# Dongcai Technology
Latest news and articles about Dongcai Technology
Total: 2 articles found
Sichuan Probe of Veteran Tycoon Sends Three A‑Share Firms into Turmoil
Sichuan authorities have detained Xiong Haitao, the ultimate controller of three listed A‑share companies, prompting stock selloffs and reviving controversy over a disputed 2005 privatisation of Dongcai Technology's predecessor. The probe, led by the provincial supervision commission rather than the securities regulator, raises broader governance and contagion risks for Chinese markets and firms with opaque controlling‑shareholder structures.
Guangzhou Power Broker Arrested: Female Investor Who Built Control of Three Listed Firms Taken Into Custody, Clouding Corporate Empire
A high-profile Guangzhou investor, Xiong Haitao, who controls three A-share listed companies, has been detained and is under investigation, prompting simultaneous company disclosures and raising corporate-governance concerns. The arrest leaves ownership unsettled because a planned share transfer to a state-owned buyer is not yet registered, creating material uncertainty for the firms and their investors.