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Acer Clarifies Non-Involvement in Zhaoji Property Management Scandal

Finance · Real Estate Development · economic_daily · 2026-09-10

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Acer has issued a statement confirming it is not involved in the embezzlement investigation surrounding Zhaoji Property Management, where it holds a 17% stake.

What Happened

Zhaoji Property Management Scandal: Zhaoji Property Management, a leader in the rental management sector, is currently under investigation for alleged embezzlement and asset stripping by senior executives. Acer, a major shareholder, issued a formal announcement on the 10th clarifying that it is not involved in the ongoing legal investigation.

Acer's Stance and Investment: Acer holds approximately 17% of Zhaoji and maintains one board seat. Chairman Jason Chen stated that the company respects the judicial process and supports current Chairman Wang Gui-zeng in stabilizing internal operations and managing banking relationships.

Prioritizing Stakeholder Interests: Chen emphasized that Zhaoji's operations impact over 20,000 tenants and thousands of landlords, making stability a social priority. Acer intends to support efforts to keep the company running smoothly to protect the interests of all stakeholders involved.

Risk Management: Acer has reiterated its commitment to corporate governance and risk management in response to the controversy. The company continues to monitor the situation closely to ensure its investment remains secure and that it fulfills its obligations to its own shareholders.

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