Less than three years after going public, hundreds of millions of yuan from Pawa Co., Ltd. were misappropriated by its actual controller.
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On September 7, ST Power (688184.SH) announced that one of its joint actual controllers and board member, Zhang Bao, had been arrested by the Zhuji City People’s Procuratorate on suspicion of embezzlement.
In response to this, ST Power confirmed to Xin Feng that Zhang Bao’s arrest was