The well-known private equity firm Ruifengda lost its money, and the Hong Kong stock listing Riying Holdings was very hurt.

Today, Riying Holdings plummeted 58% during the day to HK$0.105 per share, with a total market value of HK$84 million. Over a long period of time, the stock price of Riying Holdings has fallen by a cumulative total of 85% during the year.

Since its listing, the stock price of Riying Holdings has experienced several waves of ups and downs. The highest share price reached HK$3.6 per share. The latest round of decline began in mid-March 2022, and has now fallen by more than 95%.

Did the routine of cutting chives come to light?

Recently, Ruifengda, a private equity fund with a management scale of 2 billion to 5 billion yuan, has run away. Its products cannot be claimed, the actual controller is out of touch, and the office is empty, and the police have blocked it.

latest,The Securities Regulatory Commission has confirmed that this private equity firm is suspected of breaking multiple laws and regulationsIt was decided to open a case investigation against it and deal with it strictly in accordance with the law.

According to reports, Ruifengda has traded quite a few New Third Board stocks in the secondary market, and the market value in circulation is generally no more than 500 million yuan, includingSai Rongxin, Hejia Tianjian, Bangke Le, Weifuji, Youlian Shengye, Nongjiang Technology, Haotian Energy Storageetc.

A financial giant has analyzed Ruifengda's cash out process:Traders first buy shares of related companies at a low level, then raise the stock price, and then use private equity fund money to take over the market when they are at a high position. This is how“cash out”After operation, the private equity investor's money becomes the trader's money.

After sorting through, many of the stocks bought by Ruifengda have very strange trends, and there is a possibility that they will be taken over at a high level.

Ruifengda's private equity firm bought 1.109 million shares of Shaoxin on May 7, and on this day,Sai Rongxin's stock price opened at 42.13 yuan, rose to an intraday high of 80 yuan, and finally closed at 50 yuan.The fluctuations were intense, and trading was suspended from May 8, and trading is expected to resume before May 22.

In the fourth quarter of last year, Ruifengda's funds bought 2.09 million shares of Jiatianjian shares, and the company's stock price increased more than 23 times from June 28, 2023 to December 28, 2023.

In the fourth quarter of last year, Ruifengda also became the top ten shareholders of Weifuji. The company's stock price increased 41 times over 21 trading days starting July 6, 2023.

Today,Hejiatianjian has announced the suspension of tradingThe reason is that the company's stock rose significantly from July 2023 to February 2024. Fluctuations deviated from market and industry trends, and there were reports in the media about private equity funds related to Ruifengda and Jiangsu Ruizhu.

In addition, trading was suspended due to negative news involving private equity funds related to Ruifengda and Jiangsu Ruizhu.

Is Niswin Holdings involved?

When analyzing Ruifunda, the media foundRiying Investment (Riying Investment Holding Group Co., Ltd.) has a strong relationship with Ruifengda.

First, the two offices are close. Riying Investment's office (No. 8, Huifengda) is next to Ruifengda's office (No. 10, Huifengda).

Second, both companies have the same registered phone number and email address. In addition, 75 companies also use this registered phone, and nearly 30% of them are related to Riying in terms of name.
Third, the seal and signature on the payment section of the product contract provided by an investor were Shanghai Chengran Investment and Sun Wei, respectively. Meanwhile, Chengran Investment is 100% owned by Riying Investment Holding Group Co., Ltd.

In addition, several investors also claimed thatRuifengda's actual controller is a mysterious person named Sun Wei.Sun Wei and Li Min, the chairman of Riying Investment, are husband and wife.

According to information from the China Foundation Association, Ruifengda's actual controller is Qiu Wenlong, and Li Min is indeed the actual controller of Riying Investment.

Previously, on May 5, Lee Min also posted “Harvest Theory” in his circle of friends:

“Remember: don't be greedy; otherwise, there will definitely be a 'scythe' waiting to harvest you; the middle class will be harvested by financial management, the rich will be harvested by trusts, small institutions will be harvested by big institutions, and the big guys will be harvested by ambition. If you haven't been harvested, congratulations, you are the happiest person!”

However, Sun Wei and Riying Investment also have a certain connection with Riying Holdings, a Hong Kong stock listed company.

Looking through the 2023 annual report of Hong Kong Stock Exchange Riying Holdings, one of its executive directors and shareholders is Sun Wei. He has been the deputy general manager of Riying Investment since 2012 and the executive director of Riying Holdings since 20219.

Sun Wei bought 192,000 shares of Riying Holdings on March 1, 2023, and reduced his holdings of Riying Holdings by 7236.4 shares on April 26, 2023. Currently, he holds 11963.6 shares.

What is more interesting is that Riying Holdings mentioned Riying Investment when explaining payables and stated that it is “controlled by Sun Wei and his family members.”

However, although Ruifengda, Sun Wei, and Riying Investment seem to have a certain connection with Riying Holdings,Riying Holdings is registered and operated in Hong Kong, and is engaged in construction, health management, and consulting services.

Since its listing in 2019, Riying Holdings has only had positive net profit attributable to mother in 2020. It lost HK$1.07 million, HK$21.274 million and HK$136 million in 2019, 2021 and 2022, respectively, and HK$2.6 million in 2023.