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subject: Zhejiang Star Pharmaceutical Companies Head Mass Loss Due To Insolvency Hanged Themselves - [print this page]


Yesterday, the "Daily Economic News" rushed to the Zhejiang Lanxi confirmed that a new pharmaceutical Co., Ltd. (hereinafter referred to as a new drug) chairman Cheng Ya-chun, on Aug. 13 was found hanging dead in the office. Interview, reporter learned that the plant is now operating difficulties, apart from these more outgoing Cheng suicide may be a loss of millions of insolvent enterprises concerned.

Public: news shocked Lanxi Cheng Ya-chun, the news shocked the whole suicide Lanxi! The reporters found that this well-known in the local leading enterprises, has suddenly become a hot focus of Lanxi public. "Their loss of millions, insolvency," "bankrupt, workers are on holiday" ... ... along the way, all kinds of rumors full of reporters eardrum.

17:30, the reporter arrived at Ring East Road, Lanxi City, a new pharmaceutical factory, found the door closed the plant, in addition to duty room, the whole plant have not seen a figure, was extremely quiet. "5 o'clock on a work." A duty officer told reporters that its chairman, Cheng Ya-chun, had indeed committed suicide, on Aug. 16, thousands of plant workers came to the funeral parlor, Lanxi City, attended his funeral.

Staff: business difficulties Reporter asked why it suicide, several of the staff duty room that is not clear, they denied rumors that the plant has been bankrupt, but said "the current efficiency was not very good operational difficulties", but the monthly wage or can be distributed to staff as usual. According to local media reports, at half past eight on the August 13 Xu, 1 Zheng Ya-chun, chairman of the new drug was found hanging dead in the office, a preliminary investigation by the broken Lanxi City Public Security Bureau, Department of suicidal behavior.

Status: pillar enterprises have declined It is understood, Cheng Ya-chun, the pharmaceutical industry in Zhejiang, high profile, 20 years ago from scratch to set up a new pharmaceutical, manufacturing and sales of Chinese and Western medicine Preparation , API , Plant extracts, Health Products , Once the state of proprietary Chinese medicines 50 companies, and local leaders in two other pharmaceutical Kangen Bei, Tianyi Church neck and neck, plant production, "a new children eating syrup" is a household name. From 1997 to 2006, a new drug for 10 consecutive years among more than 10 million yuan Lanxi tax over ten enterprises.

Available since 2006, this former mainstay of enterprise appears to decline, lower performance, particularly tight this year's national monetary policy implementation, is that a new drug that SMEs bear tremendous pressure. The company's Web site found at the site has not updated the past 2 years, "Mr President", "Products", "grew up" and other sections are blank.

Investors: The stock will not change paper?

Noted in many forums, journalists, Cheng Ya-chun, the news of sudden death, has made many investors panic. "A new business operation in the end how? Will not bankrupt?" "I have a few shares of the company's stock, will be finished?" "I will not turn into a paper stocks?", "Local governments will take over the you? "... ... For all the above concerns, is still unknown, this, this newspaper would continue to in-depth coverage.

Relevant case Zhu Jiguang, 56 years old, Valve Manufacturing Co., Ltd. Zhejiang Jiang Yunguang founder. Guarantee on behalf of others because of inability to pay 1,000 million in July this year, trying to escape.

Businessmen Yu Mou, 51 years old, Dongguan Chung and glasses factory owner, factory for rent owed a total of 942,000 yuan, and nearly 4 months wage workers millions of dollars on June 20 this year committed suicide.

Zhang Shuhong 50s, Elite Toys Co., Ltd. Foshan City, Guangdong boss, toys were recalled because of production, thus about more than 3,000 million U.S. dollars to pay losses. On August 11, 2007 hanging death.

by: gaga




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