roulettegamehowtoplay| Starting from Ruifengda's related parties, daily win-win investment: What is the relationship between claiming to invest in multiple unicorns and Hong Kong-listed companies?

Special topic: the CSRC files a case against Ruifengda and is suspected of a number of violations.

Source: Zhongxin longitude and latitude

Zhongxin Jingwei, May 14 (Luo Kun Li Ziman intern Xue Tingyang) Private placement of Zhejiang Ruifengda Asset Management Co., Ltd. (hereinafter referred to as Ruifengda) "runaway incident" continues to fermentRoulettegamehowtoplayIt also brings many of its affiliated companies into public view.

Among them, Riwin Investment holding Group Co., Ltd. (hereinafter referred to as Nissan Investment) is referred to as Ruifengda's largest affiliated company. On the 13th, Hong Kong-listed Risheng Holdings Limited (hereinafter referred to as Nissan Holdings) fell sharply, falling by more than 60% at one time.

Looking at the official website of Japan-win Investment, it is not difficult to find that the company is full of doubts. The company's website calls itself Nippon Holdings for short and says it will be listed in Hong Kong in 2019. According to public information, Hong Kong listed company Riwin Holdings listed in 2018. In addition, it claims to have invested in a number of unicorns, but it is rarely reported publicly.

What is the relationship among Ruifengda, Nippon Investment and Nippon Holdings?

Ruifengda is related to Japanese investment in many ways.

It was founded in 2012 and claims to be an one-stop service holding group that provides customers with health, wealth freedom and inner happiness, according to its website. According to the official website, its goal is to create 101 listed companies, achieve 101% annual income for customers, and become a century-old enterprise for more than 101 years.

According to media reports, some investors said that Sun Wei, the invisible controller of Ruifengda, and Li Min, chairman of Risheng Investment, were husband and wife, and said that Nissan Investment or Ruifengda's largest related company. The Risheng investment office, which is located in the Huigong residence in Beicai Town, Pudong New area, Shanghai, has been restricted, according to the report.

Industrial and commercial data show that as many as 75 companies share the same office phone with Ruifengda, including more than 20 companies that start with "winning every day", all of which are subsidiaries or affiliated enterprises with daily winning investments.

Zhongxin Jingwei noticed that on the official website of Japan win Investment, there is a rotation chart on the home page showing "how to layout the market in the third quarter," with the words "Ruifengda" marked in the upper right corner.

In addition to these apparent connections, there are also many equity links between Ruifengda and Riwin Investment.

Through Tianyan App inquiry, Zhongxin Jingwei found that Ruifengda's shareholders are Hainan Wisdom City holding Group Co., Ltd. (hereinafter referred to as Hainan Wisdom) and Shanghai Qingcheng Culture Club Co., Ltd. (hereinafter referred to as Shanghai Qingcheng). The two companies own 51% and 49% of Ruifeng respectively.

Building 10 of the Hui Mansion, where Ruifengda is located, is mainly home to the Hainan Wisdom team, thepaper.cn reported.

Industrial and commercial data show that Hainan Wisdom and Shanghai Qingcheng are related to Japanese winning investment.

Japan wins the history of foreign investment enterprise "Zhishu Dali (Shanghai) Enterprise Development Co., Ltd." 21% equity is held by "Hainan Smart City holding Group Co., Ltd.". Liu Weibin, a senior executive of Risheng Investment History, was a shareholder of Shanghai Rongqi Trading Co., Ltd. (hereinafter referred to as Shanghai Rongqi), with a 50% share participation, subscribed to 2.5 million yuan, and served as a supervisor in Shanghai Rongqi.

Shanghai Rongqi 100% controls Hainan Wisdom. At present, the actual control of Shanghai Rong Qi is Chen Tao. Chen Tao is also the beneficiary owner of Ruifengda, which owns up to 40% of Ruifeng.Roulettegamehowtoplay.8% shares.

Shanghai Qingcheng, another shareholder of Ruifengda, and Huazu (Jilin) Energy Investment Co., Ltd. jointly control Shanghai Qingsheng Enterprise Management Co., Ltd. According to Tianyan check, Huachu (Jilin) Energy Investment Co., Ltd. is 100% controlled by China carbon Investment (Jilin) Shuangcarbon Operation Group Co., Ltd., while Riwin Investment owns 65% of China carbon Investment (Jilin) Shuangcarbon Operation Group Co., Ltd.

