September 9, 2026 Tech that matters — in two languages
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Tags: corporate governance

Jiefeng Power IPO: Dependence on Major Shareholders and Financial Risks Exposed
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Jiefeng Power IPO: Dependence on Major Shareholders and Financial Risks Exposed

Chinese auto parts maker Jiefeng Power applies for an IPO on the Beijing Stock Exchange. With 70% of sales reliant on its largest shareholder and customer, Chery Automobile, questions arise about its business independence. Amid high debt and liquidity shortages, the company’s large dividends highlight governance risks.

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