videogametable| Shanghai Meilin plans to change its name to Bright Meat Industry
editor 2024-05-24 06:52:28 Nature 22
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On the evening of May 22, Shanghai Meilin (SH600073, stock price of 6videogametable. 40 yuan, with a market value of 6 billion yuan) issued an announcement, planning to change the company name from "Shanghai Meilin Zhengguanghe Co., Ltd." to "Shanghai Guangming Meat Industry Group Co., Ltd." and change the company's securities abbreviation from "Shanghai Meilin" to "Guangming Meat Industry".
At the 23rd meeting of the 9th Board of Directors held on the same day, the "Proposal on Changing the Company's Name and Securities Short Name" was unanimously approved. This means that if the proposal is also reviewed and approved at the extraordinary shareholders 'meeting held on June 7, the securities abbreviation of Shanghai Meilin will officially withdraw from the historical stage.
On the evening of May 22, Shanghai Meilin's Secretary of the Board of Directors responded to the reporter of "Daily Economic News" via WeChat. The company's name change was mainly due to the consideration of focusing on its main business of meat, but the company currently has no plans to divest its business other than meat.
Regarding this name change, Shanghai Meilin stated in the announcement that it is mainly to more comprehensively reflect the company's industrial layout and actual situation, accurately reflect the company's future strategic development direction, facilitate group management and refined management, and further leverage the company's brand effect and brand advantages.
On the evening of May 22, the representative of Shanghai Meilin Securities further introduced to reporters,"Shanghai Meilin is a canning brand and cannot cover the company's other meat brands and products. The subsequent development was mainly based on the meat industry and promoted the meat industry Integrated development, so Guangming Meat Industry more comprehensively reflects the company's main business and strategic development direction, which is better for giving full play to the brand effect. As for snack food, there is no plan to divest."
From Shanghai Meilin's financial reports in recent years, we can see the changes in the company's various businesses. Among the company's total annual revenue of more than 20 billion yuan, Shanghai Meilin and Zhengguanghe brands have contributed very little. It is worth noting that in the first quarter of this year, Shanghai Meilin meat food revenue accounted for more than 80%.