"Runaway Private Placement" Ruifengda is really a mom-and-pop shop! There are nearly 100 vest companies, and how to run away has become a mystery

Finance Associated Press

2024-05-10 22:25Published on the official account of Cailianshe under Shanghai Poster Industry Group

Finance Associated Press, May 10 (Reporter Feng Qijuan) The private equity Ruifengda, which was rumored to have run away, did run away, and only investors who came to defend their rights were left in the office. After receiving the report, the economic investigation detachment of the Pudong Branch has accepted the case, rushed to the scene, organized the investors to register on the spot, and guided the investors to go to the reception window to submit relevant materials.

The relevant personnel of the economic investigation detachment said that a preliminary investigation will be conducted first, including the whereabouts of the funds and which stocks to buy. After verification, the criteria for filing a case are considered and the maximum period for deciding whether to file a case is 60 days. The officer pointed out that, on the whole, in similar cases of private placement "running away", compared with equity private placement, there are fewer securities private placement cases.

At the scene of rights protection, some investors revealed that Ruifengda is really a "mom-and-pop shop", bluntly saying that Sun Wei, the actual controller of Ruifengda, and Li Min, the actual controller of Riying Holdings, are husband and wife, and I heard that Sun Wei is abroad. The offices of Ruifengda and Riying Holdings are located in the Hui Mansion in Pudong New Area, Shanghai, respectively in Building 10 and Building 8. The property staff of Hui Mansion said that no one from these two companies had gone to work for two consecutive days.

Under the guidance of investors, the reporter of the Financial Associated Press went to the office of Riying Holdings, and also saw investors who "asked for explanations". After on-site inspection, the product fund contract and other materials of Ruifengda Assets were placed in the office of Riying Holdings.

"Runaway Private Placement" Ruifengda is really a mom-and-pop shop! There are nearly 100 vest companies, and how to run away has become a mystery

Judging from the current public information of AMAC and Tianyancha, it cannot be seen that Ruifengda is directly related to Sun Wei and Li Min. Tianyan check shows that Ruifengda shares a landline number with 75 companies, and there are 26 "Riying" companies. Among the legal representatives of these companies, there are a total of 5 people with the surname Sun, including Sun Wei, and a total of 4 people with the surname Li, including Li Min. Judging from the company's shareholders and executives, those with the same surname may be "one family", and the relationship between the Sun family and the Li family is also quite close.

The main company registered by Riying Holdings in AMAC is Shanghai Riying Equity Investment Fund Co., Ltd. (hereinafter referred to as Shanghai Riying Investment), which is wholly owned by Riying Investment Holding Group, and the actual controller is Li Min. According to the change records, since 2014, Sun Wei and Li Min have been shareholders of Riying Investment Holding Group for many years, and Sun Wei also ceased to serve as the company's legal representative in March this year.

Share a landline number with 75 businesses

Ruifengda is a private securities investment fund, with business types including private securities investment funds and private securities investment FOF funds, with a management scale of 2 billion to 5 billion yuan. According to the AMAC, Ruifengda was established in October 2016 and completed registration in May 2017. According to the registration information, the registered address of the private placement is in Huzhou City, Zhejiang Province, and the office address is located in Pudong New Area, Shanghai, with a registered capital of 30 million yuan and a paid-in capital of 7.5 million yuan, with a paid-in ratio of only 25%, and the last update time of institutional information is April 28 this year.

The AMAC red letter reminds that Ruifengda has three types of violations, that is, the registered place and the office are not in the same jurisdiction, there are overdue and unliquidated funds, and the proportion of inquiry accounts opened for investors in the directional disclosure function of the letter disclosure backup system is less than 50% (excluding 50%). In addition, AMAC also pointed out that Ruifengda is not a third-party institution that is qualified to provide investment advice.

In terms of shareholder structure, the official website of the AMAC shows that Ruifengda is held by Qiu Wenlong and Liu Licheng, holding 80% and 20% of the shares respectively, showing that Qiu Wenlong is the actual controller; According to the annual reports disclosed by Tianyancha, Ruifengda's shareholder structure will be changed twice in 2022, and finally Hainan Smart City Holding Group Co., Ltd. (hereinafter referred to as: Hainan Smart City Holding Group) and Shanghai Qingcheng Culture Club Co., Ltd. (hereinafter referred to as Shanghai Qingcheng Culture Club) hold 51% and 49% of the shares respectively, and the legal representative has also been changed from Liu Licheng to Li Tao.

According to the change records, in January 2022, Qiu Wenlong and Liu Licheng withdrew from the ranks of Ruifengda shareholders, and Hainan Smart City Holding Group and Li Tao became new shareholders; Eight months later, Qiu Wenlong and Liu Licheng stepped down as executive director, general manager and supervisor respectively; Li Tao and Li Rong took over the baton respectively. At the same time, Li Tao withdrew from the ranks of shareholders, and the new shareholder was Shanghai Qingcheng Culture Club.

Tianyancha shows that there are a total of 75 companies that share a landline number with Ruifengda, and only from the company name, there are 26 "Riying" companies.

According to statistics, there are a total of 9 limited partnership companies with Riying Investment Holding Group as the legal representative, most of which were established between March 2014 and July 2015, with a registered capital of 30 million yuan or 50 million yuan, showing that among the 3 private placements with paid-in capital, only 1 has a paid-in ratio of 100%, and 9 companies have been cancelled at present.

There are a total of 12 limited and hot companies with Shanghai Riying Investment as the legal representative, all of which were established after 2016, and the registered capital is quite different, ranging from 1 million yuan to 200 million yuan. Among them, 2 limited partnerships established in 2016 and 2018 were cancelled, and the other 10 were in existence.

