On the evening of January 20, Huabao shares, a listed fragrance company, and Huabao International, a Hong Kong-listed stock company, both issued an “announcement on the progress of the investigation of the company’s actual controller”. Implement residential surveillance at a designated location. Tobacco flavors contribute more than 80% of Huabao’s turnover. The model of deep tying with tobacco companies has led the market to speculate that Zhu Linyao’s investigation is related to the tobacco system’s anti-corruption. | Related reading (interface)
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Although Zhu Linyao is said to be the queen of flavors in this news, what I want to say is that in the capital market, Zhu Linyao’s most famous title is obviously the “Queen of Pumping”. The title is due to its long-sleeved and skillful capital means in the stock market. However, he was implicated in the corruption of the Hunan tobacco industry before and began to be investigated. Now that it is still deeply involved in this lawsuit, it is hard to say what kind of legal sanctions it will encounter. For Huabao, this is an inestimable uncertainty.
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