The subsidiary company is named "Why don't we stay at my brother's house?"! Latest response from Fortune Global 500 companies

Release time:Apr 16, 2024 21:02 PM

Recently, Guangdong Guangxin Holdings Group Co., Ltd. disclosed its semi annual report as usual, but in the 75 page semi annual report, there was a big mistake: on page 44 of the report, in the section on important subsidiaries or participating companies, the name of a company was written as "So why don't you stay at my brother's house?". This mistake has sparked heated discussions among netizens.

According to Caixin News Agency, there are identical errors in the same announcement and position of bonds such as "22 Guangxin 01", "21 Guangxin 01", "21 Guangxin 03", and "21 Guangxin Y1". However, as of the time of publication, a designated information disclosure platform has replaced the relevant error announcements. In the updated announcement, "why not stay at my brother's house" has been replaced with "Indonesia Guangqing Nickel Industry Co., Ltd.".

The updated "2023 Semi annual Report on Corporate Bonds of Guangdong Guangxin Holdings Group Co., Ltd." shows that the trustee of "21 Guangxin Y1" mentioned above is CICC; In addition, the trustees of "22 Guangxin 01", "21 Guangxin 01", and "21 Guangxin 03" are Huatai United Securities, CITIC Securities, and CITIC Securities, respectively.

On the evening of September 12th, Guangdong Guangxin Holdings Group Co., Ltd. issued a "Situation Statement" in response to the distorted information expressed in the 2023 semi annual report of Guangxin Group's corporate bonds, which was previously being followed by the internet.

The subsidiary company is named "Why don't we stay at my brother's house?"! Latest response from Fortune Global 500 companies

According to the Situation Explanation, it has been confirmed that the 2023 semi annual report provided by Guangxin Group to intermediary agencies is accurate and accurate. According to regulatory requirements, the above reports must be provided by intermediary institutions to the exchange for publication. The incident was caused by an operational error by the intermediary institution during the process of inputting relevant reports into the exchange system, resulting in an error in the name of the enterprise belonging to Guangxin Group.

According to the Situation Explanation, Guangxin Group has actively communicated with relevant institutions as soon as possible, and currently the relevant institutions have corrected and issued the correct documents. The reporter noticed that on the afternoon of the 12th, Guangxin Group had released an updated semi annual report and marked it as "subject to this". At present, the incorrect name of the subsidiary in the column of important subsidiaries or participating companies has been corrected to "Indonesia Guangqing Nickel Industry Co., Ltd.".

Public information shows that Guangxin Group is a wholly-owned enterprise of the Guangdong Provincial Government. Its predecessor was Guangdong Foreign Trade Group established in 2000, which was renamed Guangdong Guangxin Holding Group in 2011. In 2019, Guangxin Group and Guangdong Silk Textile Group were restructured, and Guangxin Group became the new entity after the merger.

The company's main business is divided into six major sectors, namely: new materials sector, biopharmaceutical and food sector, digital creativity and integrated services sector, new foreign trade sector, main investment platform sector, and other sectors. It focuses on concentrating resources, selecting strengths, and consolidating and accelerating the development of its main business.

Recently, the Department of Industry and Information Technology of Guangdong Province announced the list of key industry chain "chain owners" of strategic industry clusters in Guangdong Province in 2022. Guangqing Technology, Xingfa Aluminum Industry, and Guangdong Guang Group under Guangxin Group were successfully selected as key industry chain "chain owners" of strategic industry clusters in Guangdong Province in 2022.

In 2023, Guangxin Group entered the Fortune Global 500 and ranked 427th, making it the first provincial state-owned enterprise in Guangdong Province to be listed.

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