In addition, Shanghai Riying Investment, Riying Investment Holding Group and Riying Medical and Medical Health Technology (Chengdu) Co., Ltd., which are in the existence period, and Zibo Riying Renhe Equity Investment Fund Partnership (Limited Partnership) and Hangzhou Riying Enterprise Management Partnership (Limited Partnership), which have been cancelled, all share a landline number with Ruifengda.

According to AMAC, Shanghai Riying Investment is a private equity and venture capital fund with a management scale of 1 billion to 2 billion yuan, which was established in March 2015 and completed registration three months later. The registered address is the same as the office address, both are located in Pudong New Area, Shanghai, the registered and paid-in capital are 10 million yuan, and the last update time of the institution information is February 2024.

The private placement is wholly owned by Riying Investment Holding Group Co., Ltd., and the actual controller, Li Min, is also the company's legal representative and chairman. According to public information, he has successively served as the regional manager of the sales department of Taikang Life Insurance and the general manager of Shanghai Taikang Investment Consulting, which was cancelled on September 14, 2022. There are two types of situations that have been reminded in red by the AMAC: first, there are overdue and unliquidated funds; Second, there are funds that have been in liquidation for a long time.

Interestingly, among the legal representatives of the companies that share landline numbers with Ruifengda and Shanghai Riying Investment, there are a total of 5 people surnamed Sun, namely Sun Wei, Sun Tao, Sun Aiyun, Sun Yaru, and Sun Cunzhu; There are a total of 4 people surnamed Li, including Li Min, Li Tao, Li Rong, and Li Gang. Judging from the shareholders and executives disclosed by Tianyancha, several people with the same surname cannot rule out the possibility of "one family", and the relationship between the Sun family and the Li family is also quite close.

It was found that Sun Wei also served as the legal representative of the company in which Li Min's Riying Investment Holding Group participated and controlled. Tianyancha shows that Sun Wei is the legal representative of Cairekang Enterprise Management Co., Ltd., Shanghai Steaming Investment Management Co., Ltd. (hereinafter referred to as "Steaming Investment"), and Beijing Baofeng Construction Enterprise Trading Co., Ltd., the former two are wholly owned by Hong Kong Riying Holding International Group Co., Ltd. and Riying Investment Holding Group, and the latter is held by Riying Investment Holding Group with more than 50% of the shares. Among them, Sun Wei, Li Gang, and Li Min all served as executives in Steaming Investment.

In addition, Zhejiang Jinzhen Investment Management Co., Ltd. is owned by Riying Investment Holding Group and Sun Yaru, holding 51% and 33% of the shares respectively; Shanghai Nongyin Culture Communication Co., Ltd., wholly owned by Li Gang, with Sun Wei as a supervisor; Ruifengda, the protagonist of this "runaway incident", publicly disclosed two supervisors, Li Rong and Sun Aiyun. At the same time, Li Rong is also a supervisor of Hainan Smart City Holding Group and Shanghai Tenglin Technology Co., Ltd., which is wholly owned by Li Tao.

After a closer inspection, it was found that Li Yili Insurance Brokers Co., Ltd., which is wholly owned by Riying Investment Holding Group, Li Min and Li Gang served as executive directors and supervisors respectively; Shanghai Pinault Agricultural Technology Co., Ltd., wholly-owned by Sun Cunzhu, is held by Sun Yaru; Sun Tao and Sun Yaru also serve as senior executives of Hunan Beichen Fisherman Investment Management Co., Ltd.

It is rumored that the "husband and wife" have been shareholders of Riying Holdings for many years

Tianyancha shows that Riying Investment Holding Group, established in June 2012, with a registered capital of 228 million yuan, its business scope includes investment management, industrial investment, investment consulting, enterprise management consulting, and business information consulting, which is currently held by Xiwei (Xiamen) Electronic Technology Co., Ltd. and Shanghai Riying Equity Investment Fund Co., Ltd., holding 91.2% and 8.8% of the shares respectively.

Since its establishment, the shareholder structure of Riying Investment Holding Group has also undergone several changes. Judging from the change records, Li Min and Sun Wei, who are rumored to be husband and wife, have held shares of the company for many years at the same time.

Before 2014, Riying Investment Holding Group was funded by Li Min. The change record in July 2014 shows that the shareholders of the company are Li Min and Sun Wei.

In June 2018, in addition to Li Min and Sun Wei, 5 new shareholders were added, including: Shanghai Riying Equity Investment Fund Co., Ltd., Shanghai Lingya Enterprise Management Center (Limited Partnership), Shanghai Luofu Enterprise Management Center (Limited Partnership), China Insurance Internet (Xiamen) Commercial Factoring Co., Ltd., and Lianhe (Shanghai) Technology Development Co., Ltd., and the registered capital was also changed from the original 100 million yuan to 227 million yuan.

In August 2023, the legal representative of Riying Investment Holding Group will be changed from Li Min to Sun Wei. After Sun Wei stepped down as the legal representative in March this year, Chen Zhili and Liu Xiao took over in March and April, less than a month before and after.

On April 15, Li Min, Sun Wei, Shanghai Lingya Enterprise Management Center (Limited Partnership), Shanghai Luofu Enterprise Management Center (Limited Partnership) and other shareholders withdrew from the ranks of shareholders of Riying Investment Holding Group at the same time.

Combing through the annual reports of previous years, it was found that from 2016 to 2022, Riying Investment Holding Group disclosed the paid-in capital contributions of Li Min and Sun Weidong.

In March this year, Shanghai Riying Investment became a restricted consumption object, and Li Min was shown as a related object. As early as 2021, Shanghai Riying Investment was successively frozen by the Shanghai Pudong New Area People's Court and the Shanghai Financial Court.

(Finance Associated Press reporter Feng Qijuan)

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