traders lost half a billion
my father-in-law helped pay off the money in three days
Do you remember that before the Spring Festival, an employee of the listed company Jinzi Ham Co.Ltd(002515) cut meat for the company without authorization and lost more than 50 million?
According to the announcement released recently by Jinzi Ham Co.Ltd(002515) , after the company purchased the pig futures hedging contract, without approval, the company’s futures traders closed their positions without authorization, resulting in a loss of 55.1053 million yuan in the company’s account.
After the trader was judged by the company to be fully responsible, when everyone was concerned about whether the trader could afford to pay back the money, the result was that it took only three days to make up all the losses of the company from his own pocket. Once again shocked the market,
“When can I be so cheerful?” After the news fermented on the social platform, some netizens sighed.
How on earth can this be done? Where did the big money come from? Who is this “ordinary” trader? Now these questions have answers.
On the evening of the 11th, Jinzi Ham Co.Ltd(002515) said in response to the inquiry of the Shenzhen Stock Exchange on commodity futures hedging business that the compensation paid by the company’s futures traders to the company’s account came from his own and self raised funds of himself and his father-in-law Shi xiongbiao.
Jinzi Ham Co.Ltd(002515) said that since September 2021, the pig futures index has continued to decline unilaterally from 16075 points. On September 16, 2021, the pig futures index fell rapidly from 14172 points to 13798 points. The company’s futures traders are under great pressure and worried about the risk of compulsory closing positions in the company’s position contracts. In the morning of that day, the futures trader sold a total of 902 pig contracts without asking for instructions from any member of the futures decision-making group, and tried to rebuild the position at a lower price, resulting in an actual investment loss of about 44.22 million yuan on that day. the time for futures traders to report the above matters to the company and promise to compensate the company for all losses is September 27, 2021. On September 29 and 30, 2021, the futures trader paid the corresponding loss to the company’s account.
For the source of compensation for traders, Jinzi Ham Co.Ltd(002515) explained that it came from his own and self raised funds and his father-in-law Shi xiongbiao. Shi xiongbiao is the natural person shareholder who holds 3.45% of the company’s shares and is the brother of Shi Yanjun, the former actual controller of the company.
Due to the shortage of fund-raising time, Shi xiongbiao temporarily borrowed 41.05 million yuan from his friend Wang Qihui (vice president and former Secretary of the board of directors) on September 29, 2021. On September 29, 2021, Shi xiongbiao occupied 5.95 million yuan of alimony originally entrusted by his brother Shi Yanjun (President and former chairman of the company) to his nephew, and then obtained it through the transfer of other company shares held by him, Repay most of the arrears to Wang Qihui, and pay the maintenance fee of 5.7 million yuan for his nephew as entrusted by Shi Yanjun, and return the difference.
As of the 11th, Shi xiongbiao’s occupation of Shi Yanjun’s funds had been eliminated, and the outstanding balance owed to Wang Qihui was 6.9278 million yuan. In addition, there is no actual source from the company’s controlling shareholders and actual controllers (including the original actual controllers and controlling shareholders).
Jinzi Ham Co.Ltd(002515) said that Shi xiongbiao used his own and self raised funds to help his son-in-law pay compensation based on his father-in-law rather than his shareholder status. Therefore, this transaction does not constitute an equity transaction, so the company included the compensation in non operating income, and there is no case of using the compensation to adjust profits.
