Zhangzidao Officer Resigns, Company Reports Wider Loss for 2014 of Around $1 billion Yuan
SEAFOODNEWS.COM [Shuichan] Translated by Amy Zhong - January 30, 2015
Zhangzidao reported that its annual results will show a wider than anticipated loss yesterday. Previously the company estimated its annual loss this year in the range of 770 - 860 million Yuan, but now say the losses will reach 950 million to 1.05 billion Yuan.
Earlier this month, the companies chief strategy officer, Feng Yuming, resigned. Feng is said to resign for personal reason and he will not hold any position in the company after the resignation.
This is the first resigination of the company’s executives after Zhangzidao suffered from zero harvest of yesso scallops which has cost it 0.8 billion yuan in the end of 2014.
The incident has influenced the company for quite a long time...Full Story »