Toly Bread Co.Ltd(603866) yesterday announced that the company and its holding subsidiaries planned to carry out commodity futures hedging business, and the maximum amount of margin occupied would not exceed 80 million yuan. The varieties of hedging business are sugar, oil, eggs, PP, chicken, etc. that have been listed or are to be listed in the China Commodity Exchange. These are the varieties corresponding to the products related to the company’s production and operation or the raw materials required. When the accumulated loss of hedging business reaches 30 million yuan, the business shall be terminated. If the duration of a single transaction exceeds the validity of the resolution, the validity of the resolution shall be automatically extended until the termination of the single transaction.
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