Affected By The Footwear Industry, The German Dream Of The German Exchange Has Broken.

"The story of a Chinese enterprise owner's" absconding "has a sequel. According to German media reports, the Chinese boss, who was listed on the German shoe company in Germany, appeared again in China after many days of disappearance.

In September 16th, nearly 80% of the shares fell, and nearly 150% gained in September 22nd.

Headquarters in Cologne, Germany, said in a statement on September 16th that the chief executive officer, Wu Qingyong, and chief operating officer, Wu Minghong, "ran away from home and could not be contacted".

The accounting department also found that most of the cash in the mainland and Hongkong had been pferred and "no longer in the company's influence".

When investors demanded compensation, Wu Qingyong reappeared in September 21st.

In the media video interview, he denied that he absconded with his money. He said he took his grandson to Hongkong for a trip. He dropped in to see a doctor in Philippines and lost his cell phone.

"Rumor said that I had brought in more than a billion, and there was no such thing.

The company's financial position is still normal.

Wu Qingyong's appearance immediately aroused the concern of German shareholders.

Suo Li Footwear Industry doubled its share price in September 22nd to around 2.47 euros, while its share price dropped to nearly 1 euros in September 19th.

Previously, many German shareholders said "no longer buy Chinese shares".

German financial network commented, "now the company is likely to escape bankruptcy."

Recently, "farce continues", German television commented that cable is still taking risks.

This is the third "missing" scandal in Chinese enterprises listed in Germany in just a few months.

The Reuters commented in September 22nd that the German Stock Exchange began attracting large numbers of Chinese companies to market 8 years ago.

Such a giant enterprise, but its "Chinese dream" has become a nightmare.

A total of 25 Chinese companies are listed on the market, most of which have legal liabilities in Germany, but the capital and main businesses of these enterprises are basically offshore and are governed by different legal systems.

Many analysts in Germany believe that when the German exchange tried to win the listing of Chinese companies, there was no comprehensive assessment of risks.

It is alleged that the German Stock Exchange decided in the summer of 2013 that it was no longer active in recruiting Chinese listed companies for reasons of enterprise management.

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In September 26, 2014, China's brand clothing network reporter recently learned from relevant media reports that Wu Qingyong, chairman of Fujian Suo Li shoes industry company (hereinafter referred to as: Cable shoes), admitted in an interview that Lu Yida's deputy secretary general Lu Yida said that there was a problem in the chain of cable shoes.

But yesterday, Wu Qingyong said in an interview, "he is deaf in one ear, coupled with the recent events that have left him in a terrible state." when he was asked to confirm the matter, he did not hear it clearly and admitted it.

Wu Qingyong stressed: "although there is pressure on the capital chain of cable, there is no big problem. The existing capital is enough for the normal operation of the company.

In addition, the company is actively striving for private financing and bank loans, but it will take some time.

Next week, I will hold a news conference in Xiamen to announce the preliminary findings of the "lost contact" incident and the recent business situation.

Wu Qingyong disclosed that he was actively recovering the enterprise's production and sort out the next development plan of the enterprise.

These will be further explained to the outside world at the press conference next week.