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Amoi

Controversies

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

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  1. 2007

    Fined for inflated profits, 'mobile phone star' enters bankruptcy restructuring

    Amoi Electronics posted a huge loss of 800 million yuan in 2007 and was placed under ST status, then suspended from listing and entered bankruptcy restructuring in 2009; the CSRC found it had inflated profits by 40.77 million yuan and issued misleading annual reports. The company was fined 600,000 yuan and executives 100,000 yuan each, and Xiangyu later completed a backdoor listing.

    Source