Company: The operation has not been affected.
On March 29th, some media reported that the groundwater in Xiaozhuzhuang village in Cang county was polluted, which aroused strong concern from all walks of life. Due to the historical origin with the polluter-the former Jianxin Chemical Plant in Cangzhou City, Hebei Province (hereinafter referred to as Jianxin Chemical), the listed company Jianxin shares were also involved.
The original Jianxin Chemical Plant was established in 1988. Because its chemical business is exactly the same as Cangzhou Tianyi Chemical, the predecessor of Jianxin Co., Ltd., Cangzhou Tianyi Chemical acquired the chemical business assets of Jianxin Chemical. Since then, Jianxin Chemical Plant has gone through the formalities of cancellation of industrial and commercial registration. As a Cangxian branch of Jianxin Co., Ltd., the factory has been in a state of suspension since 20 1 1. Moreover, after the media reported, Cangxian Branch immediately launched a comprehensive demolition of all devices and workshops.
Jianxin Co., Ltd. said that from the establishment of Cangxian Branch in 2006 to the suspension of production in September of 20 1 1, there was no industrial wastewater discharge in Xiaozhuzhuang Village. With the completion and commissioning of the fundraising project, the company's new production capacity can completely make up for the reduced production capacity due to the dismantling of Cangxian Branch, and the normal production and operation activities of the company will not be affected.
Worried about compensation, the stock price plummeted.
The announcement of Jianxin shares failed to dispel market concerns. After the resumption of trading yesterday, the company's share price directly opened lower, closing down 7.55%.
For the stock price crash, an industry insider said that although Jianxin shares said that it would not affect production, the market was worried about possible compensation. As Jianxin Co., Ltd. said in the announcement, the local authorities are checking the groundwater pollution in Xiaozhuzhuang Village, and the final responsibility is determined by the conclusion of the local government authorities. If the company bears the relevant expenses for controlling the pollution around Jianxin Chemical Industry, it will recover from the relevant responsible parties according to law.
Yesterday, the reporter of China Business Daily called Jianxin as an investor. A person from the company's Secretary-General's Office admitted that the company's operations would not be affected, but all parties were worried about compensation. At present, the relevant departments are investigating, and the compensation issue has to wait for the final investigation results. In addition, he revealed that Cangzhou Branch is the only local chemical enterprise.
In other words, if the liability for compensation is defined, CCB may face the risk of coping with compensation alone.