On the evening of the 24th, the Shenzhen Stock Exchange issued a letter of concern about the investigation of Huabao Flavours & Fragrances Co.Ltd(300741) actual controller, requiring Huabao Flavours & Fragrances Co.Ltd(300741) to fully evaluate the impact of Zhu linyao’s investigation on the stability of the company’s control, finance and production and operation management .
According to the letter of concern, the information the company has so far mastered on the specific matters of the filing and investigation of Zhu linyao’s violation by Leiyang supervision committee, whether it has taken compulsory measures against Zhu linyao, and whether it involves corporate responsibility , if so, whether the company is suspected of major violations.
At the same time, explain Zhu linyao’s personal debt held by the company and the current pledge of shares directly or indirectly held by the company or restrictions on other rights, including the amount of debt, whether it involves corporate responsibility, whether it has been sued, the number of Pledged Shares, the amount of pledged financing, whether there is a risk of pledge liquidation Whether there are other equity restrictions .
The Shenzhen Stock Exchange also requires Huabao Flavours & Fragrances Co.Ltd(300741) to fully evaluate the impact that Zhu linyao’s investigation has had and may have on the stability of the company’s control, finance and production and operation management , as well as the response measures the company has taken and plans to take, and fully remind the relevant risks.
The attention letter requires Huabao Flavours & Fragrances Co.Ltd(300741) to conduct self-examination and explain whether the company’s operation has changed recently, whether there are undisclosed litigation, fund occupation, illegal guarantee, freezing of bank accounts and other situations that should be disclosed, and fully prompt relevant risks.
In addition, verify the specific time point when the company knows the above matters, and explain whether there is any failure to fulfill the obligation of information disclosure in time and the disclosure of insider information in advance. Self inspect and explain the company’s directors, supervisors, senior managers and shareholders holding more than 5% of the company’s shares in the past month, and whether there is insider trading.
On the morning of the 24th, Huabao International Holdings Co., Ltd. (hk00336, hereinafter referred to as Huabao International) announced on the Hong Kong stock exchange that its non wholly-owned subsidiary Huabao Flavours & Fragrances Co.Ltd(300741) (300741, hereinafter referred to as Huabao Flavours & Fragrances Co.Ltd(300741) ) had received the notice of filing a case from Leiyang Supervision Committee. Zhu linyao, chairman, CEO, executive director and controlling shareholder of Huabao international, is now under investigation for suspected violation of the law.
According to the announcement, Zhu linyao held about 71% of the shares of Huabao international on the date of the announcement. Huabao International said that up to the date of this announcement, the company has not been provided with any details about the nature of the alleged violations Zhu linyao is currently under investigation, and the business operation of the group remains normal.
On the same day, Huabao Flavours & Fragrances Co.Ltd(300741) also announced that it had recently received a case filing notice from Leiyang supervision committee, which decided to file an investigation into the violation of the law by Zhu linyao, the actual controller of the company. Up to now, Zhu linyao has not held any position in the company and participated in the operation and management of the company. The above matters will not have a significant impact on the daily production and operation activities of the company. At present, the company’s production and operation are normal.
It should be mentioned that in the secondary market, affected by the above news, Huabao international immediately collapsed after opening low in the morning on the 24th, and its share price fell 50% within one minute. As of the closing on January 24, Huabao international fell 66.53% to HK $4.86, with a total market value of HK $15.7 billion. Compared with the closing on Friday (January 21), the market value evaporated by more than HK $31 billion.
In addition, Huabao Flavours & Fragrances Co.Ltd(300741) 24 closed at 35.12 yuan, 20cm limit, with a total market value of 21.6 billion yuan.
Source: website of Huabao International Holdings Co., Ltd
According to the website of Huabao International Holdings Co., Ltd., Zhu linyao, chairman of the board of directors, CEO, executive director and chairman of the nomination committee of the company, has been a member of the board of directors since March 2004.
Warburg International Holdings Limited was established in 1996 and listed on the Hongkong stock exchange in 2006 (00336.HK). Its core businesses include flavor (tobacco, food, daily), aromatic materials, tobacco raw materials and materials (reconstituted tobacco, expanded tobacco stems, new cigarette materials, etc.) and condiment business in R & D, production, sales and service.
In addition, Huabao Flavours & Fragrances Co.Ltd(300741) , formerly known as Warburg food flavors and fragrances (Shanghai) Limited, was founded in 1996 and was successfully listed on the Shenzhen stock exchange in 2018. It mainly engaged in research, production, sales and service of tobacco flavor, food flavors, daily flavors and food ingredients. Currently, there are 39 affiliated enterprises in China.
According to the prospectus disclosed by Huabao Flavours & Fragrances Co.Ltd(300741) prior to A, the company owns a series of flavor brands such as “Hi Deng”, “Hua Bao”, “Peacock”, “Tian Hong”, “Hua Fang”, “Ao Hua Da”, “amber” and so on. main customers include Yunnan Zhongyan, Shanghai tobacco, Hunan Zhongyan, Yizi, Guangming, Huiyuan, Taitaile, Jinluo and other enterprises .
