久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Markets

Taiwan firm's shares tumble due to scandal

(Agencies) Updated: 2014-10-15 08:27

Taiwan firm's shares tumble due to scandal

The awards acquired by Taiwan company Wei Chuan Foods Corp, which produces everything from ice cream to the flavor-enhancer monosodium glutamate. The company's shares tumbled by the 7 percent daily limit at the close in Taipei trading on Oct 14. [Provided to?China Daily]

Shares of Wei Chuan Foods Corp, the Taiwan food company whose chairman recently resigned amid a tainted lard scandal, plunged for a fourth day on Tuesday in a rout that has seen its market value shrink by one-quarter in less than a week.

Wei Chuan, which produces everything from ice cream to the flavor-enhancer monosodium glutamate, tumbled by the 7 percent daily limit at the close in Taipei trading. The stock capped a four-day, 25 percent decline, the steepest since its listing in 1991. Taiwan's Taiex Index gained 0.7 percent.

The company, which had gotten the tainted edible oil from supplier and fellow Ting Hsin International Group member Cheng I Food, said last month it expects to lose NT$79.4 million ($2.65 million) from product recalls and lost inventory. Its chairman, Wei Yin-chun, resigned last week, as the government started investigations into the safety of its food supply.

"The company's business outlook isn't that good, and the stock should be avoided," Wu Xiulian, an analyst from Jih Sun Securities Ltd, said by phone in Taipei on Tuesday. "The tainted lard event almost led to a public boycott of all of the company's products, from milk to beverages, in Taiwan."

Of five analysts who track the stock, four of them have a hold rating, while one has a sell, according to data compiled by Bloomberg.

"We understand the concern of consumers, investors and the public, and will continue to communicate with our distribution channels, investors and banks," Howard Weng, public relations manager at Wei Chuan, said on Tuesday.

Ting Hsin's public image was damaged last November, when Wei Chuan's edible oils were found to contain a restricted chemical and the company issued an apology as it removed products from stores. Last month, Ting Hsin supplier Chang Guann was found to have supplied tainted lard for use in the company's products.

Taiwan firm's shares tumble due to scandal

Taiwan firm's shares tumble due to scandal

China's Bright Food acquires majority stake in Salov? Watchdogs must not lag behind?

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲香蕉影院 | 91p在线| 日一区二区 | 91热播 | 欧美久久视频 | 久草在线青青草 | 韩国一级理黄论片 | 国产成人综合网亚洲欧美在线 | 久草在线青青草 | 亚洲最大的视频网站 | 久草热久 | 免费萌白酱国产一区二区三区 | 亚洲欧美国产高清va在线播放 | 欧美一级在线全免费 | 99爱在线精品视频网站 | 欧美一及 | 国产精品成人不卡在线观看 | 亚洲第一中文字幕 | 欧美一区不卡二区不卡三区 | 久久观看午夜精品 | 91精品全国免费观看 | 在线成人a毛片免费播放 | 精品国产一区二区三区四区vr | 老司机精品福利视频 | 国产tv在线| 欧美最猛性xxxxx亚洲精品 | 日韩美a一级毛片 | 久久精品国产一区 | 亚洲91精品| 国产亚洲精品国产一区 | 国产精品欧美一区二区在线看 | 成人小视频免费 | 成人久久18免费网站 | 成人午夜看片在线观看 | 中文字幕有码在线观看 | 一级国产视频 | 丝袜精品 欧美 亚洲 自拍 | 欧美一级大尺度毛片 | 久久青青草视频 | 国产精品久久免费 | 99精品欧美一区二区三区 |