# Fuchun Holdings
Latest news and articles about Fuchun Holdings
Total: 2 articles found
400‑Year‑Old Knife‑and‑Scissors Maker Loses Majority After Debt‑Driven Share Auction
Zhang Xiaoquan, a 400‑year‑old knife‑and‑scissors maker listed in 2021, has seen its largest shareholder position change hands after judicial auctions triggered by its controlling group’s debt crisis. The company now lacks a controlling shareholder, faces concentrated revenue risk and governance uncertainty, even as a new investor with e‑commerce credentials forecasts a sizeable profit rebound for 2025.
A Broken Handle, a Firedrill and a Nearly ¥6bn Hangover: How Zhang Xiaoquan’s Quality Scandal Exposed a Deeper Corporate Crisis
A viral video showing a Zhang Xiaoquan kitchen scissor handle snapping has reopened scrutiny of the century‑old brand, exposing product‑quality issues and weak customer service. The crisis comes amid a far larger financial implosion: the controlling shareholder’s aggressive expansion and cross‑guarantees have left Zhang Xiaoquan enveloped in nearly ¥6bn of risk, prompting judicial restructuring and asset auctions.