# State-Owned Enterprise
Latest news and articles about State-Owned Enterprise
Total: 2 articles found
Business
The 'Reverse Fraud' Scandal: Why a Chinese Industrial Giant Chose to Hide Its Profits
Shandong Zhanggu has been designated as an 'ST' stock after regulators discovered it fabricated expenses to understate its 2024 profits by 8.46 million yuan. The scandal emerged during a transition of power where state-owned entities took a 50% stake in the board, ending 30 years of family control.
NeMo2026年4月7日 17:58
#Shandong Zhanggu#Financial Fraud#A-shares
Business
A Bitter Aftertaste: The Fading Glory of China’s ‘National Toothpaste’ Giant
Liangmianzhen, a legendary Chinese toothpaste brand, has suspended trading amid a planned change in control following an 88% drop in annual profit. The company is struggling with mounting inventory and intense competition, marking a significant decline for a once-dominant national icon.
NeMo2026年3月27日 15:28
#Liangmianzhen#FMCG#Chinese Brands