Home » Business » Controversial Incident: Tsingtao Brewery Scandal Causes Stock Price to Plunge

Controversial Incident: Tsingtao Brewery Scandal Causes Stock Price to Plunge

Many people need to go to the toilet after drinking a lot of beer. Unexpectedly, a worker from Tsingtao Brewery in China, who looked as if he was drunk even without drinking beer, actually urinated on the raw materials in the warehouse. Not only was the relevant footage captured, but it was also broadcast last Thursday (19th) leaked on the Internet, and the video immediately became a hot topic on the Internet after it was exposed. Yesterday, the stock market restarted after the weekend, and Tsingtao Beer’s stock price fell by 7.5%.

Videos and posts circulating on the Internet claimed that a worker urinated into the raw material warehouse at Tsingtao Brewery’s No. 3 Factory in Pingdu City, Shandong Province. Although the camera only captured the back of the worker at the time, a jet of water was clearly visible shooting out from between his legs. The scene was quite disgusting. It was only on the evening of Friday (20th) that Tsingtao Brewery issued an emergency statement in response to the incident, saying that the company attached great importance to the videos related to Tsingtao Brewery No. 3 that appeared online and had immediately reported the incident to the public security organs, who had intervened in the investigation.

The local market supervision bureau announced preliminary investigation results, stating that the venue in the video is not the Tsingtao Beer raw material warehouse rumored on the Internet, but the cargo compartment of a logistics transport vehicle; the person urinating in an open public place is a loader and unloader of an outsourced labor cooperation company. , not an employee of Tsingtao Beer. Some Chinese media reported that both the workers and the videographer had been arrested by the police, but netizens did not accept the explanation and thought it was an attempt to avoid the serious. Despite the regulatory bureau’s clarification, the stock market reopened yesterday (23rd). Tsingtao Beer’s share price plummeted 7.5%, and its market value evaporated by 8.307 billion yuan. Some Chinese media described this as “the most expensive pee in history.”

Source of information and pictures:SET

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2023-10-24 02:38:19
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