Jahwa rises 3% after chairman says sorry
By Lilith Hu |
May 17, 2013, Friday
|
Print Edition
Print Edition
SHANGHAI Jahwa United Co, a local cosmetics maker, jumped 3.3 percent yesterday beating the key index's gain after the company's chairman apologized for shareholders's losses due to a boardroom dispute at its parent company.
Jahwa rose to 65.08 yuan yesterday after falling for two straight days. The Shanghai Composite Index gained 1.2 percent.
Speaking at the annual shareholders' meeting yesterday, Ge Wenyao said he was deeply sorry for the losses suffered by the shareholders due to his dispute with Jahwa United's major shareholder Ping An. Ge, 65, said he will smooth the relationship with Ping An because the interests of the shareholders and the company override everything else.
There have been rumors Ping An may remove Ge as chairman of the listed firm but he said it's unlikely.
At the meeting, some shareholders criticized Ping An for triggering the dispute and causing a huge loss to retail shareholders. Jahwa saw its market value fall 4.9 billion yuan (US$789.6 million) this week before the rebound.
Jahwa rose to 65.08 yuan yesterday after falling for two straight days. The Shanghai Composite Index gained 1.2 percent.
Speaking at the annual shareholders' meeting yesterday, Ge Wenyao said he was deeply sorry for the losses suffered by the shareholders due to his dispute with Jahwa United's major shareholder Ping An. Ge, 65, said he will smooth the relationship with Ping An because the interests of the shareholders and the company override everything else.
There have been rumors Ping An may remove Ge as chairman of the listed firm but he said it's unlikely.
At the meeting, some shareholders criticized Ping An for triggering the dispute and causing a huge loss to retail shareholders. Jahwa saw its market value fall 4.9 billion yuan (US$789.6 million) this week before the rebound.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
