Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2024
Jialichuang IPO Questioned Over Big Dividends Before Huge Fundraising, Fake Orders and Subsidiary Enforcement
During Jialichuang’s IPO, it was questioned over internal-control issues including personal accounts collecting payments, fund lending between related parties and fake orders, as well as the reasonableness of raising large sums after paying more than RMB 600 million in dividends before listing; it later cut the fundraising amount by nearly 40%; a subsidiary was subject to enforcement of about RMB 26.4 million over guaranteed debt. The IPO was once suspended.