YKA(SZ:300999) Zhong Guo Neng Yuan Wang·2025-11-20 14:37Core Viewpoint - The legal dispute between former Hubei billionaire Lan Shili and the grain and oil giant Jinlongyu, backed by Yihai Kerry, stems from allegations regarding the unsafe transportation of edible oil using uncleaned oil tankers, leading to significant reputational damage and financial implications for the companies involved [1][4][10]. Group 1: Incident Background - The controversy began with the "oil tanker mixed transport chaos" incident, where it was reported that an oil tanker transported coal-derived oil and then directly loaded edible oil without cleaning, raising public safety concerns [4][5]. - A specific tanker, identified as冀E5476W, was tracked to have loaded edible oil at a facility linked to Jinlongyu after transporting coal-derived oil [4][6]. Group 2: Legal Proceedings - Yihai Kerry filed a lawsuit against Lan Shili for defamation, claiming his statements about the company's products being "toxic" and the alleged stock price drop were baseless and damaging to their brand reputation [8][10]. - The Shanghai court ruled in favor of Yihai Kerry, ordering Lan Shili to apologize publicly and pay damages, which he contested in a subsequent appeal that was also rejected [10][15]. Group 3: Regulatory Implications - The incident prompted the State Council's Food Safety Office to take the matter seriously, leading to a joint investigation into the transportation of edible oil and subsequent regulatory reforms [5][11]. - Proposed amendments to the Food Safety Law include stricter licensing requirements for the transportation of liquid food products, with penalties for violations [11]. Group 4: Ongoing Disputes - Following the court's ruling, Lan Shili claimed that Yihai Kerry continued to pursue legal action despite the settlement, leading to the freezing of his bank accounts and further complicating the legal situation [14][15]. - Lan Shili has since sought a retrial and is pursuing additional claims against Yihai Kerry for alleged improper conduct during the enforcement of the court's decision [15].