"Xianfeng Dao Bone" Sui Guangyi, the first person to speculate in metaphysics.
Author | Liang Chunfu
Editor 丨 Cai Zhen
Source | Mustang Finance
In Hong Kong stocks, there was a very famous "demon stock" called China Ding Yifeng (0612. HK, now known as China Investment Fund), is a "21 chapter company" (does not operate the actual business, only do investment), the performance of the year after year losses, the end of 2017 the stock price is only a few cents, but less than two years after, the stock price touched as high as 28 Hong Kong dollars / share, soaring more than 50 times, to the surprise of the market.
In addition to the stock price on the rocket, the anecdotes also jokingly called China Dingyifeng a "Taoist stock", because the company's actual controller Sui Guangyi and the parent company Dingyifeng Group's style of behavior is quite "Taoist style".
Sui Guangyi claimed to be a Taoist monk, with the character "Wan Mingzi", and employees and believers called him "Master". The company's website has introduced that in his early years, he first "went to the sea" as a businessman, and then "went ashore" as the deputy mayor of Dunhua City, Jilin Province, and then lived in seclusion to cultivate his own way, and also created a set of "Zen and Easy Investment Method" - focusing on the overall interaction of heaven, earth and people, interpreting the overall changes in the financial market from the macro perspective of force, space, time and heart, with accurate predictability, which is another innovative modern investment method after Buffett's value investment law and Soros's hedging investment method.
Accurately predict the trend of the capital market with the Taoist method, and the clear-eyed person will know what kind of medicine he sells in the gourd at a glance. In the media report, the Original Form of the Taoist Leader's "Zen Investment Method" was revealed. Sui Guangyi's Dingyifeng Group raised funds by peddling the company's equity to investors and believers, and then used the raised money for stock speculation, suspected of illegal fundraising. The traces of sitting behind the soaring stock price of China Dingyifeng are obvious.
On 8 March 2019, China Dingyifeng issued an announcement that the company was ordered to suspend trading by the Hong Kong Stock Exchange due to the false, incomplete or misleading information in various documents disclosed by it. Subsequently, the Hong Kong Securities and Futures Commission requested the freezing of some accounts of 19 securities companies in Hong Kong, all of which are related to China Dingyifeng and suspected of market manipulation. At this point, Ding Yifeng's Taoist cloak was completely torn off by the supervision.
Ten months after the suspension, China Dingyifeng resumed trading on January 23, 2020, and its stock price fell by 90% in an instant. At the same time, the company said that the Hong Kong Securities and Futures Commission has decided to launch an investigation into its suspected market manipulation activities and launched legal proceedings against a number of people. On the evening of the same day, Sui Guangyi, the actual controller of China Dingyifeng, resigned from all the positions he held in the company.
He thought that the "metaphysical master" Sui Guangyi had fallen to the altar, but he did not seem to be willing to swallow this defeat. He not only got involved in a number of A-share stocks during the suspension period, but also recently ordered a Hong Kong listed company from the Hands of the Miaoke Lando ChaiXuan family. "Taoist descending the mountain" has been staged again, what kind of wind and waves can Sui Guangyi turn over?
Took over the Chai Xuan family Hong Kong stock company
Will you copy the "demon stock" China Dingyifeng?
Recently, Huayin International (0989. HK) announced that the controlling shareholder, Jiayi Investment Co., Ltd., signed an agreement to sell 3.3 billion shares of the company, of which 1 billion shares will be sold to Tianfeng International Holdings Limited and the remaining 2.3 billion shares will be sold to eight other buyers.
Home Translation Investment is owned by 600882. SH) is actually controlled by Choi Sing-hitomi, the daughter of the former actual controller and "cheese queen" Chai Xuan, while Tianfeng International is 90% owned by Sui Guangyi, co-chairman of the company and non-executive director. After the completion of the sale, Sui Guangyi directly and indirectly held 28.46% of the company's shares, while Jiayi Investment's shareholding ratio decreased from 50.87% to 5.06%.
This also means that Sui Guangyi has finally sat in the position of the largest shareholder after nearly two years of "lurking" in Huayin International.
Huayin International was formerly known as Guangze International Development. As early as August 6, 2020, the announcement of Guangze International Development disclosed that Hong Kong Haofu, which is actually controlled by Dingyifeng Group, acquired 1.05 billion shares of the company, becoming the second largest shareholder with a shareholding ratio of 17.58%. However, before the announcement, the stock price of Guangze International Development had changed in advance. Since the end of July 2020, Guangze International Development's stock price has soared from 7 cents per share to HK$0.56 per share in just a dozen days, soaring more than 8 times and setting a new high for stock prices in nearly a year.
