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Ganfeng Recycling

Controversies

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

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  1. 2014

    Warning for disclosure violations; subsidiary Meibai Electronics fined over fire and explosion; insider trading in *ST Jiangte penalized

    In 2014, Ganfeng Lithium was issued a warning letter by the Jiangxi Securities Regulatory Bureau and criticized by the Shenzhen Stock Exchange for non-standard insider information registration, a stock price abnormality announcement inconsistent with facts, and incomplete suspension disclosure. In July 2016, a fire and explosion occurred in the aging workshop of its wholly owned subsidiary Meibai Electronics; its warehouse had also caught fire previously. Meibai Electronics was fined RMB 220,000, and its legal representative Li Wanchun was fined RMB 90,000. In 2024, the company was ordered to confiscate illegal gains of RMB 1.1053 million and was fined RMB 3.3159 million for insider trading in *ST Jiangte shares. Impact and handling: warning letter, fine, confiscation of illegal gains. Status: administrative penalty. Involved entity: Ganfeng Recycling.

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