Want Want China Hldgs (OTC:WWNTF) Stock, Quote.Headers.trade-ideas

Want Want is leading player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective segments. With a primary focus in mainland China, the company also exports to overseas markets. As at March 2021, Want Want China had 422 sales offices, 35 production bases and 81 factories on the Chinese mainland and worked with around 9,000 distributors.

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Report: Mattel CFO Nearly Duped Out Of $3.2 Million In China

WANT WANT CHINA HLDGS ORD by Want Want China Holdings Ltd

Want Want China Holdings Ltd

Mattel, Inc. (NASDAQ: <a class="ticker" href="/stock/mat#NASDAQ">MAT</a>)&#39;s Chief Financial Officer Kevin M. Farr nearly fell victim to a $3.2 million email scam, according to an unconfirmed report in <a href="http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150506000046&amp;cid=1303">WantChina Times</a>.

	The Internet site, a unit of Taiwanese conglomerate Want Want Holdings Ltd (OTC: <a class="ticker" href="/stock/wwntf#OTC">WWNTF</a>), said Farr erroneously tried to wire the money to an account in a bank in Wenzhou in eastern China&#39;s Zhejiang province.

	Farr believed the money had been requested for an acquisition by Mattel&#39;s Chief Executive Christopher A. Sinclair, according to the report, which cited an article in the state-owned Wenzhou Daily newspaper.

	An unidentified employee of the Bank of Wenzhou told the newspaper that it complied with representatives of Mattel to freeze the account, and that the money hadn&#39;t been transferred, according to the report.

	Police in Luchen district have confirmed a related investigation according to the newspaper, which apparently hasn&#39;t sought comment from Mattel.

	Shares of Mattel traded recently at $27.11, down 1.8 percent.

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