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Duoyuan Global Water Inc.

Duoyuan Global Water Inc.

Muddy Waters Initiating Coverage on DGW – Strong Sell

April 4, 2011

Muddy Waters LLC has initiated coverage on Duoyuan Global Water Inc. (DGW) with a Strong Sell rating and an estimated value of less than $1.00. We estimate DGW’s actual revenue is no greater than US$800,000 annually, versus the US$154.4 million it claims. Our estimate is based on DGW’s PRC audit… more

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