credit rating agencies.

Source: Nigerian Tribune June 07, 2023 18:43 UTC