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Shandong Molong Petroleum Machinery controversies

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

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  1. 2017

    Penalized for Financial Window Dressing and Insider Selling; Actual Controller Fined and Confiscated About RMB 120 Million

    In 2017, regulators separately took enforcement action against Shandong Molong for window dressing its financials and failing to timely fulfill information disclosure obligations, and against its actual controller for insider trading. Those responsible were penalized, and the actual controller was fined and had about RMB 120 million confiscated. The entry distinguishes the listed company's violations from the controller's responsibility for share reductions.

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