China's top 500 companies, the first Chinese Chemical Company to enter the London market in the UK, have been hit by a major lawsuit, with 50m of their assets frozen, another 10bn-class chemical group in Shandong dragged down by the "guarantee circle" . Recently, Shandong Haike Chemical Industry Group Co. , Ltd. , hereinafter referred to as "Haike Group" , announced that the company is involved in a major lawsuit because of a dispute over a financial loan contract between Minsheng Bank Dongying Branch and Haike Group, the group's 52.47 million bank deposits or other assets of the same value were frozen. In addition, Dagong international recently "Shandong Haike Chemical Group Co. , Ltd. " long-term debt rating included in the rating observation. Involving Major Litigation announcement the haico group is deeply involved in litigation disputes, mainly because of the "mutual protection" issue between private enterprises in Shandong, and in 2018 it provided joint and several liability guarantee for Pengjie yarn-dyed fabric, an affiliate of the Dahai Group, but as we all know, Dahai Group has already filed for bankruptcy reorganization. According to public information, HSK group was established in 1988, and now has 18 subsidiaries, operating in more than 90 countries and employing about 4,000 people, in the global scope of professional services in petrochemical, new energy materials, nutrition and consumer chemistry, Semiconductor Chemistry and medicine and other fields. In February 2007, HSK became the first Chinese Chemical Company listed on the London Stock Exchange. Haike owns more than 10 subsidiary companies, including Shandong Oubo New Materials Co. , Ltd. , Dongying Haike Xinyuan Chemical Co. , Ltd. , Dongying Tiandong Pharmaceutical Co. , Ltd. , Dongying Hebang Chemical Co. , Ltd. , Zhenjiang Runjing high-purity Chemical Technology Co. , Ltd. , Anhui Xinheng New Materials Technology Co. , Ltd. , Korea PCT Co. , and in Singapore, Hong Kong, Shanghai set up International Trade Company. It has become one of the "Top 500 Chinese enterprises" , "top 500 Chinese manufacturing enterprises" and "top 100 Sinopec Enterprises" , is the "National High-tech Enterprises" , the State Ministry of Industry and Information "smart manufacturing pilot demonstration" , "Shandong enterprises cloud benchmarking enterprises" , "2018 Chinese lithium battery auxiliary materials top ten brands, " Incorporated in the World Economic Forum (Davos)"global growth companies. ". Haike group ranks 290th on the "Top 500 Chinese companies" list
