男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

Taiwan firm's shares tumble due to scandal

(Agencies) Updated: 2014-10-15 08:27

Taiwan firm's shares tumble due to scandal

The awards acquired by Taiwan company Wei Chuan Foods Corp, which produces everything from ice cream to the flavor-enhancer monosodium glutamate. The company's shares tumbled by the 7 percent daily limit at the close in Taipei trading on Oct 14. [Provided to?China Daily]

Shares of Wei Chuan Foods Corp, the Taiwan food company whose chairman recently resigned amid a tainted lard scandal, plunged for a fourth day on Tuesday in a rout that has seen its market value shrink by one-quarter in less than a week.

Wei Chuan, which produces everything from ice cream to the flavor-enhancer monosodium glutamate, tumbled by the 7 percent daily limit at the close in Taipei trading. The stock capped a four-day, 25 percent decline, the steepest since its listing in 1991. Taiwan's Taiex Index gained 0.7 percent.

The company, which had gotten the tainted edible oil from supplier and fellow Ting Hsin International Group member Cheng I Food, said last month it expects to lose NT$79.4 million ($2.65 million) from product recalls and lost inventory. Its chairman, Wei Yin-chun, resigned last week, as the government started investigations into the safety of its food supply.

"The company's business outlook isn't that good, and the stock should be avoided," Wu Xiulian, an analyst from Jih Sun Securities Ltd, said by phone in Taipei on Tuesday. "The tainted lard event almost led to a public boycott of all of the company's products, from milk to beverages, in Taiwan."

Of five analysts who track the stock, four of them have a hold rating, while one has a sell, according to data compiled by Bloomberg.

"We understand the concern of consumers, investors and the public, and will continue to communicate with our distribution channels, investors and banks," Howard Weng, public relations manager at Wei Chuan, said on Tuesday.

Ting Hsin's public image was damaged last November, when Wei Chuan's edible oils were found to contain a restricted chemical and the company issued an apology as it removed products from stores. Last month, Ting Hsin supplier Chang Guann was found to have supplied tainted lard for use in the company's products.

Taiwan firm's shares tumble due to scandal

Taiwan firm's shares tumble due to scandal

China's Bright Food acquires majority stake in Salov? Watchdogs must not lag behind?

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 永州市| 左权县| 临安市| 乐都县| 余江县| 和硕县| 会昌县| 沅江市| 工布江达县| 左云县| 抚宁县| 吉水县| 平湖市| 新安县| 渝北区| 永平县| 城步| 商都县| 彰武县| 连云港市| 扎兰屯市| 清涧县| 浪卡子县| 彭山县| 湘潭县| 中方县| 鄂伦春自治旗| 黎川县| 将乐县| 嵊泗县| 林口县| 栾川县| 科技| 永仁县| 蒙山县| 驻马店市| 肥城市| 崇明县| 海淀区| 砚山县| 铅山县|