Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Shenzhen Stock Exchange issues regulatory letter over 190 million yuan financial assistance provided without review or disclosure
From October 2020 to August 2022, Beidou Xingtong provided a total of about 190 million yuan in financial assistance and extensions to its shareholding companies Beidou Zhilian and Yuantec without carrying out board review procedures and information disclosure obligations as required, and received a regulatory letter from the Shenzhen Stock Exchange; in 2023, its sale of Beidou Zhilian equity was again questioned over the fairness of pricing and whether it harmed the interests of the listed company. Regulatory letter.