During the financial crisis, so many rumors around the big ceramics manufacturer in China.
New pearl ceramics stop around 30 production lines in July 2008, around 1800 to 2000 workers were forced to have a “ holiday ”. Even New Pearl Ceramics pay USD113/month during the “holiday”, but the workers don’t satisfy it. They gather and block up the factory' s door. And That news is reported by the local news paper. In the following date, so many rumors around New pearl.. Some said Mr Yedelin, the boss of New Pearl lose 44 million US dollar gambling in Macao, Some said New Pearl extend the payment terms for the raw material supplier. Some said Mr Yedelin have already transfer property to another company…. It seem New pearl ceramics will be bankrupt..
In 2009, New Pearl Ceramics have gotten through the downturn and manage to fund-raising in China stock market.
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