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CSG Holding

Controversies

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

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  1. 2016

    Seven executives resign en masse after Baoneng takes over CSG A; regulators issue repeated letters of concern

    In November 2016, after Baoneng became the largest shareholder of CSG A and reshuffled the board, Chairman Zeng Nan, President Wu Guobin and seven senior executives resigned en masse. The board secretary and two independent directors subsequently resigned. Management was alleged to have been "forced out." The Shenzhen Securities Regulatory Bureau issued a regulatory attention letter, and the Shenzhen Stock Exchange issued multiple letters of concern requiring checks into the equity incentive dispute, the departure of core technical personnel and other issues. Regulatory attention; the company denied forcing out the founders.

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