Smith Barney Dress Clarification To Make Account Of Allegations That The Resumption Of Trading Is Plunging.

A few days ago

Suspected of "financial fraud" of the cusp, the media questioned the company's 800 million inventory digestion suspected of false sales and artificially adjusted income inventory.

Although it was reported on the day of October 15th, Smith Barney wore all day suspension, and yesterday issued an urgent announcement to clarify the announcement, denying its financial fraud. However, the capital market did not buy its clarification announcement. Yesterday, when it resumed, the stock market suffered a huge sell-off. The rebound in the market was also unsuccessful. Finally, it fell to 6.48%, and volume also hit a new high this year.

According to media reports, at the end of last year, Smith Barney wore 2 billion 560 million yuan of inventory pressure.

A number of people familiar with the matter confirmed that in the first half of the year, the 800 million inventory of Mei Bang clothing was digested, suspected of false sales and artificially adjusted income.

"The news broke out during the order meeting, and highlighted the contradiction between Brand Company and franchisees."

Industry analysts believe that the current

The inventory pressure in the industry is too great. Brand Company should actively communicate with franchisees rather than arbitrarily let franchisees obey the interests or powers of the brand.

Yesterday, the United States pointed out that in the announcement, for the franchisee's booking quantity and spot supplement, the company only provided suggestions without mandatory provisions, determined by franchisees according to their own business conditions.

For the previous media reports, "suspected financial fraud", the United States pointed out in the announcement, this is extremely irresponsible distortion of speech, especially the report claimed that the United States for "whitewash" 2012 performance, the 2013 goods were sent to the franchisee ahead of time, that "the real situation is that the goods are still in the warehouse, and did not send to franchisees."

The United States said, in fact, the first in 2013.

It is impossible to carry out the ERP outgoing and affirming income, but it is impossible to exist the so-called "whitewash beautiful report bureau".