Overview - Yunnan Jinggu Forestry Co., Ltd. reported a loss of approximately 19 million yuan in inventory due to misconduct by a former director of its subsidiary, Tangxian Huiyin Wood Industry Co., Ltd. [1] - The misconduct involved bypassing internal control systems, leading to potential illegal activities, prompting the company to report the matter to law enforcement [1][2] Financial Impact - The estimated loss for Huiyin Wood Industry is about 19 million yuan, translating to an estimated loss of approximately 9.69 million yuan attributable to the listed company [1] Company Actions - The company plans to pursue legal action against the involved parties to protect the rights of the company and its shareholders [2] - Measures will be implemented to enhance inventory management and prevent future occurrences, including strict approval processes and monitoring of sales [2]
ST景谷: 关于控股子公司存货盘亏的公告