Cooking, Food & Wine

middle "lean" scandal of shuanghui development resumed after two consecutive drop, just opened fell on Thursday, but emergency business again on Friday, as news that, sales data for its previously announced "surprisingly" good is because the company withheld key commitments. On Saturday, shuanghui development announcement acknowledges that company a firm undertaking from the dealer 100% return, losses borne by the double sinks.

suspension

was challenged to hide key commitments

4 19th shuanghui development on lean verified announcement and resumption of trading. Announcement, shuanghui development described the current average daily shipments of fresh products and meat products, the restored to March 2011 on a half-month average daily shipments of 70%~80%; date back to the loans of more than 90 million, back to March on a half-month average daily recycling of 72%.

after two consecutive drop, finally opens April 21 two-removals fell, slightly by 0.24% all day. While preparing the relief as institutional and retail, 51 messages last week onto the air waves shuanghui development.

reports: shuanghui chilled meat is almost extinct in Shanghai, individual contracted Super 50% supermarket sausage sales in Beijing, southern China sales cold and shuanghui products in Chengdu is still not on the shelves, most dealers sales decline, decline ranged from 50% to more than a 80%. Announcements and reality are so large, because double meeting commitments, dealers before May not sell finished products, can return without conditions, and the return of the product loss without the dealers assume.

it is because of shuanghui has such a commitment, therefore queried by outsiders think, dealers not to take risks, so you can not take into account the actual sales and mass distribution, only 19th before notice "surprisingly good" sales data; at the same time as the two-meeting of disclosure is the concealment of important commitments of sales data, this information will also directly affect investors ' investment decisions.

for the news, on Friday morning, the announcement made by the Shenzhen Stock Exchange again: media report on the Henan shuanghui investment development of undisclosed information, the application by the company, the firm will be on April 22 for temporary suspension of shuanghui development, company resumed after the relevant notice is published.

notice

100% return commitment has its

on Saturday, shuanghui development finally issued the latest announcement: March 23, 2011, national dealer Conference held in shuanghui group, explain shuanghui group, all shuanghui meat products production date prior to May 1, 2011, all returns occur, shuanghui 100% bear.

notice also stated that, on March 24, shuanghui Group issued the notice, the above was clear: as of March 24, where the production before May 1, 2011, but returns due to market unsold products, whether or not any expired, are borne by shuanghui 100%.

although shuanghui admitted hiding important commitments in the bulletin, but does not explain why previously concealed this information, is not clear whether responsible behavior for misleading investors.

analysis

will directly effect investors decision

has analyst think, is because double meeting previously disclosure of is conceal has important commitment of sales data, this a information also will directly effect investors of investment decision, in does not know data behind also has related commitment of situation Xia, because saw good of recovery data buy has double meeting development of stock, will dealer appears refund, recovery process up does not to previously of expected, shares fell, investors of loss and the by who to bear?

data show that last year a total of 169 funds hold shuanghui total 216 million shares shuanghui development after three consecutive drop, the fund company losses exceeded 5 billion, one of the most injury is holding the largest number of industrial Global Fund.