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Shanxi Taigang Stainless Steel Co., Ltd.

Controversies

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

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  1. 2020

    TISCO Group deputy GM Chai Zhiyong fined by Shanxi securities regulator for leaking restructuring insider information

    The administrative penalty decision of the Shanxi Securities Regulatory Bureau showed that Chai Zhiyong, director and deputy general manager of TISCO Group, leaked information before the public disclosure of insider information related to the major asset restructuring of "TISCO Stainless," and Li Jianying traded TISCO Stainless shares based on it. Chai Zhiyong was fined 500,000 yuan, and Li Jianying was fined 700,000 yuan; Wu Xiaoli was separately fined 500,000 yuan for leaking insider information. Impact and handling: the incident involved insider information management against the background of the restructuring between TISCO Stainless and China Baowu. Progress: administrative penalty. Subjects: Chai Zhiyong (then director and deputy general manager of Taiyuan Iron & Steel (Group) Co., Ltd.), Li Jianying. Related scope: TISCO Group executives personally and TISCO Stainless stock trading.

    Source

  2. 2015

    TISCO Stainless fined 1.65 million yuan under Shanxi's first daily penalty for abnormal environmental facilities, dust pollution

    In 2015, Taiyuan environmental protection authorities found that Taiyuan Iron & Steel Stainless Steel Co., Ltd. had abnormal operation of environmental protection facilities and problems of dust and fugitive dust pollution. After being ordered to correct, a re-inspection found that gate guards refused to allow inspectors to enter, and the illegal acts continued. Based on the new Environmental Protection Law, the environmental protection authorities imposed a continuous daily penalty for 11 days, with a fine of 1.65 million yuan. This was the first daily penalty ticket issued in Shanxi Province. Progress: administrative penalty. Subject: Shanxi Taigang Stainless Steel Co., Ltd. Related scope: TISCO Stainless Steel's Taiyuan plant.

    Source