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WorldBrand.AI

C&D Inc.

Controversies

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

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  1. 2023

    Controversy over paper losses from acquisition of Red Star Macalline

    In 2023, Jianfa Shares acquired a 29.95% stake in Macalline for 6.286 billion yuan. Later, Macalline's 2022 financial report was penalized by the Ministry of Finance for asset accounting errors and retroactively corrected, casting doubt on the acquisition valuation. Macalline continued to lose money, and Jianfa faced an unrealized loss of about 2.5 billion yuan and suspended payment of the remaining balance. In 2025, Macalline founder Che Jianxing was placed under investigation and detained. Suspension of final payment.

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