What happened to Guangrao Zhenghe Group?

Guangrao Zhenghe Group involves many risks and disputes. According to the relevant information, there were 4 sales contract disputes in 2022. Zhenghe Group Co., Ltd. (formerly Shandong Zhenghe Chemical Group Co., Ltd.), founded in 1994, is a subsidiary of China Sinochem Holdings, located in Dongying City, Shandong Province, and is an enterprise mainly engaged in manufacturing chemical raw materials and chemical products.