Wang Minghui, chairman of Yunnan Baiyaoyuan, a well -known pharmaceutical company in China, Wang Minghui, former executives Wang Jin, Yin Pinyao and others reportedly taken away by the local disciplinary committee supervisory committee for the same matters.Yunnan Baiyao responded on Thursday (May 9) that no relevant information was known for the time being.Some insiders said that Wang Minghui was investigated or involved in the transfer of state -owned assets and causing the loss of state -owned assets when acquiring Bandung Holdings in Yunnan Baiyao.
Comprehensive economic observation newspaper, daily economic news and Red Star News reports, according to people familiar with the matter, the outbreak of the Yunnan Baiyao explosion, the former chairman Wang Minghui, the former chief operating officer and senior vice president Yin Pinyao, including Yin Pinyao,Once the executive, from the beginning of 2023 to the beginning of 2024, was taken away by the Disciplinary Commission and Supervisory Commission for investigation for the same matters.
Yunnan Baiyao responded on Thursday and did not know the relevant information for the time being.Later, some people from Yunnan Baiyao confirmed that Wang Minghui was indeed investigated and had a long time of investigation. The investigation or involving Yunnan Baiyao acquisition of Bandung Holdings.This incident is also the first acquisition case after the mixed reform of Yunnan Baiyao.
Reporting pointed out that Yunnan Baiyao explained the intention to "improving the level of internationalization and entering the industrial marijuana business" at that time.However, in fact, Bandung Holdings has been using debt as one of the main business, in recent years, the borrower's debt defaults have occurred, and in 2022, it has caused large impairment losses to Yunnan Baiyao.
Report also pointed out that from March last year to February this year, the senior executives surveyed in the aforementioned survey all resigned within a few months after the start of the new term."" ".
The official website of Yunnan Baiyao Company introduced that Yunnan Baiyao was created in 1902. It is "the brand, product and company name in one, and the industry is recognized as the most innovative representative in China."In the early 1970s, the Yunnan Baiyao Factory was established. In December 1993, it was listed on the Shenzhen Stock Exchange as the first share of the Yunnan Stock Exchange. From 2016 to 2019, the reform of mixed ownership and overall listing was completed.
Wang Minghui, born in 1962, is a person in Qujing Luo, Yunnan.He used to be the deputy manager of Dali Binchuan County Pharmaceutical Company, the deputy head of the Kunming Pharmaceutical Pharmaceutical Factory, the manager of the labor service company of the Kunming Pharmaceutical Factory, the deputy general manager of Kunming Berknon Pharmaceutical Co., Ltd.General manager, director and vice president of Kunming Pharmaceutical Co., Ltd., etc.
Wang Minghui was transferred from 1999 to Yunnan Baiyao. Under his leadership, Yunnan Baiyao has launched explosive products such as "medicine" creation and toothpaste.Essence
In 1999, Yunnan Baiyao's operating income of 241 million yuan (RMB, the same below, about 45 million yuan), net profit was 34 million yuan; in 2004, operating income was 1.832 billion yuan, net profit was 171 million yuanEssence
By 2022, Yunnan Baiyao's operating income reached 36.488 billion yuan, with net profit of 3.01 billion yuan.Compared with 2004 business income increased by nearly 19 times, and net profit increased by more than 16 times.
On November 7, 2022, Wang Minghui, the first meeting of the 10th board of directors of Baiyao in Yunnan, was re -elected as the chairman of the company. The term of office was three years, until November 2025.However, only 4 months after the start of the new term, that is, on March 7, 2023, Yunnan Baiyao announced that Wang Minghui "resigned from the chairman of the company's tenth board of directors, directors, board strategic committees and members of the company's tenth board of directors.And all the positions of its subsidiaries ".
After Wang Minghui left, Yunnan Baiyao continued to grow.Yunnan Baiyao's revenue last year was 39.11 billion yuan, an increase of 7.19%year -on -year; net profit was about 4.094 billion yuan, an increase of 36.41%year -on -year.