VS "Sun win Holdings": key person Sun Wei surfaced

According to the annual report of Risheng Holdings, Nissan Investment is controlled by Sun Wei, executive director of Nissan Holdings and his family members. The financial report shows that as of September 30, 2023, other payables payable to related parties' daily winning investments were approximately HK $4.774 million (compared with HK $2.041 million in 2022). The amount is non-tradable, unsecured, non-interest-bearing and has no fixed repayment term. However, the financial report did not disclose the specific nature and use of the money.

It is worth noting that industrial and commercial data show that there is no equity relationship between Risheng Investment Holdings Group Co., Ltd. and Risheng Holdings Co., Ltd.

However, the opening of the official website of Japanese win Investment shows the four big words of Japan win Holdings, and it also introduces in the course of development that in 2019, Japan win Holdings was officially listed in Hong Kong, making many investors mistakenly think that the two main bodies are one company.

In fact, Nissan Holdings was not listed in 2019, but on October 16, 2018. Its main business is construction, mainly providing services such as foundation and site formation works.

However, according to some daily win investment promotional documents searched through public channels, on September 18, 2019, Nissan Holdings was successfully listed on the main board of the Stock Exchange of Hong Kong. Ms. Li Min, Chairman of Nissan Holdings, and Mr. Sun Wei, General Manager, attended the gong ceremony, which sounded the gong of listing and witnessed the important moment of Risheng Holdings' listing in Hong Kong. The official website of Japan win Investment also released an article on September 18, 2020 to commemorate the first anniversary of the listing of win Holdings.

According to an announcement issued by Risheng Holdings, its business history, formerly known as Chengzhi Holdings, can be traced back to Liu Zhihong Architectural Engineering firm founded by Liu Zhihong in 1989 (the first member company of the group). Subsequently, the Liu brothers further expanded their business scope and changed their name to Riwin Holdings on September 18, 2019. There is no Li Min on the board of directors of Risheng Holdings, whose chairman is Liu Zhihong, while Sun Wei is also an executive director, not general manager. In addition, Japan win Holdings also has another official website, which is completely different from the official website and style of Japan win Investment.

It is worth noting that the Hong Kong headquarters announced on the official website of Riwin Investment is 317, 6 / F, Kai Tak Commercial Building, 319 des Voeux Road Central, Sheung Wan, Hong Kong. The company address of Hong Kong listed company Riwin Holdings is 6 / F, Kai Tak Commercial Building, 317-319 des Voeux Road Central, Sheung Wan, Hong Kong. On the 13th, the Zhongxin Jingwei Jingjing on-site visit found the same address, but the office environment showed that Risheng Holdings shared the same office floor with subsidiaries of its construction companies, while the name of Nisheng Investment could not be found on the door plaque.

On the same day, Risheng Holdings staff told visiting reporters that the company is still operating normally, "there is no big problem", and said that it is not clear about the relationship between Risheng Holdings and runaway private equity Ruifengda. When asked about Sun Wei, a co-executive with Nisheng Investment in the mainland, the telephone connection staff on the official website of Nisheng Holdings said that the business in Hong Kong, China is different from that in mainland China, and that companies in Hong Kong are mainly "engineering workers." When asked whether Risheng Investment was Sun Wei's personal control company, the wiring staff also said they did not know.

Shen Meng, director of Xiangsong Capital, told Zhongxin Jingwei that if the two companies do not have any connection and are suspected of taking the opportunity to package themselves, there is a risk of misleading investors.

So, do the real Hong Kong listed companies know about the "enigma operation" of the Japanese win investment series?

On the evening of the 13th, Riwin Holdings announced that the executive director, a director of a subsidiary of the company and Sun Wei, the legal representative of a subsidiary of the company, were suspected of being involved in potential financial fraud. the incident is currently being investigated by the relevant authorities. On the same day, the board of directors held a meeting to discuss the incident, but Sun Wei could not be directly contacted or contacted for further information about the incident. Having considered the above and in order to allay any concerns of the shareholders and the public of the Company, the Board has decided to suspend all duties and powers of Sun Wei as an executive director in real time until further notice.

