Dashengda's chairman was detained. The company is the supplier of Maotai and Luzhou Laojiao wine boxes
2024-08-18
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China Youth Network News(Reporter Zhang Yayun, intern Li Shiyu) On August 14, the Shanghai Stock Exchange disclosed that Dashengda announced that it had recently received a notice issued by the Luoyang Xigong District Supervisory Committee that its actual controller and chairman Fang Nengbin was detained and under investigation.
Public information shows that Fang Nengbin, male, was born in October 1969 and has a postgraduate degree. He has served as vice chairman, general manager, and chairman of the board of directors of Shengda Group Co., Ltd. since June 1997, vice chairman of the 8th Council of China Packaging Federation, and served as chairman of Zhejiang Dashengda Packaging Co., Ltd. from May 2011 to December 2016. He has served as chairman of Zhejiang Dashengda Packaging Co., Ltd. since December 2016.
Dashengda did not disclose the specific reasons and relevant circumstances for the chairman's detention. The announcement shows that as of the date of disclosure of this announcement, other directors, senior management and supervisors of Dashengda have performed their duties normally, the company's board of directors is operating normally, and the company's financial and production and operation management are normal. The company also stated that it has not yet been informed of the progress and conclusion of the above matters and will continue to pay attention to the follow-up situation.
Public information shows that Zhejiang Dashengda Packaging Co., Ltd. was established in 2004 and listed on the Shanghai Stock Exchange in 2019. The 2023 annual report shows that Dashengda is one of the leading professional suppliers of comprehensive packaging and printing solutions in China. The company is mainly engaged in the research and development, production, printing and sales of paper packaging products. Its main products include corrugated boxes, cardboard, high-end wine packages, fine cigarette packages, biodegradable pulp and environmentally friendly tableware, etc.
The 2023 annual report shows that Dashengda has several subsidiaries, including Aidi, Sichuan Dashengda Zhongfei, Hainan Dashengda, etc. Among them, Aidi provides trademarks and boxes for well-known cigarette brands such as "Liqun" and "Nanjing", and some gift packaging products are indirectly exported to the European and American markets. Sichuan Dashengda Zhongfei's main products are high-end wine packages, and it produces high-quality wine boxes for downstream liquor brand customers such as Moutai Co., Ltd., Guizhou Xijiu, and Luzhou Laojiao.
In the secondary market, Dashengda's stock price fell for two consecutive days. On August 14, the stock price fell to the limit, and on August 15, the decline reached 5%. As of the close, it was 5.81 yuan per share, with a total market value of about 3.196 billion yuan.
(Source: China Youth Network)
