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Shantui

Controversies

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

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  1. 2022

    Shantui Shares Advances Funds for Controlling Shareholder Affiliate, Constituting Non-Operational Fund Occupation; Receives Shenzhen Stock Exchange Regulatory Letter

    The Shenzhen Stock Exchange found that Shantui Construction Machinery Co., Ltd. advanced RMB 5.705 million for Shandong Shantui Machinery Co., Ltd., an affiliate of the controlling shareholder, constituting non-operational fund occupation by a controlling shareholder affiliate, and that the company failed to timely perform its information disclosure obligations. The principal and interest of the relevant funds were returned on March 31, 2022. Impact and handling: on April 12, 2022, the Shenzhen Stock Exchange issued regulatory letters to Shantui Shares and Shantui Machinery, requiring them to learn lessons and prevent recurrence. Previously, in November 2020, the company had also received a warning letter from the Shandong Securities Regulatory Bureau and was recorded in its integrity archive. Progress: regulatory measures. Entities involved: Shantui Construction Machinery Co., Ltd. and Shandong Shantui Machinery Co., Ltd. Related scope: information disclosure and fund transactions at the listed company level of Shantui Shares.

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