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In Depth: The Battle for Control Over a Billion-Dollar Satellite Firm

By Shan Yuxiao and Kelly Wang
2025年03月28日 18:47
After years of struggle, the founders of Chengdu Corpro turned to the courts to wrest control from a tycoon linked to a jailed ex-Politburo member
Chengdu Corpro was listed on the Shenzhen Stock Exchange in August 2010. The firm is valued at around $1.6 billion. Photo: VCG

What happens when a Chinese company’s founders fall out with their powerful investor?

For the past more than six years, the founding team of Chengdu Corpro Technology Co. Ltd. (300101.SZ) has been pitted against the company’s biggest investor in a struggle for control of the billion-dollar Chinese satellite-equipment maker.

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