Main business changes Guangdong Ganhua "sugar cane" name is suspected misleading investors

Recently, some investors have reported that the main business of Shenzhen Ganhua (000576), a motherboard company in Shenzhen, has long been associated with sugar cane and sugar, but it still retains the name of “Jiangmen Sugarcane Chemical Group”. Is this misleading investors? Suspect?

The reporter found that Guangdong Ganhua's stock name, its own sector, and fundraising projects are completely different industries. Investors do not seriously study, and it is really impossible to tell which company the company is. The name of the stock appears to be a sugar-related business. The industry divided by the exchange is papermaking. So, is the name of Guangdong Ganhua now related to the name “sugar cane chemical”?

Gong Jianpeng, the company's securities affairs representative, said in an interview that only sugar pulp and yeast business is related to sugar cane. Sugar cane and its processed products can be used as raw materials for paper and yeast.

The reporter reviewed Guangdong Ganhua's 2012 annual report and found that the paper-related income is actually from the pulp and paper trade. The pulp and paper products are purchased from Chibi Chenming Paper (000488) and then sold, and Guangdong Ganhua itself does not produce pulp paper. . The biochemical yeast uses sucrose as a raw material, and the final product yeast produced is not directly related to sugar cane.

In January of this year, Guangdong Ganhua completed asset restructuring, and its actual controller was changed to Delixi Group. The targeted investment projects were invested in the LED industry. At this point, Guangdong Ganhua's main business has crossed an industry.

According to people in the company, the biggest revenue is pulp and paper trade. After the LED project is put into production, pulp and paper trade, biochemical yeast and LED will become the three main businesses of Guangdong Ganhua. As for the three businesses, what will each account for? The ratio is still hard to say.

At present, investors have suggested that Guangdong Ganhua's call for renaming continues. From pulp and paper trade to biological yeast to LED, the name of Guangdong Ganhua seems to be not suitable, but the company responded that there is no plan to change its name and change its main scope.

Gong Jianpeng said that the company was originally a comprehensive operation. Yeast and LED are all responsible for their subsidiaries. The main business of Guangdong Ganhua is two different things. If there is a need for a name change in the future, it will be considered.

Zheng Mingwei, a securities lawyer of Guangdong Jingtian Law Firm, said that the main business of listed companies is disclosed in the annual report. There is no relevant requirement that the company must change the industry and business scope of the industrial and commercial department or the exchange. If the investor misunderstands, it is only the information disclosure, and the company will not be punished.

(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

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