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Zheshang Zhongtuo

Controversies

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

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  1. Warned over non-compliant accounting for receivables impairment and debt assignment

    Zheshang Zhongtuo failed to make individual impairment provisions for customers whose credit risk had changed and handled the accounting for receivables assignment and reversal in a non-compliant manner, resulting in inaccurate financial information disclosure. The Zhejiang Securities Regulatory Bureau issued warning letters to the company and chairman Yuan Renjun and three others.

    Source