After Grilling Over Low Share Prices, Executive Goes on Pilgrimage to Pray for Investors at Shrine

Yicai

2017-05-20

(Yicai Global) May 19 -- Shares in energy conservation technology firm Guangzhou Goaland Energy Conservation Technology Co. [SHE:300499] have been waning since March.

When quizzed about low stock prices, the company’s executive said the company cannot control its share price performance in the secondary market and said he planned to visit a famous temple to pray for investors.

In an investor meeting with Guangdong-based listed companies held by securities regulators this week, Lu Hong, board secretary of Goaland, said his company cannot control the movement of share prices in the secondary market and can only focus on growing its business to improve earnings, adding that he planned to visit Mount Putuo to pray for investors, P5w.net, an online media outlet focusing on securities, reported today.

Located on the island of Zhoushan in southeastern Zhejiang province, Mount Putuo is a well-known Buddhist sanctuary.

Lu later shared his photo at Fayu Temple on Mount Putuo on his social media account, with a caption that reads “What I say I will do, I do. I’ve come here to pray for investors using my own money and I hope that Goaland will enjoy booming business,” media reported.

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