Over the next year, Huayin International's share price fluctuated between HK$0.3/share and HK$0.6/share. In April 2021, the company name was changed to Huayin International. Until November 26, 2021, Sui Guangyi became the co-chairman of Huayin International, and the stock price of the listed company changed again in advance, from HK$0.4/share in early November to HK$0.85/share at the end of December.
November-December 2021 Huayin International stock price trend Source: wind
This is very similar to China's DingYifeng in those days.
China Dingyifeng and Huayin International were both small-priced stocks (small-cap stocks) in the early years, the stock price was lower than 1 Hong Kong dollar for a long time, only a few cents at the lowest time, and the equity was highly concentrated, the chips were in the hands of a small number of people, and the characteristics of zhuang stocks were obvious.
Since 2015, Sui Guangyi has continued to buy shares of China Investment Fund (the predecessor of China Dingyifeng) from the Hong Kong stock open market, and later entered the company's board of directors as a shareholder and became chairman. In 2018, the China Investment Fund announced that it had changed its name to China Dingyifeng, but it did not change the soup, it was essentially an investment company, only engaged in stock trading and investment. China Dingyifeng has also embarked on the road of "demon stocks" since then.
After Sui Guangyi became the owner of China Dingyifeng, he successively invested in China Intelligent Group (0395. HK), Zhidao International (1220. HK) and other fine-priced stocks. Like China's Ding Yifeng, these Hong Kong stock companies that Sui Guangyi valued, regardless of their performance, could always usher in the opportunity for stock prices to soar, but it was not long before they were beaten back to their original shape, and most of them became immortal stocks after the roller coaster. And Ding Yifeng always seems to be able to retreat from the whole body.
"Southern Weekend" once reported that the sales staff of Dingyifeng Group revealed that companies generally choose companies with low stock prices to read the bottom, and then continue to buy until they enter the board of directors, and then make money through "operation". Dingyifeng also opened many stock accounts in the name of its own employees, using these stock accounts to increase stock prices.
Through affiliated companies such as Shenzhen Dingyifeng Fund Investment Management Co., Ltd., as well as more than ten private equity products such as Dingyifeng Tianhe No. 1 managed by it, Dingyifeng Group has frequently appeared in A-shares, and has repeatedly entered and exited ST Tianma (002122.SZ) and Rainbow Shares (600707.SH). In addition, it has also laid out the mid-China (000996.SZ), ST Panda (600599.SH), Xuguang Electronics (600353.SH), Changchun Yidong (600148. SH), Longxi Shares (600592. SH) and more than a dozen other stocks.
Among them, rainbow shares have lost more than profits, as early as 2020, Dingyifeng has cleared rainbow shares. As of the end of March 2022, Shenzhen Zhongqi Production and Investment and Hainan Qirisheng, two subsidiaries of Dingyifeng, are still the third and fourth largest shareholders of ST Tianma, respectively, with a total shareholding of 8.14%. At present, ST Pegasus is applying for reorganization.
Huayin International's largest shareholder has become Sui Guangyi, will this company follow the old path of China's Dingyifeng? Did Sui Guangyi follow up on loading unlisted cultural tourism assets into listed companies?
The buyer and seller are all Fellows of Jilin Province
It is worth noting that the identity of Cui Xianyi, the original actual controller of Huayin International, is not simple.
In the "2018 China Rich Women List" released in early 2019, Cui Washime was listed among them, with a net worth of 6.1 billion yuan, and she was only 28 years old at the time, the youngest of them.
Cui's mother is Chai Xuan, the former actual controller of Miaoke Lando and the "cheese queen", and his father Cui Mindong is the chairman of Guangze Group, both of which are from Yanbian Prefecture, Jilin Province, a veritable rich family in northeast China.
Since going to the sea in 1996 to do business, the Cui family started from real estate, and then gradually expanded its business territory to snack food, dairy products and other industries. Since then, the Chai Xuan family has operated two backdoor listings in a row. In 2013, Through the acquisition of shares, Chai Xiao and his wife put the Guangze Real Estate they founded into the "shell" of Runxun Communications, which is now Huayin International. In September 2015, Mr. and Mrs. Chai Xiao placed their dairy assets in Hualian Mining, which was later renamed Miaoke Lando.
