"The most investment-minded star" Ren Quan overturned! The "non-absorption" equity of the investment company was frozen

The "overturning" incidents of more and more celebrities' affiliates show that star halos are not a universal card.

The equity of Renquan Wang Jinghua Investment Company was frozen

On July 11, the well-known male star Ren Quan was exposed to a news that caused heated discussions.

Recently, Jiuzhou Jianyuan (Beijing) Investment Management Center (Limited Partnership) (hereinafter referred to as "Jiuzhou Jianyuan") added a new information on equity freezing, the subject of the frozen equity is Hangzhou Miluoxing Technology (Group) Co., Ltd., with an equity amount of 30,000 yuan, and the Shanghai Fengxian District People's Court is the enforcement court.

The trial process of the case shows that the equity freeze involves the case of Kyushu Jianyuan and its main person Zhang Songhua involved in the crime of illegally absorbing public deposits, after Kyushu Jianyuan, Shanghai Guanzhuo Investment Management Center (limited partnership), Shanghai Xiangrong Information Technology Co., Ltd., Aokang Investment Holdings Co., Ltd., etc. have been restricted from high consumption.

According to the enterprise investigation, Kyushu Jianyuan was established in 2008 with a capital contribution of 25 million yuan, and the executive partner is Shanghai Kuanyu Enterprise Management Consulting Service Center (limited partnership), and the partner information shows that the largest shareholder of the enterprise is Ren Zhenquan (Renquan), holding 32% of the shares, in addition, Beijing entertainment celebrity Song Ge and famous agent Wang Jinghua are also among the shareholders, and the two hold 20% of the equity each.

Previously, on March 31, because Kyushu Jianyuan was suspected of illegally absorbing public deposits, #Renquan Wang Jinghua enterprise involved in non-smoking #had appeared on Weibo hot search first. Kyushu Jianyuan, a company in which Ren Quan and Wang Jinghua stake, was subject to consumption restrictions imposed by the court for suspected illegal cases, and its investment boss was once questioned.

How to understand the crime of illegally absorbing deposits from the public? For shareholders such as Ren Quan and Wang Jinghua, are they responsible for the crime of illegally absorbing deposits from the public in participating enterprises?

The crime of illegally absorbing deposits from the public refers to illegally absorbing deposits from the public or disguised absorption of deposits from the public in violation of national financial management laws and regulations, thereby disrupting the financial order, thus constituting a crime. According to the Interpretation of the Supreme People's Court on Several Issues Concerning the Specific Application of Law in the Trial of Criminal Cases of Illegal Fundraising (hereinafter referred to as the "Interpretation"), if the act of absorbing funds from the public (including units and individuals) in violation of the national financial management laws and regulations meets the four conditions at the same time, it shall be deemed to be "illegally absorbing public deposits or covertly absorbing public deposits" as provided in the Criminal Law.

According to the Interpretation, for a company like Kyushu Jianyuan to illegally absorb or covertly absorb deposits from the public, the amount is more than 1 million yuan, the target is more than 150 people, the amount of direct economic losses to the depositor is more than 500,000 yuan, or it causes bad social impact or other serious consequences, it will be investigated for criminal liability according to law if it has one of the above circumstances.

"If an entity commits this crime, it will convict and punish the direct supervisor and directly responsible personnel of the unit, but the shareholders are not necessarily the direct supervisors or responsible personnel, and if they are indeed unaware or have not participated in decision-making, they do not need to bear criminal law responsibility." Mei Huawei, a lawyer at Shanghai Zhengguan Changhong Law Firm, said.

According to Red Star News, comprehensive information found that the non-smoking case involved in Kyushu Jianyuan was the crime of illegally absorbing public deposits committed by Steel Steel Network E-Commerce (Shanghai) Co., Ltd. (hereinafter referred to as "Steel Network").

It is reported that Steel Steel Network absorbs deposits from unspecified members of the public through the "Duoying Wealth Management" platform, and the amount involved reaches tens of billions of yuan. At present, the main culprit in the case, Zhou Zhifeng, has been sentenced to eight years and six months in prison and fined 500,000 yuan for the crime of illegally absorbing deposits from the public.

Shareholders have a lot to offer

According to public information, Wang Jinghua was the legal person and general manager of Beijing Shijiao Cultural Brokerage Co., Ltd., and the first generation of cultural brokers in mainland China. In the mid-to-late 90s, he successively cooperated with well-known actors such as Cheng Qian, You Yong, Li Bingbing, Ren Quan, Hu Jun, Liu Wei, Su Jin, etc., and was known as the "gold medal agent".

