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Wanfeng Auto Holding Group

Controversies

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

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  1. 2020

    Occupation of listed company funds of 1.1 billion yuan and irregular guarantees lead to warning

    Wanfeng Auto Holding Group and actual controller Chen Ailian occupied about 1.121 billion yuan of funds of its listed company Wanfeng Auto, and there were irregular guarantees and undisclosed related-party transactions; affiliated Wanfeng Jinyuan was also given a regulatory warning over irregular guarantees at Changchun Jingkai. The Zhejiang Securities Regulatory Bureau issued warning letters to Wanfeng Auto, Chen Ailian and four others, and Wanfeng Auto Group; the Shenzhen Stock Exchange issued a notice of criticism.

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