Red Star Capital Bureau reported on May 13 that the well-known private equity Ruifengda runaway incident is still fermenting. Today, a number of NEEQ stocks invested by Ruifengda announced the suspension of trading for self-inspection.
According to the announcement, and Jia Tianjian (834274. NQ), Agrocarpus Technology (872293. NQ), Youlian Shengye (872262. NQ) and other companies involved in the public opinion of Zhejiang Ruifengda Asset Management Co., Ltd. (i.e., "Ruifengda"), and there was a major risk event, and they applied for stock suspension and further verification of related matters.
Screenshot from the National Small and Medium-sized Enterprise Share Transfer System
Taking Agrocarpa Technology as an example, the company announced that it was concerned about the negative news of the shareholder Ruifengda's related private equity funds, and had conducted preliminary verification and disclosed the "Xixian New Area Agrosman Youpin Agricultural Technology Co., Ltd. Stock Trading Risk Warning Announcement", combined with the company's previous stock price changes significantly, the company intends to carry out verification of the above matters. In order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, apply for the suspension of the company's shares.
Affected by related events, Ruifengda's largest affiliated company, Riying Holdings (01741. HK) opened lower today, closing at HK$0.105 per share, down 58%, with the largest intraday decline of more than 60%.
On May 9, a rumor of "Ruifengda running away" attracted market attention. According to the news, the company's boss has "run away", and many of the company's products cannot be redeemed, and some investors have reported that the products they purchased have been unable to be redeemed as early as April. On May 11, according to the website of the China Securities Regulatory Commission, from the current situation, Ruifengda is suspected of a number of violations of laws and regulations, and the China Securities Regulatory Commission decided to investigate it and deal with it strictly in accordance with the law.
According to media reports, unlike other private equity "thunder" incidents in recent years, one of the major concerns of the Ruifengda incident is its use of the new third board market. Wind data shows that by the end of 2023, Ruifengda's products have appeared in Hejia Tianjian, Bangkele (837852. NQ), Wei Fu Ji (839054. NQ), Youlian Shengye, Agrocarpus Technology and Haotian Energy Storage (873834. NQ) and many other stocks, many of which have skyrocketed since the second half of 2023.
For example, Hejia Tianjian's share price soared from $1.62 at the end of June 2023 to $43 at the beginning of August 2023, and then experienced sideways trading until the end of December, and the stock price was $54.8 on May 7 this year.
Red Star News reporter Jiang Ziwen
Edited by Xiao Ziqi
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