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Zhejiang Dadongnan Group Co., Ltd.

Controversies

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

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  1. 2019

    Undisclosed Fund Occupation and Irregular Guarantees Bring Penalties; Father and Son Actual Controllers Banned from Market for 10 Years

    In May 2019, Dasoutheast and then chairman and general manager Huang Feigang were investigated by the CSRC on suspicion of information disclosure violations. The Zhejiang Securities Regulatory Bureau found that the company failed to disclose periodic reports on time and that controlling shareholder fund occupation, irregular guarantees, and joint loans were not disclosed. In December 2019, it ordered the company to correct, issued a warning, and fined it 600,000 yuan; the company was once subject to *ST. Fine; Huang Feigang and Huang Shuishou were banned from the securities market for 10 years.

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