Caught in the "takeover" scandal Hengshuai shares emergency response bocom Schroder fund calmly "eat melon"

China Net Finance news on January 21 (reporter Hu Chaohui Li Bin) on January 19, Hengshuai shares (300969.SZ) after opening low all the way down and closed down. On the same day, the "public and private fund linkage takeover scandal" was exposed by the media, which involved Hengshuai shares, as well as a number of fund companies led by bocom Schroder Fund.

The network screenshots forwarded by the media show that there is an "investment" circle in Lujiazui, Shanghai, which manipulates stock prices through "pyramid schemes" in the rice bureau. The general process is that the seller (securities company) buys private equity products, the private fund first builds a position, and then communicates accurately with the executives of the listed company, writes research reports, and recommends them to public funds, and finally raises the stock price through a series of layouts to achieve the purpose of profit. In the screenshot, hengshuai shares are listed impressively.

On the 19th, Hengshuai shares responded on the interactive platform that it had paid attention to the above network rumors, and was not aware of the matters involved in the above rumors and did not participate. The BOCOM Schroder Fund, which is also involved, has not seen any response so far.

Up to 410% increase in three months

The main business of Hengshuai Co., Ltd. is the research and development, production and sales of automotive micromotors and automotive cleaning pumps with micromotors as the core components, cleaning system products. In April 2021, Hengshuai shares were listed on the Growth Enterprise Market of the Shenzhen Stock Exchange at an issue price of 20.68 yuan per share. After the listing, Hengshuai shares have been performing flat in the secondary market, but from August 24, 2021, the company's stock price began to gradually rise, on November 1, Hengshuai shares reached a maximum intraday of 174.98 yuan, the highest increase in less than three months reached 410%!

According to the "Investor Relations Activity Record Table" released by Hengshuai on August 27, 2021, 5 of the four institutions of Shanghai Ruiyang Investment Management Co., Ltd., BOCOM Schroder Fund, Guojin Securities and Hui Tianfu Fund went to Hengshuai On August 26, 2021 to conduct research. On August 30, 2021, the first trading day after the announcement of the Investor Relations Activity Record Form, Hengshuai shares closed with a limit of increases.

On September 27, 2021, Hengshuai Co., Ltd. once again released the "Investor Relations Activity Record Form", which shows that a number of institutional investor representatives conducted on-site research on Hengshuai Co., Ltd. on September 23. On September 28, 2021, Hengshuai shares closed with a sharp increase of 17.27%.

Public information shows that at the end of the second quarter of 2021, the top ten outstanding shareholders of Hengshuai shares were natural persons. By the end of the third quarter of 2021, the top ten outstanding shareholders of Hengshuai shares have been completely replaced by institutional investors, the most conspicuous of which is the 3 products of bocom Schroder Fund, which participated in the on-site research. As of September 30, 2021, BOCOM Schroder New Growth, BOCOM Schroder Selection and BOCOM Schroder Thematic Selection held positions of 1,032,600 shares, 729,400 shares and 340,000 shares respectively, with a market value of 88.959 million yuan, 62.8416 million yuan and 29.291 million yuan, respectively, ranking the first, fourth and eighth places of the top ten circulating shareholders of Hengshuai shares.

The shady background of the fund has been "exposed" many times

According to public information, BOCOM Schroder Fund is registered in Shanghai, and as of the end of 2021, its assets under management will reach 547.5 billion yuan. Wang Chong, the fund manager of BOCOM New Growth and BOCOM Select, together with Yang Hao and He Shuai, was known as the "Three Musketeers of BOCOM" in the circle.

Previously, Yang Hao, the star fund manager of bocom Schroder Fund, was exposed by the media to be suspected of suffering from depression. Due to the unsatisfactory performance in the first half of 2021, Yang Hao also reflected in the semi-annual report. As of January 20, the "past 1 year" income of BOCOM Core Drive, BOCOM Renaissance Vitality and BOCOM Regular Payments Double Interest Balance jointly managed by Yang Hao was -25.4% (1601|1650), -26.10% (1925|1944) and -20.34% (95|98).

He Shuai, another fund manager under bocom Schroder, once held more than 5% of Shandong Heda's card raising line in 2020 because of the three funds under management, but the company did not announce it, which was questioned by the market as a "masked card".

In fact, as early as 20 years ago, the media exposed the shady scene of public funds helping other institutions to take over the high level, and some public funds took over the high chips of the bookmakers through paid, and at the same time charged the market makers according to the number of shares purchased, and finally, these fees entered the fund manager's wallet.

In March 2020, the CSRC also investigated and dealt with a case of public and private joint rat warehouses, involving Liu Jing, the former fund manager of Taixin Fund Company, and Jiang Weijun, the founder of private equity company Yunteng Investment.

According to the court judgment, between April 2009 and February 2013, Yunteng Investment Jiang Weijun frequently exchanged stock investment information with Liu Jing, who was then the manager of Taixin Blue Chip Select Equity Fund, and Liu Jing, knowing that Jiang Weijun was engaged in stock investment business, still used the convenience of her position to leak the undisclosed information obtained to Jiang Weijun, or listened to Jiang Weijun's opinion and used the funds of the Taixin Blue Chip Fund to buy and sell specific stocks, and Jiang Weijun used the controlled stock account to conduct convergence transactions.

After trial, during the above-mentioned time period, the securities accounts of "Yang X", "Jin X 2", "Ye X" controlled by Jiang Weijun and the "Yunteng Phase I" private equity fund account and the Taixin Blue Chip Fund account simultaneously bought and sold 76 stocks, with a convergent purchase amount of RMB799 million, a convergent sale amount of RMB608 million, and an illegal profit of RMB46.1902 million.

In the end, the second-instance trial convicted Jiang Weijun of using undisclosed information for trading, sentenced him to five years and nine months in prison, and fined him 40 million yuan. Liu Jing was convicted of using undisclosed information to trade and sentenced to four years in prison and fined 6.2 million yuan.

(Editor-in-charge: Zhao Rong)