A video showing pigs eating a deceased pig on a farm in China went viral recently. Some of the pig farmers, working for a major Chinese financial group, said that the cannibalism occurred because of feed shortages. One expert believes that feed shortages are a reflection of bigger problems in China’s economy.
Since July 24, the video has been one of the most searched topics on Chinese social media, putting a spotlight on the listed company and a major pig farming company, Jiangxi Zhengbang Tech (whose subsidiary is Jiangxi Zhengbang Breeding Co.), that contracted the farmers to raise the pigs. Posts about the company have been circulating online, such as “the farmers’ pig feed supply was cut off,” “the chairman of Zhengbang was restricted from buying high-end products,” “the company’s fundraising was delayed,” and “the company’s court ordered total amount of compensation reached 100 million yuan (about $14.8 million),” etc.
