BRIEF: Hongjiu Fruit chairman, board members probed for fraud
Chongqing Hongjiu Fruit Co. Ltd. (6689.HK) announced on Wednesday that its Chairman Deng Hongjiu and five board members are being investigated for various criminal offenses related to suspected loan fraud…
Did falling durian prices undermine an already-shaky Hongjiu Fruit?
The fruit seller has yet to issue a 2023 annual report since KPMG resigned as its auditor in April, as top executives pledge shares to raise cash and an investigative…
FAST NEWS: Hongjiu Fruit’s Chairman pledges 11% company shares
The Latest: Fruit distributor Chongqing Hongjiu Fruit Co. Ltd. (6689.HK) announced Thursday its controlling shareholder and chairman Deng Hongjiu has pledged another 3.9 million shares of the company as security for a loan totaling…
FAST NEWS: Hongjiu Fruit’s Chairman pledges shares for a loan
The Latest: Fruit distributor Chongqing Hongjiu Fruit Co. Ltd. (6689.HK) announced Tuesday its controlling shareholder and chairman Deng Hongjiu pledged 23.23 million shares of the company as security for a loan totaling 96.57…
Caught in a payment jam, Hongjiu Fruit issues more shares
The leading Chinese distributor of high-end fruit has been forced to raise more capital to help bridge a gap between incoming payments and outgoings Key Takeaways: In the first half…
Will Pagoda’s ambitious 10-year plan bear fruit, or is it destined to wither on the vine?
China’s leading fruit seller has announced a plan to become king of the global fruit industry over the next decade Key Takeaways: Pagoda has unveiled an ambitious plan to boost…
FAST NEWS: Hongjiu Fruit’s profit jumps on strong sales
The latest: Fruit distributor Chongqing Hongjiu Fruit Co. Ltd. (6689.HK) announced Monday its revenue rose 26.4% year-on-year to 13.43 billion yuan ($1.84 billion) in the first three quarters of 2023, while its net profit…
