May 25, 2016 07:05 PM

Police Seize Official Seals of Troubled Sportswear Manufacturer

By staff reporter Sun Wenjing

Wei Qinghua

Wei Qinghua

(Beijing) – Police confiscated company seals of a debt-riddled sports apparel maker that had failed to pay its employees for over three months, the company said.

Kolumb Outdoor Equipment Co. Ltd. in Fuzhou, in the eastern province of Fujian, said in a statement on May 23 that police took the chops that belong to the company and its subsidiary that are necessary to authorize all business dealings.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR