HCR Co Ltd688500
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Chairman detained on suspicion of illegal disclosure, a regulatory/legal issue.
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HCR Co LtdHCR Chairman Zhao Long Detained on Suspicion of Illegal Disclosure
Regulation
Zhao Long, the actual controller, chairman, and general manager of HCR, has been criminally detained by the Haidian branch of the Beijing Public Security Bureau on suspicion of illegal disclosure and failure to disclose important information. The company stated that it has properly arranged related work and that daily operations are running normally. Zhao Long joined HCR in 2009 and currently serves as chairman and general manager, with an annual salary of 965,200 yuan in 2025. On July 17, HCR shares fell more than 10 percent intraday, closing at 34.33 yuan per share, with a total market value of 2.6 billion yuan.
HCR Co LtdChairman detained on suspicion of illegal disclosure, a regulatory/legal issue.