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Zhongheng Group

Controversies

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

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  1. 2015

    Former Chairman Xu Shuqing sentenced to 17 years for embezzlement and corporate bribery

    In August 2015, Zhongheng Group Chairman Xu Shuqing was placed under investigation on suspicion of corporate bribery; reports said she had close ties with Yu Yuanhui, former secretary of the Nanning Municipal Party Committee, who had been removed from office. In December 2020, the final ruling found her guilty of embezzlement, misappropriation of funds, and corporate bribery, and she was sentenced to 17 years in prison; about 787 million yuan in related state-owned equity gains were recovered, and she was ordered to return about 114.6 million yuan to Wuzhou Pharmaceutical.

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