TAIER HEAVY INDUSTRY's controlling shareholder and actual controller, Tai Zhengbiao, has been detained and placed under investigation
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According to the Zhitong Finance APP, TAIER HEAVY INDUSTRY announced that the company recently received a detention notice and case filing notice issued by the Jianli City Supervisory Committee, which was transferred from the family of the company's controlling shareholder and actual controller, Mr. Tai Zhengbiao. As of the date of this announcement, Mr. Tai Zhengbiao serves as the honorary chairman of the company, does not assume or perform the duties of a director, and does not hold any other positions in the company
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