China Fund News reporter Wu Jun
Recently, the incident of Ruifengda's asset boss running away and the inability to redeem private equity products has caused an uproar.
After falling nearly 22% last Friday, the stock price of Ruifengda's affiliated company Riying Holdings continued to plummet 58% in Hong Kong stocks on Monday, and the latest stock price was only HK$0.105 per share.
At the same time, on Monday morning, a number of new third board companies such as Shuoen Network, Nongjiang Technology, Hejia Tianjian, Weifu Ji, Bangkele, Haotian Energy Storage, and Youlian Shengye issued announcements, involving the company's shareholder Ruifengda assets, and suspended trading for verification.
It is reported that at present, the police have seized the offices of Ruifengda Assets and Riying Holdings; At the same time, the China Securities Regulatory Commission announced that it would file an investigation against Ruifengda Assets.
The stock price of Riying Holdings plummeted by 58%, which is inextricably linked to Ruifengda Assets
On May 13, the stock price of the Hong Kong stock company Riying Holdings plummeted after the opening, falling by more than 60% in the morning, and as of the close of trading at 4 p.m., the share price of Riying Holdings fell by 58%; The trading volume of the stock on that day was 75.828 million shares, which was significantly larger than the previous trading volume, and the turnover was HK $8.3433 million.
In fact, Riying Holdings also saw a sharp drop in its share price last Friday, falling by 21.88%. As of May 13, Riying Holdings closed at HK$0.105 per share, with a total market capitalization of only HK$84 million, as if it had become a penny stock.
On the news side, on the afternoon of May 9, a rumor that "Ruifengda assets ran away and investors' funds could not be redeemed" went viral in the industry; On May 10, the Economic Investigation Detachment of the Shanghai Pudong Branch seized the office of Ruifengda Assets; On the evening of May 11, the official website of the China Securities Regulatory Commission announced that it had filed an investigation against Zhejiang Ruifengda Asset Management Co., Ltd. The China Securities Regulatory Commission said that from the current situation, Ruifengda Company is suspected of a number of violations of laws and regulations, and decided to file a case for investigation and strictly deal with it in accordance with the law.
Although Ruifengda Assets and Riying Company seem to be not directly related in terms of equity, they are actually inextricably linked. According to the reporter's visit, Ruifengda's office is next door to Riying Holdings.
According to the first financial report, many investors mentioned that Sun Wei is the boss behind Ruifengda. On a product contract of Ruifengda Assets provided by the investor, the seals and signatures at the settlement office are Shanghai Steaming Investment Management Co., Ltd. and Sun Wei respectively. Ranran Investment is 100% owned by Riying Investment Holding Group Co., Ltd.
According to the 2023 annual report previously disclosed by Riying Holdings, Shanghai Riying Equity Investment Fund Co., Ltd. and Shanghai Steaming Investment Management Co., Ltd. are affiliated companies of Hong Kong stock Riying Holdings; Sun Wei is one of the executive directors of Riying Holdings, which is controlled by Sun Wei's family members and Shanghai Steaming Investment.
In addition, Tianyancha information shows that the legal representative of Ruifengda Assets is Li Tao, and Li Tao once worked in the general manager office of Riying Group.
In addition, it is understood that after the Ruifengda asset office was seized by the police, the police also asked the property to cooperate with the removal of the logo of Riying Holdings. At present, the office of Riying Holdings has also been banned from entering.
Because Ruifengda Assets is a shareholder of the company, a number of NEEQ companies announced the suspension of trading
The reporter noticed that on May 13, Shuoen Network, Agrocarpus Technology, Hejia Tianjian, Weifu Ji, Bangkele, Haotian Energy Storage, Youlian Shengye, Weicai Education, Longshen Ecology and other new third board companies issued announcements, involving the company's shareholder Ruifengda assets, etc., suspended for verification.
For example, Agrocarpus Technology announced that the company is concerned about the public opinion of the negative news of the shareholder Ruifengda's related private equity funds, and the company has conducted a preliminary verification and disclosed the "Xixian New Area Agrocarpus 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.
Agrocarpus Technology said that in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, it applied for the suspension of the company's shares in accordance with the relevant provisions of the "Implementation Rules for the Suspension and Resumption of Trading of Stocks of Companies Listed on the National Small and Medium-sized Enterprise Share Transfer System" and other relevant regulations. After applying to the National Equities Exchange and Quotations, the company's shares will be suspended from May 13, 2024 and are expected to resume trading before May 27, 2024.
At the same time, Hejia Tianjian announced that the company's shares have risen significantly from July 2023 to February 2024, the company's stock price fluctuations deviate from the market and industry trends, and on May 10, 2024, there are reports on the media platform about the negative news of the company's shareholders Zhejiang Ruifengda Asset Management Co., Ltd. and Jiangsu Ruizhu Private Equity Fund Management Co., Ltd. In order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, the company applies for suspension of trading in accordance with relevant regulations.
Wei Fu Ji also announced that on May 10, 2024, there were reports on the media platform about the negative news of the company's shareholders Ruifengda and Ruizhu's related private equity funds, which attracted the company's great attention. Due to the occurrence of the above-mentioned risk events, in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, in accordance with relevant regulations, apply for the suspension of the company's shares.
The reporter learned from the industry that in terms of investment, some products of Ruifengda assets have multi-layer nesting, and the bottom is invested in some new three board companies.
Editor: Joey
Review: Chen Mo