There are 11 affiliated enterprises of Wang Jinghua, 7 of which are in existence, including Tianjin CDH Shengrui Equity Investment Partnership (Limited Partnership), Tibet Kumquat Culture Communication Co., Ltd., etc., and the commercial territory involves culture, science and technology, media, etc.

Ren Quan is a Chinese mainland film and television actor, producer and businessman, graduated from the 93rd undergraduate class of the acting department of Shanghai Theater Academy. In 1994, Ren Quan participated in his first TV series "Waiting All the Way", and officially entered the entertainment industry after that. In 2000, Ren Quan gained a lot of attention for his role as Gongsun Ce in the costume drama "Young Bao Qingtian". Since then, he has starred in many film and television dramas such as "It's All Angels Caused by Trouble", "Famous Capture Shocks Kanto", "Confucius", "Mythology", "New Bright Sword" and so on. In 2009, he produced the suspense drama "Looking for Witnesses", and he also officially became a producer and established Renquan Studio.

On November 27, 2015, he announced on Weibo that Renquan Studio was officially disbanded. On March 17, 2016, he announced his official retirement on his personal Weibo, after which he will focus his work on investment and business.

Tianyan investigation shows that there are 38 affiliated enterprises under the name of Ren Zhenquan (Ren Quan), of which 25 are in existence, including Handu Yishe E-commerce Group Co., Ltd., Dugao (Beijing) Sports Culture Co., Ltd., Kashgar Chuangyizhi and Culture Media Co., Ltd., Beijing Wenchuang Ark Investment Center (limited partnership), etc., and the commercial territory involves e-commerce, sports, media, investment, etc.

In addition to the above-mentioned restricted consumption of Kyushu Jianyuan, Ren Quan and Wang Jinghua also jointly hold shares in Hangzhou Miluoxing Technology (Group) Co., Ltd.

In the shareholder list of Kyushu Jianyuan, in addition to the above two, Song Ge and Huang Zhizhong are also not small.

Song Ge is the former chairman of Beijing Culture, the chairman of Beijing Perfect Time and Space Culture Communication Co., Ltd., the general manager of Wanda Film and Television Media Co., Ltd., he has served as the producer of many films such as "I am not Pan Jinlian" and "You at the same table".

In addition, actor Huang Zhizhong also holds 12% of the shares of Kyushu Jianyuan, and he won the Outstanding Actor Award at the 28th TV Drama Feitian Awards and the Best Actor Award at the 16th Shanghai TV Festival. Representative works include the TV series "The Right Way in the World is Vicissitudes", "Daming Dynasty 1566" and so on.

In terms of foreign investment, public information shows that Kyushu Jianyuan currently holds shares in 4 enterprises: Guangzhou Turui Information Technology Co., Ltd. has completed angel round financing; Vita Kangzhi (Beijing) Medical Network Technology Co., Ltd. has developed an intelligent physical fitness detection engine; Hangzhou Diling Information Technology Co., Ltd. has been cancelled; Hangzhou Miluoxing Technology (Group) Co., Ltd., formerly known as KK Live, has previously received capital injections from Sequoia Capital and Shanda Group.

From star to investment trader

According to the Voice of Securities Daily, as the "most investment-minded star", Ren Quan's investments over the years are worth counting.

Ren Quan's first business was to open a restaurant. In 1997, just after graduating from university, he opened the first Shudi Spicy Fish Restaurant. In December 2013, Ren Quan said on the program "Kefan Listening", "When I just graduated from school, I would take on the drama. Later, I found out that when acting, I could only listen to the ideas of the director and screenwriter. Moreover, I was unemployed after two or three months of acting, and I had to wait for someone to come to me in the next play, and I couldn't control that. I was looking for a job that I could control. But what can I do? Oh, I think, I'll eat, then I'll open a small restaurant. ”

With successful customer positioning and pricing strategies combined with good taste, Ren Quan's first investment quickly paid off and earned his first pot of gold.

Since then, Ren Quan has successively invested in restaurants such as "1969 Bar", "Legend of Shudi" and "Shudi Era".

At that time, Ren Quan was still filming, so the investment was relatively scattered and did not enter the catering industry on a large scale. Later, he began to invest in film and television production and set up his own studio.

Investing in Huayi can be said to be a fairly correct decision on Ren Quan's investment road.

In 2006, Ren Quan invested more than 2 million yuan in Huayi Brothers, and in December 2014, he personally admitted in a high-end personality business talk show "Boss Tang" that his stake in Huayi was his investment with the highest rate of return - more than 2 million yuan invested and more than 30 million yuan returned.

In addition to investing in filming and catering, Ren Quan, who pays attention to "professional", also enrolled in the EMBA class of Cheung Kong Graduate School of Business in May 2011.

