Xianglong celebrates the New Year and posts an article to win the award Anjing Food, once known as an unrivaled giant in the quick-frozen food industry, has recently made financial news headlines because executives have cashed out more than 6 billion yuan and plan to go to Hong Kong for a secondary listing. This series of actions caused an uproar in the A** field, and many investors felt angry and uneasy, believing that they had become unexplained victims. 
Since its successful listing on the main board of the Shanghai Stock Exchange in 2017, Anjing Foods has quickly become a star enterprise in the eyes of investors and consumers with its innovative products and excellent market performance in the frozen food industry. The financial report data for several consecutive years have shown the steady growth of the company's performance, which makes Yasui Foods stand out in the fiercely competitive food industry and has won the favor of both the market and capital. However, when the relevant data revealed that the company's executives had cashed out a staggering 6.3 billion yuan since its listing, the outside world's perception of the frozen food giant fluctuated violently. Speculation and doubts about the motives of Yasui Foods and its management began to circulate widely in the market, and the company, which was once regarded as a model for the industry, was suddenly given mixed scrutiny.
The controversy over the cash-out of executives did not subside, but heated up further with the news that Yasui Foods announced plans to go to Hong Kong for a secondary listing. This decision is interpreted by the market as a key step in the global strategic layout of Yasui Foods, aiming to use the international capital market to inject new vitality and capital into the company's long-term development. On the surface, this seems to be an ordinary capital operation, which is in line with the conventional path of an enterprise's international development. However, the news came shortly after Yasui Foods' share price experienced a sharp pullback from its all-time high, which made shareholders who were already skeptical of the executives' large-scale arbitrage behavior feel even more uneasy and dissatisfied. Many are beginning to question whether this means that there is not enough confidence in the future performance of the market, and whether the executives' arbitrage behavior and plans to go public in Hong Kong are aimed at maximizing the benefits of the stock price before it goes further.
For the majority of shareholders, their investment enthusiasm and confidence in Yasui Foods have suffered a serious blow because of this series of events. Witnessing the stock price falling from its peak, the shrinkage of their own investments, and the cash-out of the company's executives and the announcement of their plans to go public in Hong Kong, all these seemingly sudden changes have made them full of uncertainty and worries about the future development of Yasui Foods and their own investment returns. In this process, investors not only face actual economic losses, but also feel emotionally betrayed and disappointed, and this psychological gap is difficult to explain with simple market fluctuations.
According to public data, since 2018, the actual controller and executives of Anjing Foods have cashed out an astonishing 6.2 billion, which has caused widespread controversy in the capital market. On the one hand, the performance continues to be optimistic, and on the other hand, the executives frequently cash out, this contradictory phenomenon makes many investors begin to doubt the future development potential of Anjing Foods and the integrity of the company's management.
What's even more disturbing is that despite the positive financial report data, Yasui Food's share price has seen more than 70%** since 2021. This is undoubtedly a heavy blow to investors who firmly believe in Yasui's long-term development potential and patiently hold shares. And the executives' arbitrage behavior is seen as a betrayal of investor trust.
Although Yasui Foods explained that the listing in Hong Kong was to enhance its overseas financing capabilities and accelerate its international layout, this explanation did not calm the anger of investors. Many are beginning to wonder whether executive cash-outs and frequent fundraising are a sign of internal problems or a lack of confidence in the company's future.
In Yicai's view, in this stock price turmoil, Anjing Food is not only facing the loss of market confidence, but also a severe test of its long-term development strategy and corporate governance structure. For Yasui, how to find a balance between safeguarding the interests of shareholders and achieving the company's long-term goals will be an unavoidable challenge on its future development path.
What do you think of this series of operations of Yasui Foods? Do you think that the arbitrage behavior of its executives and the plan to go public in Hong Kong have affected your perception of the company? Feel free to share your views in the comments section.