Management | Yang Ziman

How much is an apology worth? Ge Wenyao, chairman of Shanghai Jahwa United Co, just paid more than 300 million yuan ($50 million) to make one.

It was an expensive lesson for not only Shanghai Jahwa United, a leading Chinese personal care product maker listed on the Shanghai Stock Exchange. It was also a lesson for all who have an interest or are keen to take an interest in the Chinese capital market. The market is still digesting the lesson.