According to the Voice of Securities Daily, by 2013, these small investments could no longer satisfy Ren Quan, and when he partnered with Li Bingbing and Huang Xiaoming to invest in the "Hot and Spicy No. 1" hot pot restaurant, Ren Quan began to consider the problem of business model.

"In the early years, I was an amateur investor, and my main energy was still acting, so it was impossible to make a restaurant very large-scale. From this point of view, Hot One is also the summary of my 15 years of catering. I think about how to replicate, quantify, standardize. ”

Ren Quan said, "I couldn't think of or do these things before, but now I can do them." The center of Hot and Spicy No. 1 is in Chengdu, but I can do that the contents of the stove in all stores in the country are one taste, everything in the store is customized, and the design style is the same from the first store, and all of them can be copied in the future. ”

In addition to investing in catering, Ren Quan has also invested in film and television dramas such as "National Color Tianxiang" and "Who is Afraid of Whom in the Face of Love".

For the role switch from actor to boss, he talked with relish: "Being an actor will be more passive, in fact, some successful entrepreneurs have two or more identity transformations, such as Wang Shi is also a traveler, and our entrepreneurs and entrepreneurs, only focus on hard work, and lack interest, there is a misconception that working hard is a virtue, putting all your life into work, I don't like it, and I don't advocate my friends like this." ”

In 2014, Star VC, a star venture capital institution jointly funded by Ren Quan, Huang Xiaoming and Li Bingbing, once absorbed Zhang Ziyi and Huang Bo as partners to invest in e-commerce, finance, e-sports and other fields.

As his influence increased day by day, other stars joined one after another, but Ren Quan was always in the C position. In 2015, as the founder of Star VC, Ren Quan participated in the Young Leaders Roundtable of a large-scale international forum and became a focal point; In 2016, Ren Quan announced his retirement from the entertainment industry to focus on investment; In 2017, a number of authoritative financial media jointly released the "China's Top Investors List", and Ren Quan ranked 35th.

Although cross-border investment has been questioned, Ren Quan is very aware of the advantages of celebrities in making investments. He constantly explained his investment philosophy to the outside world - capital entertainment. "Capital entertainment means that in the future, we will spread some relatively professional products through the public or entertainment." Ren Quan publicly explained that stars themselves have star effects, which can allow investment projects and business models to be promoted.

In addition to Ren Quan, Hu Haiquan is also one of the representatives of celebrity cross-border PE/VC investment, and the investment scope of Haiquan Fund he founded covers consumption, TMT, pan-entertainment and other fields. In 2020, the No. 9 robot invested by Haiquan Fund was listed on the Science and Technology Innovation Board, which is also the first stock of the Science and Technology Innovation Board CDR.

However, these two cross-border representatives have frequently aroused heated discussions in the investment circle in the past two years, in addition to Ren Quan, who appeared on the hot search this time, Hu Haiquan's private equity fund has also caused controversy.

On June 25, 2023, Beijing Haina Baiquan Investment Fund Management Co., Ltd., a private equity fund under Hu Haiquan, received a warning letter from the Beijing Regulatory Bureau of the China Securities Regulatory Commission for a number of violations. (Extended reading: Suddenly warned, well-known singer Hu Haiquan responded to the violation of private placement under his name!) From musician to "Chinese Venture Capital Black Knight")

Strong investment strength can win trust

"Celebrities often have a broad popularity and fan base, which gives them a unique advantage in promoting their company's brands and products." A relevant person of a domestic private equity investment company said in an interview with the "Shanghai Securities News" reporter that in addition, celebrities often have extensive contacts and a strong capital base.

However, the famous investor Warren Buffett has said that investing must be rational, and if you can't understand it, don't do it, as a reminder to investors to invest within their circle of competence.

The above-mentioned private equity practitioners also believe that even an actor or singer who is very successful in his field may lack relevant experience in business operations and investment. Celebrities, on the other hand, often have limited time and energy, making it difficult for them to devote themselves fully to venture capital. "To truly win the trust of investors, you need to have strong capabilities in transparency, compliance, professional team, risk management, performance return and other aspects."

Gao Jia, an investment analyst, also told Beijing Business Daily that the negative news of celebrities is also easy to involve their investment projects in turmoil. In recent years, the market has become stricter in the supervision of investment, and the requirements for relevant qualifications have been higher, and private equity firms need hard power such as risk defense capabilities and performance stability to gain the trust of investors and market recognition.

Source|"Business School" is synthesized from Yangcheng Evening News, Shanghai Securities News, Voice of Securities Daily, China Fund News, Red Star News, Daily Economic News, Beijing Business News