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Samsonite shares set to fall 9 percent; rejects short-seller report

Published 25/05/2018, 02:30
© Reuters. FILE PHOTO: The logo of Samsonite is seen in a shop in downtown Rome
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HONG KONG (Reuters) - Shares of Samsonite International SA (HK:1910) were set to fall 9 percent on Friday as trade resumes after short seller Blue Orca said the world's largest luggage maker had questionable accounting practices.

Samsonite rejected the allegations as "one-sided" and "misleading".

Samsonite's shares were set to open down 8.8 percent at HK$28.00.

© Reuters. FILE PHOTO: The logo of Samsonite is seen in a shop in downtown Rome

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