Source: Canned Gallery
In recent years, the Chai Xiao family has been mired in a liquidity crisis, and in order to repay debts for enterprises such as Guangze Investment and Meicheng Group controlled by the family, Chai Xiao has not hesitated to illegally borrow 240 million yuan from listed company Miaoke Lando.
Since 2017, Chai Xuan has also pledged shares many times, mostly for the purpose of "Guangze Investment and its related parties to operate". As of February 2022, Chai Xuan's shares in Miaoke Lando have been almost fully pledged.
Cui entered the board of directors of Huayin International in 2016 and has been the chairman of the board of directors ever since. However, during this period, the performance of Huayin International is difficult to be optimistic, from 2017 to 2022, the company's revenue fell from HK$178 million to HK$18 million; from 2020 to 2022, the company's net profit was negative for three consecutive years. The performance is not good, and the company's stock price has also been withering for a long time, becoming a fairy stock. It was not until the takeover party Ding Yifeng Group was found that its stock price soared and changed.
On July 7 this year, Huayin International and Wanding Holdings (Sui Guangyi Actual Control) officially started two tourism projects jointly developed in Changbaishan, one of which has a total investment of about 5.5 billion yuan. As of the end of March 2022, Huayin International's total assets were only HK$326 million, and where the 5.5 billion yuan investment funds came from is a question mark.
And Sui Guangyi is also a Jilin native, and the core figures of the Chai Xiao family are all northeastern fellows. A Jilin businessman once revealed to the Southern Weekend reporter that Sui was a small and famous qigong master in the northeast in his early years, and made many friends with backgrounds when qigong was popular in the 1990s, thus obtaining a lot of resources. The first Asian-American entrepreneur to speak at UN headquarters, Ma Xiaoqiu, is the current chairman of China Dingyifeng. The earliest Dingyifeng Group was also established in 2011 by Sui Guangyi and Ma Xiaoqiu, who served as the chairman of the board and president respectively.
The owner of the IPO company also bought Dingyifeng's wealth management products
After being heavily hammered by supervision in 2019, Dingyifeng Group's means of accumulating wealth have gradually been exposed.
According to the previous promotion materials of Dingyifeng Group, the company has laid out six major areas of culture, high-tech, investment banking, gold, health and tourism.
Among them, the high-tech sector includes Fengyuanxin Company, Zhidao International, and China Intelligent Group; The investment banking business is mainly China Dingyifeng, a hong Kong-listed company; Tourism is mainly Changbaishan Tianding Group.
Southern Weekend reported that in a morning conference speech, Sui Guangyi explained Dingyifeng Group's business model for many years - setting up multiple subsidiaries, financing private enterprises by selling equity, and then using the raised money to invest in the securities market.
A report by "First Finance" in 2019 pointed out that Dingyifeng sales employees revealed that the company's sales were mainly the equity of a company called "Fengyuan Core", which was priced at 6 yuan / share, with a minimum investment of 100,000 yuan. Fengyuanxin intends to complete the listing in 1-3 years through backdoor listing. If it is not listed at that time, you will receive an average annualized yield of up to 29% after the expiration of the term. Dingyifeng sales staff also said that Fengyuan core is not profitable now, and there is no financial report.
According to the official website of Fengyuanxin, the company was founded in 2016 with a registered capital of 300 million yuan and is an innovative high-tech company in the field of information security. However, there is no specific introduction to the company's main business.
Source: Fengyuanxin official website
According to the investigation of Aiqi, The paid-up capital of Fengyuanxin Company is 50 million yuan, and its business scope includes the purchase and sale of electronic products, metal materials and products, the technology development of recombinable logic chips, technical services, consulting, investment consulting, real estate brokerage, and the establishment of industries.
Ma Xiaoqiu and Sui Guangyi have completely withdrawn from Fengyuanxin and have no equity relationship with this company on the surface. Jiang Jinbo and Huang Limin, the only two shareholders of Fengyuanxin, also serve as executives and shareholders in more than a dozen other Dingyifeng affiliated companies.
Source: Aiqicha
It is worth noting that the number of insured persons in Fengyuanxin Company is zero. Whether Fengyuanxin actually operates business is a mystery. But this does not affect that Dingyifeng Group is still selling Fengyuanxin's wealth management products.
And Dingyifeng's customers are not lacking in cattle people. Recently, Shenzhen Amperon Technology Co., Ltd. (hereinafter referred to as "Amperon"), which seeks to be listed on the Growth Enterprise Market, disclosed the third round of inquiry response opinions.
