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Huitian New Material

Controversies

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

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  1. 2019

    Hubei CSRC Warns Major Shareholder and Director Over Improper Share Reductions

    After Huitian New Material shareholder Cao Hongjun reduced holdings by 8.5 million shares and reached the disclosure threshold, he failed to report and announce in accordance with law and stop trading; director Liu Peng failed to pre-disclose a reduction plan before reducing 10,000 shares (claiming a family member made an erroneous operation); in August 2019, the Hubei CSRC issued warning letters to each and recorded them in the credit integrity file. Warning letters.

    Source