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Shanghai Oriental Pearl Media

Controversies

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

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  1. 2016

    SSE regulatory attention and Shanghai CSRC warning for information disclosure violations

    During 2016–2017, Oriental Pearl New Media was subject to regulatory measures by the Shanghai Stock Exchange and issued a warning by the Shanghai Securities Regulatory Bureau for untimely or inaccurate disclosure of related-party transactions, entrusted wealth management, and financial data; the then company secretary and chief financial officer were named responsible persons. During the same period, a partner of subsidiary International Advertising was suspected of contract fraud, and the company made about RMB 681 million in impairment provisions. Relevant responsible persons received regulatory measures, and the company made large impairment provisions and strengthened internal controls.

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