On the morning of the 14th, Zhongxin Jingwei once again called Risheng Holdings to ask if they knew about the Japanese win investment series. The wiring staff only said "I don't know" and said "I don't know" on other issues, including when Nisheng Holdings was listed in Hong Kong.

Who on earth is Sun Wei, who is the link between Japan-win holding and Japan-win investment? Sun Wei, 39, was appointed executive director on April 25, 2019, according to the 2023 annual report of Risheng Holdings. He serves as a director of Risheng Group Co., Ltd., Hong Kong Riwin Holdings International Holdings Co., Ltd., Shanghai Medical plus Medical Technology Co., Ltd. (formerly known as Shanghai CaiRecreation Health Management Co., Ltd.), Jiangsu Medical plus Medical Hospital Management Co., Ltd., and Shanghai Medical plus Medical Brand Management Co., Ltd. (all are subsidiaries of Riwin Holdings).

Since 2012, Sun Wei has been deputy general manager of Risheng Investment Management Group Co., Ltd., and has been deputy general manager of Beijing Baofeng Construction Enterprise Trading Co., Ltd since November 2016. In addition, since July 2017, he has served as a supervisor of Love Life Insurance Co., Ltd.

Sun Wei is good at the top-level architecture planning of financial products such as PE project investment, and has participated in many of these investments, according to the Risheng investment website. Sun Wei has participated in Bona Pictures, Weiying era, Love Life and other projects, according to the Risheng investment website.

Combined with the timeline of Sun Wei's personal resume and the time when Risheng Holdings changed its name, the board recommended that Chengzhi Holdings change its name just three months after Sun Wei was appointed executive director.

Risheng Investment was established in the mainland in 2012, with Sun Wei and Li Min holding 1 per cent and 99 per cent respectively. According to the change record, Sun Wei and Li Min have been shareholders of Japan win Investment for many years since 2014, and Sun Wei ceased to be the legal representative of the company in March this year. At present, the legal representative of Japan-win Investment is Liu Xiao.

Why would a construction company that is already listed in Hong Kong change its name to a name that looks very similar to a mainland investment company? Does it lay the groundwork for the future promotion of listed companies in order to win the investment in Japan? The announcement of the proposed name change at that time only said that the new name would better reflect and highlight the company's future strategic business plan and provide the company with a new corporate image and identity, which would be conducive to the company's future development.

Claim to invest in many unicorns

Its investment projects include Hongjitang, 360 Finance, Love Life, Boehner Pictures, Cat's Eye Film, Hujiang net School, Fayun and Tiantian Orchard, according to its website.

Through the inquiry of the "financing course" function of App, Zhongxin Jingwei found that only Hongjitang, Love Life Insurance, Hujiang online School, and not cloud appeared daily winning investment in the financing process, but there was no daily winning investment in the financing process of the other companies mentioned above.

In addition, Japan win Investment also claimed on its official website that it successfully invested in Ant Financial Services Group, Meituan-Dianping, DiDi and other unicorn projects in 2016.

On the 14th, Zhongxin Jingwei called the office of the board of directors of Bona Pictures, and the relevant personnel said that Risheng Investment was not on the list of shareholders holding more than 5% of shares, nor in the list of the top 100 shareholders. However, it does not rule out the possibility that the company indirectly holds a partial stake in Bona Pictures through some limited partnerships.

"according to the search results of our third party, either Sun Wei or Sun Wei does not directly own a stake in our company (1896.HK), and the investor relations department has never contacted Risheng Investment or Sun Wei," a person related to the Cat Eye film told Zhongxin Jingwei.

In addition, Zhongxin Jingwei learned from the Hongjitang board of directors that Risheng Investment is not a shareholder of the company and is not aware of the Ruifeng Da run incident.

Day Eye check App shows that Daily win Investment does have equity relations with some of the above-mentioned enterprises (Hongjitang, Love Life Insurance, Hujiang Network School, non-Cloud, 360Financial, Bona Pictures, Ant Financial Services Group, Dianping, Cell Group, Huichen Information, Weiying era), but mostly through related companies and third-party investment companies, the specific proportion of equity participation is unknown. For example, in the equity participation of Beijing Weiying Times Technology Co., Ltd., it involves a number of third-party investment companies, such as Letv Sports Culture Industry Development (Beijing) Co., Ltd., Shanghai Yunfeng New Equity Investment Center (limited partnership), