① What is the relationship between Hong Kong Stock Day Win Holdings and the private equity Ruifengda? ② What's the company's latest response to this?
Financial Services Association, May 13 (Editor Tong Gu) -- Hong Kong stock listed company Riying Holdings (01741.HK) opened low today. As of press time, it was down 57% and traded over HK$7 million.
On the A-share side, on May 13, Ruifengda announced the suspension of trading of a number of individual stocks on the New Third Board. A number of New Third Board companies announced that the company has carried out preliminary checks on public opinion relating to negative news about private equity funds related to shareholder Ruifengda. In light of the drastic changes in stock prices in the previous period, the company plans to check the above matters.
Note: Nikwin Holdings Japan-K Line
A Financial Services Association reporter called Hong Kong Stock Day Win Holdings Limited three times today to learn more about private equity Ruifengda. The company's staff said for the first time that the director was on the phone and then called again in 10 minutes. The second time indicates that it is busy. On the third call, the company had already asked three questions and was unaware. In response to all of Sun Wei's related inquiries, they said they were unaware. The Financial Services Association will keep an eye on this matter.
According to the news, recently, news of private equity Ruifengda's “run away” went viral in the market. According to reports, at present, the private equity product is no longer redeemable, the company's actual controller is out of touch, and some investors have reported the crime. On May 10, the office on the 3rd floor of Yard 10 of Ruifengda's office was closed by the Pudong New Area Economic Investigation Detachment. In addition, access to Ruifengda's largest affiliate, Riying Holdings (Riying Investment Holding Group Co., Ltd.), located in Building 8 of Huifengda Mansion, has also been restricted.
Note: Ruifengda's office in Building 10, Huigong, Pudong New Area, Shanghai is empty
According to data obtained by the Financial Services Association reporter a few days ago, the so-called products issued by Ruidafeng are underfunded with earnings. On the product contract provided by an investor, the seal and signature were Shanghai Zhengran Investment Management Co., Ltd. and Sun Wei, respectively. Zheng Ran Investment is 100% owned by Riying Investment Holding Group Co., Ltd., and Riying Investment's office is next to Ruifengda. Several investors mentioned on the scene that Sun Wei has always been regarded as the boss behind Ruifengda. Although Ruifengda has no direct equity relationship with Riying Investment or Chun Ran Investment, investors and agents of the company's products all claimed that Li Min, the chairman of Riying Investment, and Sun Wei are husband and wife. The reporter's investigation found that companies such as Sun Wei, Riying Investment, and Chengran Investment have various connections with Ruifengda.
According to the 2023 annual report of Hong Kong Stock Riying Holdings, Riying Group (Riying Investment Holding Group Co., Ltd.) is an affiliate of Hong Kong Stock Riying Holdings (Riying Holdings Limited).
According to the annual report, Sun Wei is one of the directors of Hong Kong Stock Riying Holdings, while Riying Investment Holding Group Co., Ltd. is controlled by members of Sun Wei's family.
Photo note: Riying Holdings' 2023 Annual Report
According to its announcement, Sun Wei is one of the majority shareholders of Hong Kong Stock Exchange Riying Holdings.
Photo note: Sun Wei is the majority shareholder of Hong Kong Stock Riying Holdings
The China Securities Regulatory Commission has opened an investigation
In terms of supervision, the China Securities Regulatory Commission has attached great importance to it and acted swiftly to organize relevant units such as the Securities Regulatory Bureau and the Fund Industry Association to carry out inspections. Judging from the information currently available, Ruifengda is suspected of multiple violations of laws and regulations, and the Securities Regulatory Commission decided to open a case investigation against it and deal with it strictly according to law. The Securities Regulatory Commission has reported the situation to the public security authorities and others to strengthen coordination and cooperation. In the next step, the Securities Regulatory Commission will work with relevant parties to actively and steadily advance risk management, maintain market order, and effectively protect the legitimate rights and interests of investors.