Published: 7:30pm, 11 May, 2016 Updated: 3:20pm, 12 May, 2016
Leading robot maker, Wuhan Huazong Numerical Control (HNC), has posted a retraction on its website after reports of falsifying sales. The company's shares dropped 20% following the reports, in which it was claimed that HNC had sold a few hundred gantry robots to Gree Electric, the state-owned appliance manufacturer, in 2015, however, Gree stated that it only purchased a number of components, and had built its own gantry robots. In an official statement released by GFI, the company said that they were "shocked at the allegations made against us regarding our sales figures.