The Shenzhen Stock Exchange is concerned that the actual controllers of the company, Wu Ruojun and Li Li, have purchased wealth management products many times during the reporting period, including wealth management products issued by Fengyuanxin, with a total subscription amount of 8.2 million yuan.
The announcement also mentioned that Fengyuanxin is not a financial institution, and Amperon did not explain the capital investment direction of the wealth management product. In this regard, the regulator requires the company to explain the purpose and final flow of Fengyuanxin's subscription of wealth management products.
According to the content of the reply, amperelong's financial product investment is mainly "for the research and development, production, manufacturing, sales and service of the company's information security encryption series of high-tech products." However, based on the confidentiality requirements of commercial information, Fengyuanxin failed to provide information related to the flow of funds. At present, the actual controller has applied to Fengyuanxin for early redemption/transfer of investment products that will expire after November 2022.
It is worth mentioning that in October last year, the Financial Office of Tianyuan District of Zhuzhou City issued a message that according to the report of the masses, a company named "Zhuzhou Dingyifeng Daoyun Cultural and Creative Co., Ltd." was investigated by relevant departments and successfully cleared 3.49 million yuan of funds raised from suspected illegal financial activities.
Source: Zhuzhou Tianyuan District Financial Office
According to the public information of government affairs, the company, in the name of tea tasting and reading, vigorously recommends the shares of Shenzhen Fengyuanxin, absorbs funds from unspecified people in the form of share transfer, and promises to pay monthly dividends of 1% of the investment amount in the first 3 years, and then buy back shares according to 264% of the investment funds after the expiration of the 3-year period.
Layout of health care, cultural tourism, make a comeback?
There were not a few believers who were willing to pay for the "metaphysical master" Sui Guangyi.
The securities times' investigative report described a magical scene: at a regular morning meeting of Ding Yifeng, more than 300 people gathered in the company's auditorium, including company employees, investors who came to listen to Sui Guangyi's "teachings", and many middle-aged and elderly people carrying plastic stools and sitting in the corridor to listen. As soon as Sui Guangyi entered the scene, all applauded. When the background music stopped, everyone stood up and shouted slogans. After beating the drum and ringing the bell, bow three times to Lao Tzu, read the Tao Te Ching aloud, and then sit down and read the "Song of Righteous Qi" three times...
The metaphysical master raised funds from the faithful on the one hand, bought shells in the capital markets on the other, and carried out so-called capital operations. Until the Hong Kong Securities and Futures Commission began to investigate China DingYifeng.
Recently, the master action of re-emerging is not small. Not only has it just acquired a Hong Kong stock company, but it is also holding a start-up group (2221. HK) as a Non-executive Director. Moreover, in recent years, Sui has turned its attention to health care and new cultural tourism industries.
After being hammered by supervision, Sui Guangyi has successively withdrawn from some of Dingyifeng's subsidiaries, and many companies have also been deregistered. At present, Sui holds shares through Hong Kong Dingyifeng listed company China Dingyifeng.
According to industrial and commercial information, the mainland companies that still exist under Sui Guangyi's personal name include Tianding Tourism, Dejia Ginseng, Wanding Holdings, Qilun Culture, Hainan Deguan and so on.
Among them, Tianding Tourism is the main asset of Dingyifeng Tourism. On January 6, 2014, Dingyifeng and Tianding Tourism reached a cooperation on the development and construction of changbaishan historical and cultural park project. Tianding Tourism's stake has also been sold to the outside world, but the company is currently involved in a number of private lending disputes.
Dejia Ginseng is a new company established by Sui Guangyi in Jilin in 2020, and it is publicized that it plans to invest 50 billion yuan to promote the ginseng industry in Changbai Mountain, but the company currently has only two insured people.
In July this year, the video number of "Qilun Traditional Culture Bookstore" certified by Qilun Culture released the promotional video of the start of the new cultural tourism + project of Hong Kong Dingyifeng International Group.
It seems that Sui Guangyi has accumulated some unlisted assets in his hands, and by taking over the Chai Xuan family's Hong Kong listed companies, it seems that he has the capital to turn the clouds in the capital market.
Turning to health care and cultural tourism, can Sui Guangyi painfully change the former non-All in this track? Or do you continue to operate the capital that you are familiar with? It is not known at this time. Naturally, the mind of the "metaphysical financial master" is not written on the face.