Riying Holdings (01741) fell nearly 4% again. The stock closed down 58% yesterday. As of press release, it decreased by 3.81% to HK$0.101, with a turnover of HK$6.468 million.
The Zhitong Finance App learned that Riying Holdings (01741) fell by nearly 4%, and the stock closed down 58% yesterday. As of press release, it decreased by 3.81% to HK$0.101, with a turnover of HK$6.468 million.
According to the news, news of private equity Ruifengda's “run away” has recently gone 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.
According to reports, on the product contract provided by an investor, the seal and signature of the payment office were Ching Ran Investment and Sun Wei, respectively. Several investors mentioned that Sun Wei has always been regarded as the boss behind Ruifengda. In response, Riying Holdings issued an announcement last night stating that executive director Sun Wei is suspected of being involved in potential financial fraud, and the incident is currently under investigation. The board was unable to directly contact or find Sun Wei to obtain further information about the incident. After considering the above situation, and in order to allay any concerns of the company's shareholders and the public, the board of directors has decided to immediately suspend all positions and powers of Sun Wei as an executive director until further notice.