Picture source: Photograph.comp>
The arrest of a post-70s female chairman unexpectedly detonated a series of huge thunders of 3.4 billion yuan between companies in A-shares, Hong Kong stocks, and US stocks. Even giants such as JD.com and Suning were also affected. .
On the afternoon of July 5, Boxin shares (600083.SH) announced that the company’s actual controller andMs. Luo Jing, the chairman, was criminally detained by the police on June 20.
On the day before the criminal detention, as the chairman of the Hong Kong-listed company Chengxing International Holdings, Luo Jing pledged the equity of the Hong Kong company to Noah Fortune, involving a total of 34 Billion yuan.
Because of stepping on thunder, the stock price plummeted by 20% overnight. Noah Fortune wanted to explain the matter. Unexpectedly, this explanation led to JD.com.
A-share female chairman arrested
triggered "serial explosion"
Last Friday (July 5) In the afternoon, Boxin announced that Ms. Luo Jing, the actual controller and chairman of the company, and Jiang, director and chief financial officer,ShaoyangMr. was criminally detained by the Yangpu Branch of the Shanghai Public Security Bureau on June 20, 2019 and June 25, 2019. Related matters are subject to further investigation by the public security authorities.
Picture source: Screenshot of Chengxing International's official website
According to the data, Luo Jing, born in Hong Kong, China, was born in 1971 and has the Hong Kong University of Science and TechnologyMBA degree.
In 1996, Luo Jing founded Chengxing International Group in Hong Kong, which owns Hong Kong Main Board listed company Chengxing International Holdings (02662.HK), A-share listed company Boxin shares (600083.SH) and CamsingHealthcare (BAC), a company listed on the Singapore Main Board.
Luo Jing is also the chairman and executive director of the board of directors of Chengxing International Holdings and Camsing Healthcare.
On the day when the chairman’s arrest was announced, the share price of A-share company Boxin shares fell by the limit, but unexpectedly consecutively rose by the limit two trading days before this week.
In contrast to the Hong Kong stock market's Chengxing International Holdings, the stock price plummeted 80% this Monday. It was this Hong Kong stock company that stepped on a huge thunder of 3.4 billion yuan.
U.S. stocks Noah Wealth announced "stepping on thunder"
worth 3.4 billion
July 8 In the evening before the US stock market, Noah Wealth announced that the company's Shanghai Gopher Asset Management Co., Ltd. (hereinafter referred to as "Gopher Assets") credit fund provides supply chain financing for relevant third-party companies of Chengxing International Holdings. , The total amount is 3.4 billion yuan.
The actual controller of Chengxing International Holdings was recently detained by the police on suspicion of fraudulent activities. As the fund manager, Gopher Assets has taken various legal actions and promised to perform its obligations in the best way to ensure the interests of these fund investors.
Affected by the incident, Noah's stock price plummeted on July 8 Over 20%, the market value lost about 500 million U.S. dollars, and fell by more than 26% on the 9th.
Noah’s wealth plummeted more than that, because there is news that Noah Asia Fortune is a shareholder of Chengxing International Holdings, holding 670 million shares.
The list of shareholders of Chengxing International Holdings in the stock trading software shows: under Noah Fortune Gopher Assets, Shanghai Noah Investment Management Co., Ltd., Genesis Core Enterprise Series Private Equity Fund, and Noah (Shanghai) Financial Leasing Co., Ltd., all appear in the column of Chengxing International Holdings' major shareholders, with a shareholding ratio of 62.84%.
In this regard, Noah’s official website issued a special statement. Mainly explained three points:
1. Noah Wealth is not a shareholder of Chengxing International Holdings. This is not an equity transfer, but an equity pledge.
2. The stock software shows that Noah Wealth is the controlling shareholder of Chengxing International. According to the regulations of the Hong Kong Stock Exchange, when disclosing such pledge subjects, they should penetrate upward to the actual controller, so the song Noah Wealth, the upper-level shareholder of Fei Assets, and Ms. Wang Jingbo, the actual controller, also disclosed.
