Zhangzidao in Trouble Again for Missing Scallops
SEAFOODNEWS.COM [Money YZ] Translated by Amy Zhong February 9, 2018
Zhangzidao scallops disappeared again and its main shareholder sold nearly 2 million shares before the incident became public.
On the evening of January 30, Zhangzidao released an announcement which said that there were abnormalities with its yesso scallops in some sea regions. And it is expected to suffer from a loss as much as 0.72 billion yuan in net profit during 2017.
Rumors fly about this news. According to some anonymous scallop-fishing staff from Zhangzidao, scallops have died in large quantities last November, while some investors speculate that the company has falsified its accounts. On January 31 the reporter for Beijing News contacted Zhangzidao but got no reply. And he has got nothing either from Da Hua Certified Public Accountants, which Zhangzidao hired for its inventory counting.
According to the announcement, Zhangzidao was counting its inventory of yesso scallops..
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