TAGEN GROUP(SZ:000090) Nan Fang Du Shi Bao·2025-06-09 10:11Core Viewpoint - Shenzhen Tianjian Third Construction Engineering Co., Ltd. has been placed on the "blacklist" for construction projects in the Bantian Street area of Longgang District due to multiple labor disputes and failure to complete settlement work on time [2][5]. Group 1: Company Performance and Issues - The company is responsible for several safety rectification projects in urban villages, with completion deadlines set for May 8, 2024, and July 31, 2024 [4]. - Despite the completion of the projects, the company has not submitted the final settlement documents as required by the contract, leading to unresolved labor disputes [4][5]. - The company has been repeatedly urged by local authorities to resolve these issues, but no substantial progress has been made [5]. Group 2: Regulatory and Compliance Framework - According to the "Interim Measures for the Management of Wage Payments to Construction Workers," companies that violate wage payment regulations will be recorded in credit files and may face restrictions on market access and project approvals [5]. - The "red and black list" system established by Bantian Street aims to enhance construction site management and efficiency, with quarterly evaluations based on various criteria including timely wage payments and project quality [5][6]. Group 3: Company Background - Shenzhen Tianjian Third Construction Engineering Co., Ltd. was established in 2017, with a registered capital of 100 million yuan, and is a member of the Shenzhen Special Zone Construction Group [6]. - The company is 51% owned by Shenzhen Municipal Group Co., Ltd. and is fully controlled by Shenzhen Tianjian (Group) Co., Ltd., which is a state-owned listed company [6]. - As of the end of 2024, Tianjian Group reported total assets of 63.903 billion yuan, net assets of 15.025 billion yuan, and an operating income of 21.357 billion yuan [6].