Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Share transfer associated with divorce settlement
In June 2023, deputy General Manager Tang Zhuang transferred shares to his wife as part of a divorce settlement. The reported transfer value was CNY 3.4 billion, and the recipient's resulting stake exceeded 5%. She reportedly renounced voting and related rights. The event drew market attention and was followed by a fall in Maxscend's share price.