Jiugui Liquor shares hit 3-year low after firm robbed of 100m yuan

By Ye Zhen | January 28, 2014, Tuesday |

Online Edition

SHARES of Jiugui Liquor Co Ltd slumped to the lowest level in more than three years after the spirits maker said 100 million yuan (US$16.4 million) was stolen from a bank account of its subsidiary.

Jiugui dropped 4.4 percent to 11.91 yuan today, the lowest closing since July 2012.

A marketing arm of the Hunan-based spirits maker opened a savings account at the Agriculture Bank of China in Hangzhou on November 29 and a total of 100 million yuan was deposited into the account, Jiugui Liquor said in a statement dated today to the Shenzhen Stock Exchange.

A suspect withdrew cash on three occasions between December 11 and 13, leaving only 1,176 yuan in the account, Jiugui said, without naming the suspect.

Police are looking into the case, the company said, adding it will disclose any progress in investigation.

Jiugui warned that the incident may cause “big losses” for the company.

Business Finance

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Jiugui Liquor shares hit 3-year low after firm robbed of 100m yuan

Email this to your friend