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Caissa Tourism's Subsidiary Suspected of Being Defrauded of Nearly 27 Million Yuan, Police Report Filed
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Caissa Tourism Group (000796.SZ) announced that its wholly-owned subsidiary, Caissa Cultural Industry, has been defrauded of approximately 26.95 million yuan (about $3.7 million) through a contract scam. The subsidiary signed a performance service contract with a counterparty and paid the full amount, but subsequently lost contact with the counterparty, leading it to suspect contract fraud. The company has reported the case to the public security authorities, who have accepted the case and initiated an investigation. The incident is still under investigation and may have an adverse impact on the company's current and future profits. Caissa Tourism has launched an internal special audit and is cooperating with the investigation to recover losses. The article also includes summaries of other corporate announcements, including share buyback plans by Shilong Industrial, Hengxuan Technology, and Shenghe Resources; a share reduction plan by Tianhe Magnetic Materials; and August passenger traffic data from major Chinese airlines such as Air China, China Eastern, and China Southern.
Source report
Key Focus
Caissa Tourism (000796.SZ) Reports Contract Fraud of Nearly 27 Million Yuan; Police Investigation Underway
Caissa Tourism (000796.SZ) announced that its wholly-owned subsidiary, Caissa Cultural Industry, signed a performance service contract with a counterparty. After paying 26.95 million yuan as agreed, the company was unable to establish effective contact with the counterparty and suspects contract fraud. The company has reported the case to the public security authorities, which have accepted the case and initiated an investigation.
The matter is currently under investigation and may have an adverse impact on the company's current and future profits. Caissa Tourism has launched an internal special audit and is cooperating with the investigation to minimize losses.
Share Buybacks & Stake Changes
- Shilong Industrial: Received a commitment letter for a 54 million yuan stock repurchase special loan.
- Hengxuan Technology: Plans to repurchase company shares worth between 50 million and 100 million yuan.
- Shenghe Resources: Repurchased 1.5673 million shares for the first time, spending 33.357 million yuan.
- Tianhe Magnetic Materials: Shareholder Nantong Yuanlong plans to reduce its stake by no more than 3% of the company's total shares.
- Kanghui Shares: Shareholders and directors plan to collectively reduce their holdings by no more than 1.01% of the company's total shares.
- Feilong Auto Components: Wanxi Holdings reduced its holdings by a total of 1.6404 million shares between September 3 and September 15.
Operational Performance
- Air China: Passenger capacity investment in August increased by 6.3% year-on-year.
- China Eastern Airlines: Passenger capacity investment in August increased by 5.17% year-on-year.
- China Southern Airlines: Passenger capacity investment in August increased by 3.61% year-on-year.
- Hainan Airport: August passenger throughput reached 4.7448 million, up 3.17% year-on-year.
Major Contracts Signed
- Mengcao Ecology: Subsidiary won a 142 million yuan ecological restoration project bid.
- MCC (Metallurgical Corporation of China): Signed new contracts worth 478.79 billion yuan from January to August, including five major contracts in August.
This article is reprinted from "Tencent Self-Select Stocks." Editor: Feng Qiuyi (Zhitong Finance).
Source
证券之星-趋势策略Neutral / independent
Part of this Story
Caissa Tourism subsidiary defrauded of 26.95 million yuan in contract scam