What’s new: Five people died and eight people were injured in a chemical fiber factory in the northern city of Jilin after a blackout caused by an electrical short circuit Saturday night stopped critical ventilation equipment from running inside a workshop.
Following the hour-long blackout, staff reentering the workshop inhaled toxic gases, according to an official local government statement on Sunday.
The ventilation system had been fixed and no toxic gases were detected around the factory the following day, according to the statement. The cause of the blackout and types of toxic gas emitted weren’t disclosed by local authorities.
What’s the background: The factory is owned by Shenzhen-listed Jilin Chemical Fiber Stock Co. Ltd. (000420. SZ) The company’s share price fell 2.15% on Monday to 2.28 yuan (35 U.S. cents).
Jilin Chemical said in a statement filed to the bourse on Monday that it had completed inspections of the other workshops in the factory, and that the accident had no major impact on company operations.
Contact reporter Lu Yutong (yutonglu@caixin.com) and editor Heather Mowbray (heathermowbray@caixin.com)
Follow the Chinese markets in real time with Caixin Global’s new stock database.
