echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > The profit distribution plan was questioned, and Hualv Biotech closed the Shenzhen Stock Exchange's attention...

    The profit distribution plan was questioned, and Hualv Biotech closed the Shenzhen Stock Exchange's attention...

    • Last Update: 2021-06-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Due to doubts about the profit distribution plan, on April 28, the Shenzhen Stock Exchange issued a letter of concern to Jiangsu Hualv Biological Technology Co.
    , Ltd.
    (hereinafter referred to as "Hualv Biological"), requesting it to say whether there is any speculation in its profit distribution plan.
    The cash dividend distribution of controlling shareholders and their affiliates
    .

    On April 28, Hualv Biological disclosed the "Announcement on the 2020 Profit Distribution and High-Government Plan".
    Based on the company’s current total share capital of 58.
    35 million shares, it will distribute a cash dividend of RMB 5.
    2 for every 10 shares, and a total cash dividend will be distributed.
    The dividend was 30.
    342 million yuan; the capital reserve was used to transfer 10 shares for every 10 shares to all shareholders, for a total of 58.
    35 million shares
    .


    The Shenzhen Stock Exchange requested Hualv Biological to explain the basis and rationality of the profit distribution plan, whether it matches the company's performance growth, and whether there is any speculation in the stock price


    In addition, Hualv Biotech’s controlling shareholder and actual controller Yu Yangchao and his spouse collectively hold 39.
    14% of the company’s shares.
    The equity concentration is relatively high.
    The Shenzhen Stock Exchange requires the company to explain whether there is cash dividend distribution to the controlling shareholder and its affiliates that damages the listing.
    The situation of the company's interests
    .

    According to data, Hualv Bio was established in 2010 and is mainly engaged in the research and development, planting and sales of edible fungi.
    Its main products are enoki mushrooms, real mushrooms (including crab-flavored mushrooms and white jade mushrooms)
    .


    On the same day, Hualv Biological released its 2020 annual report, stating that it achieved operating income of 609 million yuan last year, an increase of 5.


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.