A subsidiary of the Buddha-plastic shares admits to making meal boxes with rubbish

Source: Internet
Author: User
Keywords Shares
Buddha-Plastic shares announced late yesterday evening, CCTV and some of the media on its subsidiaries suspected of using waste to produce bubble meal box reports, confirmed by the company, the company's board of directors on this matter to the public apology. August 10, the CCTV economic channel broadcast "How to change the garbage tableware" report, 11th, Guangzhou Daily also published the "CCTV Exposure: Buddha plastic with foreign garbage to make dinner box" article, and was reprinted by a number of media published, reported that "Buddha-hung Hongji branch of the illegal use of waste production of foam meal box,  A monthly production of up to 1000 tons, that is to say, about 200 million such disposable plastic tableware per month. Buddha-Plastic shares announced in the announcement, the company's shareholding 70%, by Hongji Branch management of Sino-Foreign Cooperative Enterprises Foshan Hong Hua Polyester Chip Co. The workshop related equipment and products were Foshan by the quality and Technical Supervision Bureau of the seizure on August 10. The company's foaming products (including disposable tableware and Packaging sheet) 2010 1-June total output of 2539 tons, operating income of a total of 34.95 million yuan, of which 1667 tons of illegal products, suspected illegal products operating income of 21.01 million yuan, accounting for the company's operating income ratio of 1.2%,  The operating profit of the alleged illegal products is 1.04 million yuan. The company stressed that after the incident, the company has been instructed to immediately terminate all the one-time foaming tableware production and operation, and fully recover the issue of products to be destroyed.  and set up an incident investigation and processing Task Force, investigate the incident, serious investigation of the responsibility of the responsible person, the company and the holding subsidiaries of the various operations conducted a comprehensive investigation, other products did not find illegal violations.  The company also said that, as a major shareholder of Hong Hua Polyester Slicing Co., Ltd. has the responsibility of internal control oversight and supervision, and apologized to the public, and pledged to strengthen the internal control of the enterprise to ensure legal operation. Tsinghua Foundation researcher Liu Shuirong said that this incident violates the National Health security Law, the impact on listed companies is mainly reflected in the corporate image of the damage, and the illegal product revenue accounting for the proportion of listed companies revenue is small, the impact on the capital market will not be very large. Yesterday, the Buddha-plastic shares received 12.84 yuan, down 1%.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.