Ding Yifeng Holdings (00612) fell 25% in the intraday period. As of press release, it was down 20% to HK$0.64, with a turnover of HK$10.256,500.
The Zhitong Finance App learned that Ding Yifeng Holdings (00612) fell 25% in the intraday period. As of press release, it was down 20% to HK$0.64, with a turnover of HK$10.256,500.
According to the news, according to the Securities Times, the newspaper's reporter recently visited Ding Yifeng's office once again and found that the 53rd, 57th, and 58th floors have all been vacated, but the floor is still full of risk notices about digital options DDO. The purpose is to warn investors that Ding Yifeng's digital options are suspected of being illegal. Some lawyers said that the “Dingdao Digital Options Subscription Agreement”, as well as the dividend and repurchase models, is essentially a financial structure that illegally absorbs public deposits.
It is worth noting that the government has named Ding Yifeng many times before, indicating that it is suspected of illegal fund-raising. On March 28 of this year, the Shenzhen Finance Office issued a document at the Shenzhen Local Financial Administration stating that Dingyifeng International Asset Management Group Co., Ltd. is promoting the issuance of a DDO digital option in China to solicit public subscription and investment. This act is essentially an act of issuing and trading virtual currency, and is an illegal financial activity. Also, in February of this year, the Hong Kong Securities Regulatory Commission announced that it had initiated legal proceedings against Sui Guangyi, former Chairman and non-executive director of Ding Yifeng, and 20 others in the Court of First Instance, alleging that they allegedly manipulated Ding Yifeng's shares between March 1, 2018 and September 14, 2018.