Zhangzidao Tries to Explain its Scandals but May Have Failed to be Convincing
Zhangzidao, a controversial aquatic company in China, has hit the headlines several times with its scandals. Some of its common shareholders have even gone to court and sued the company for fraud. However, in a recent interview, Wu Hougang, its chairman, denied public accusations, and complained that it is unfair for Zhangzidao to get nothing but blame in the midst of catastrophes.
Regarding its repeated high mortality rates of scallops, Hougang explained that an investigation of the government’s expert team shows that they...
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