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China Metallurgical Group Corporation

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2007

    Irregular acquisition of Hengtong caused major state-owned asset losses

    MCC Group's 2007 irregular acquisition of Tangshan Hengtong caused major losses of state-owned assets; in 2017 SASAC notified that former chairman Yang Changheng and others were expelled from the Party; it also had huge impairment losses on projects including Huludao Nonferrous and Australia's Sino Iron; in 2024 former president Zhang Mengxing was investigated five months after retirement. Expelled from the Party and transferred to judicial authorities.

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