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Controversies

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

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  1. 2019

    Regulatory letter over misuse of raised funds; RMB 100 million investment unpaid draws SZSE scrutiny

    In July 2019 Changsheng Bearing received a regulatory letter from the Shenzhen Stock Exchange for violations in the use of raised funds. In March 2023, the partnership in which it invested RMB 100 million, Chengdu Cen Hongyi, could not repay principal and returns, and its business registration did not match the company's disclosure. The Shenzhen Stock Exchange issued a letter of concern asking about the equity structure, losses and truthfulness of information disclosure. The actual controller paid out of his own pocket to cover the losses. Regulatory letter, letter of concern.

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