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Zhumadian Huanle Aijia Supermarket stores are empty, depositors chase and block person-in-charge Wang Haizhou to demand payment

10.27 ·Reported ·Importance III ·Sources 1 ·Zhumadian, Henan

October 27, follow-up on the illegal fundraising incident involving the "Tianzhongxing Card" at Huanle Aijia Supermarket in Zhumadian, Henan: stores are deserted, shelves are basically cleared, and multiple depositors seeking rights defense chased and attempted to intercept the person-in-charge Wang Haizhou, shouting demands for the immediate repayment of their hard-earned money.

Zhumadian depositors gather in the rain at the municipal petition office to defend their rights

09.19 ·Reported ·Importance III ·Sources 1 ·Zhumadian

On September 18, a large number of depositors in Zhumadian, Henan Province, gathered in the rain outside the municipal petition office to defend their rights, after the company chairman Wang Haizhou failed to fulfill his promise to distribute living expenses before the Mid-Autumn Festival and National Day holidays. They chanted slogans demanding to "see the mayor" and called for government intervention to resolve the issue.

Zhumadian Huanle Aijia Supermarket Stored-Value Card Restriction Incident

09.16 ·Reported ·Importance II ·Sources 1 ·Zhumadian

On September 14, customers at the Huanle Aijia Supermarket in Zhumadian, Henan, protested over restrictions on the use of stored-value cards. Chairman Wang Haizhou appeared on-site, promising that the company's assets were sufficient to cover its debts and pledging to announce a solution by November 6.

Over 100 employees and investors surround chairman at Henan Zhumadian's Aijia Supermarket demanding return of funds

09.14 ·Reported ·Importance III ·Sources 1 ·Zhumadian

On September 14, more than 100 employees and fund contributors at Aijia Supermarket in Zhumadian, Henan, surrounded chairman Wang Haizhou to demand the return of their money, and clashed with police at the scene. The company had long encouraged employees to deposit their wages and savings into the so-called Tianzhong card; an economic crisis broke out in August, several supermarkets closed and cash withdrawals were suspended.

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