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Chunlan Group

Controversies

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

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  1. 2008

    Chunlan shares suspended from listing after three consecutive years of losses

    Former air-conditioning leader Chunlan fell into losses due to failed diversification, improper channel policies, hindered restructuring and other problems; in 2008 it was suspended from listing by the Shanghai Stock Exchange for three consecutive years of losses, and its share price shrank tenfold over ten years. During this period there were rumors that chairman Tao Jianxing was placed under "shuanggui," which the company denied. It resumed listing in 2009, but its brand status declined sharply.

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