Skip to content
WorldBrand.AI

Shanshan

Controversies

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

Back to profile1 entries

  1. 2023

    After Zheng Yonggang's death, family fights over estate; Shanshan Group changes hands to Anhui state capital after bankruptcy reorganization

    In 2023 founder Zheng Yonggang died suddenly without leaving a will, and his son Zheng Ju and widow Zhou Ting had a long-running dispute over control of Shanshan and inheritance; Zhou Ting once applied to freeze 51% equity of Ningbo Qinggang. The controlling shareholder Shanshan Group then fell into a debt crisis, and in 2025 it and Pengze Trading entered substantive consolidated reorganization; the first reorganization plan was rejected by creditors. Anhui state-owned Wanwei Group took over for about RMB 7.1 billion; in July 2026 the board of Shanshan Co. completed a reshuffle, the actual controller changed to the Anhui Provincial SASAC, and the Zheng family exited.

    Source