Sharp drop in Silver Base's revenue raises corporate governance issue
An analyst has questioned corporate governance at Silver Base after the company reported an unexpected sharp drop in interim revenue. The liquor distributor admitted that some managers had left the company and some mainland stores had closed. Silver Base's share price fell 4.9 per cent to close at HK$2.31 yesterday, while the shares of Kweichow Moutai, which produces the Moutai liquor, dropped 7.3 per cent to 200.19 yuan (HK$249.18) on the Shanghai stock exchange. Wuliangye Yibin, which makes Wu
Login to comment.