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Yizheng Chemical Fibre

Controversies

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

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  1. 2013

    Yizheng Chemical Fibre Plunges 42.74% After Share Reform Resumption; Turnaround Promise Falls Through

    After completing its split-share structure reform in 2013, Yizheng Chemical Fibre resumed trading; on August 20, its A-shares fell 42.74% in a single day. Investors said they regretted voting in favor and questioned whether the consideration was insufficient; the company subsequently raised its capital reserve conversion plan from a 4-for-10 conversion to a 5-for-10 conversion. The company had previously promised to turn around, but with an expected loss of about RMB 1.4 billion it faced being ST. Status: media report. Entity involved: Sinopec Yizheng Chemical Fibre Co., Ltd. Scope: Yizheng Chemical Fibre's share reform and performance commitment.

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