# China corporate governance
Latest news and articles about China corporate governance
Total: 2 articles found
Chinese Molecular‑Diagnostics Firm Faces Legal Blow as Controlling Siblings Indicted for Fraud
Rui'ang Gene, a Shanghai‑listed molecular diagnostics company, announced that its controlling siblings, former chair Xiong Hui and controller Xiong Jun, have been indicted on fraud charges. The company forecast a sizeable revenue drop and a net loss for 2025, while stressing that management and operations remain in place despite the criminal proceedings.
China’s ‘High‑End’ Furniture Star Faces Cash Crunch as Staff Are Forced to Sell Stock to Recover Wages
Meike Home Furnishings, a listed leader in China’s high‑end furniture market (600337.SH), has been accused of withholding months of employee wages and directing staff to sell company products to offset pay arrears. The revelations come as Meike posts continued losses, suspends two Tianjin subsidiaries, and pursues a controversial acquisition of a high‑speed cable maker as part of a strategic pivot into tech.