It is worth noting that Gopher Assets and Chengxing International Holdings signed the "Equity Pledge Contract" in June this year On the 19th, this was the day before Luo Jing's criminal detention.
At this point, the matter seems to be over. It seems that Noah Wealth has stepped on Chengxing International Holdings.
At this time, Wang Jingbo, founder and chairman of the board of directors of Noah Wealth, sent an internal letter, mainly to appease customers and employees and tell everyone what the company did to resolve this risk. However, in this letter, Wang Jingbo’s first sentence caught people’s attention:
We have a series of funds of core enterprises, and the investment targets of the funds are mainly from related parties of Chengxing International. (Referred to as "Chengxing")The accounts receivable claims with Beijing Jingdong Century Trading Co., Ltd. provide supply chain financing. The actual controller of Chengxing Company was recently taken criminal detention by the Chinese police for suspected fraud.
To put it simply, Luo Jing used the business contract between Chengxing International Holdings and JD to conduct supply chain financing in Noah's company; and Noah Wealth packaged this basic asset as a fund product and sold it. To investors.
Involved in a thunder-stepping case?
Jingdong: It’s a fake contract. Call the police!
However, regarding the content of Wang Jingbo’s internal letter, yesterday (July 9) BOE faced the Daily Economic News (WeChat number: nbdnews) The reporter denied: "AcceptXing is suspected of forging business contracts with JD.com for external fraud. "
JD.com stated in the "Explanation on the Chengxing Incident":
1, Guangdong Chengxing Holding Group Co., Ltd. is an ordinary supplier of JD.strong>, has a certain business in JD.com. Without JD’s knowledge, Chengxing was suspected of forging contracts with JD.com and other companies to commit fraud. In this regard, JD.com has also reported the case to the local public security agency.
2, Shanghai Gopher Asset Management Co., Ltd. did not verify the authenticity of the contract with JD in any way during the process of being defrauded, exposed itself There are major deficiencies in compliance and risk control. Regarding Gopher's fraud, JD.com has actively cooperated with the police to investigate.
3, we hope that Gopher will face up to its management issues and not try to shirk responsibility through confusion. Gopher's unprovoked lawsuit against JD.com has had a serious impact on JD.com’s reputation. JD.com solemnly condemns Gopher’s disregard of facts and reserves the right to take legal measures against it.
Not only did JD.com deny it. Yesterday afternoon, Chengxing International Holdings also responded that: Guangzhou Chengxing is not a member company of the company as reported by the outside world. Said to conclude the relevant contract.
But for Jingdong and Chengxing International Holdings, Noah Fortune did not recognize it. It issued a statement again saying:
1, The relevant party of Chengxing International is a JD supplier, and the two parties have a large number of long-term transactions;
2. Gopher has filed a judicial lawsuit against Chengxing and JD regarding this supply chain financing;
3, Gopher is actively cooperating with the police investigation and respecting the final judgment of the judicial authority.
In addition to JD.com, another e-commerce giant Suning was also affected.
Public information shows that Yunnan Trust once sold a Yunyong No. 1 collective fund trust plan on August 3, 2018, with a product scale of 5000 Ten thousand yuan, The term is 12 months, and it has not yet expired.
The purpose of the project funds is to purchase accounts receivable from leading e-commerce companies held by Guangzhou Chengxing Marketing Management Co., Ltd. (including but not limited to JD.com, Suning, etc.) as the payer, the purchase price is calculated based on 80% of the amount of accounts receivable, and basic accounts receivable can be purchased cyclically during the duration of the trust.
In this project, the first repayment source is Suning.com’s repayment funds used to offset the repurchase price;
The second repayment source is actually controlled by Chengxing International Luo Jing, who is also the guarantor of the project, provides joint liability guarantee. If Guangzhou Chengxing’s repurchase funds are not enough to cover the trust principal and financing costs, Luo Jing will repay the loan.
On the afternoon of July 9, a person close to Suning told the 21st Century Business Herald that the financing of Chengxing International and Luo Jing has nothing to do with Suning, and Suning has not been involved with the company. There is any direct financial transaction.
Reporter | Chen Keyuan Editor | Wang Jiaqi