Shandong Weiqiao Pioneering Group
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2017
Named by Central Environmental Inspection for Illegally Building 45 Coal-Fired Units
The Central Environmental Inspection found that Weiqiao had since 2013 illegally built 45 coal-fired self-supplied units, had about 2.68 million tonnes of illegal electrolytic aluminum capacity, and illegally buried hazardous waste; in 2017 it shut down 2.692 million tonnes of electrolytic aluminum capacity. Capacity was shut down and rectification was carried out.
2017
China Hongqiao Targeted by Short Seller
In 2017, China Hongqiao, a Hong Kong-listed company under Weiqiao, was targeted by Emerson Analytics, which alleged it concealed costs and overstated profits; its shares plunged and trading was suspended, delaying its results announcement. The company said the report was seriously misleading. Trading was suspended and the company clarified.