Recent events
Recent events tied to this brand in public sources.
Back to profile4 entries
2021
Court orders Changyuan Group to compensate investors
The Shenzhen Intermediate People's Court issued a first-instance judgment ordering Changyuan Group to pay 41 investors a total of 53.1701 million yuan in compensation in securities misrepresentation litigation. The judgment also rejected the investors' other claims.
2021
Investors file securities misrepresentation lawsuits against Changyuan Group
Changyuan Group received court materials for civil lawsuits brought by 131 investors alleging securities misrepresentation, seeking about RMB 59.4 million in total. The cases were at the case-acceptance stage. The article also reports that the Shenzhen securities regulator had previously found false financial reporting at Changyuan Group's subsidiary, Changyuan Heying.
2020
Wolong Materials alleges Changyuan Group bypassed its purchase rights
Wolong Materials said Changyuan Group's sale of its 100% stake in Dongguan Kangye was effectively a sale of land and factory buildings and alleged that Changyuan failed to honor Wolong's preemptive purchase right. Changyuan said it was selling the equity, not the leased property, and that the tenant's statutory preemptive-purchase rules did not apply to the transaction.
2019
Changyuan Group proposes sale of battery-pack assets
Changyuan Group proposed selling battery-pack assets held by its subsidiary Changyuan Shenrui to Dongguan Shengan New Energy Technology Co., Ltd. for RMB 18.05 million; the proposal was to be discussed at an extraordinary shareholders’ meeting scheduled for October 8, 2019.