Livestock Muyuan’s Credit Default Sends Shockwave Through Industry Based on recent reports from the Shanghai Commercial Paper Exchange (SHCPE), more than 30 of Muyuan’s subsidiaries have defaulted on their commercial paper obligations. The SHCPE, which is a national platform for the exchange of corporate issued notes and bonds under the supervision of the People’s Bank of China, indicated the value of the defaults exceeds $2.6 million in U.S. dollars. The share price of Muyuan fell by 10 percent yesterday, reaching the daily limit on Shenzhen Exchange, while other publicly listed domestic hog companies also saw significant price drops in their share prices. Market analysts have had doubts concerning Muyuan’s finan...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.