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Chenming Paper

Controversies

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

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  1. 2024

    RMB 1.8 billion debt overdue; more than 70% of capacity halted

    In November 2024, Chenming Paper announced that RMB 1.820 billion in debt principal and interest was overdue, 65 bank accounts were frozen, more than 70% of capacity (7.03 million tonnes) was halted or restricted, the chairman and his wife resigned, and more than 100,000 investors were hit. Executives later received a warning letter from the Shandong Securities Regulatory Bureau for failing to disclose related-party loans.

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