The company signed four warehousing contracts with HSBC, and according to these four warehousing contracts, the company stored the goods in the storage area of HSBC (hereinafter referred to as "HSBC Warehouse") located at the wharf of the second phase of Dafeng Port in Jiangsu Province. As of the disclosure date of the announcement, the company's inventory goods in Ruili warehouse and HSBC warehouse were worth 453 million yuan and1.1.90 million yuan respectively.
Guangzhou Langqi said that because the relevant personnel of the company failed to check and sample the goods in Ruili warehouse and HSBC warehouse for many times, the company issued a Letter on Co-operating with Guangzhou Langqi Industrial Co., Ltd. to check and sample the goods in your storage area on September 7, 2020, requesting Hong Shen Company and HSBC Company to cooperate with the company to check and sample the goods.
On September 6, 2020, the company received a reply from HSBC. HSBC said that it has never signed a warehousing contract with the company, and the company has no goods stored in HSBC, so HSBC has no obligation to cooperate with the inventory; HSBC has never issued the HSBC inventory list in June 2020 to the company, nor has it been stamped with the seal of HSBC. The stamp on the inventory list is inconsistent with that of HSBC.
Guangzhou Langqi pointed out that the company is currently sorting out and improving relevant evidence, and will take judicial measures as soon as possible, including litigation and reporting to the public security organs, and resolutely safeguard the legitimate rights and interests of itself and investors.
Extended data
Langqi's share price opened at the limit:
Guangzhou Langqi Industrial Co., Ltd. is a daily chemical enterprise, mainly engaged in the research, development, production and sales of washing products of brands such as Langqi, Gaofuli and Weiyeyi, as well as chemical raw materials such as sulfonic acid, refined glycerol and AES.
After Guangzhou Langqi announced the loss of inventory, Shenzhen Stock Exchange sent a letter of concern to the company, requesting a comprehensive verification of whether there were other inventory anomalies. Affected by this news, Guangzhou Langqi hit the market by selling more than 100 million orders, with a daily limit of 5 13 yuan, closing nearly 200,000 orders, with a total market value of 3.22 billion yuan. As of the latest data, Guangzhou Langqi has 36,500 shareholders.
What is the loss of Guangzhou Langqi's 572 million yuan inventory? Why did Guangzhou Langqi lose 572 million inventory?