Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Investors file securities misrepresentation lawsuits against Changyuan Group
Lawsuit filed
Changyuan Group received court materials for civil lawsuits brought by 131 investors alleging securities misrepresentation, seeking about RMB 59.4 million in total. The cases were at the case-acceptance stage. The article also reports that the Shenzhen securities regulator had previously found false financial reporting at Changyuan Group's subsidiary, Changyuan Heying.
Source excerpt
长园集团收到深圳中院送达的诉讼材料，131名投资者以证券虚假陈述责任纠纷为由对公司提请民事诉讼，涉案金额合计约为5940.09万元
经查，长园和鹰通过虚构海外销售、提前确认收入、重复确认收入、签订“阴阳合同”、项目核算不符合会计准则等多种方式虚增业绩，导致长园集团2016年、2017年年度报告中披露的财务数据存在虚假记载。
以上案件尚处于立案受理阶段。
2021
Court orders Changyuan Group to compensate investors
Ruling
The Shenzhen Intermediate People's Court issued a first-instance judgment ordering Changyuan Group to pay 41 investors a total of 53.1701 million yuan in compensation in securities misrepresentation litigation. The judgment also rejected the investors' other claims.
Source excerpt
2021年12月10日晚，备受关注的417名投资者诉长园科技集团股份有限公司（代码：600525 股票简称：长园集团）证券虚假陈述责任纠纷案传来捷报，深圳中院一审判决情况如下：1、长园集团应于判决生效之日起十日内向原告支付赔偿款合计 5317.01 万元；案件受理费由各原告预交，由各原告和被告按比例负担，公司应负担诉讼费合计 69.86 万元。2、驳回各原告的其他诉讼请求。
2020
Wolong Materials alleges Changyuan Group bypassed its purchase rights
Issue disclosure
Wolong Materials said Changyuan Group's sale of its 100% stake in Dongguan Kangye was effectively a sale of land and factory buildings and alleged that Changyuan failed to honor Wolong's preemptive purchase right. Changyuan said it was selling the equity, not the leased property, and that the tenant's statutory preemptive-purchase rules did not apply to the transaction.
Source excerpt
长园集团则在公告中称，《股权转让协议》的内容是长园集团出售东莞康100%股权，而非东莞康业出售租赁房屋，不属于适用《中华人民共和国合同法》规定的承租人优先购买权情形。
9月1日，沃尔核材发布公告称，此次长园集团出售东莞康业100%股权，实质就是出售东莞康业的土地和房产。根据双方早前约定，若长园集团出售土地和厂房，沃尔核材有优先购买权，但是长园集团并未通知沃尔核材行使优先购买权。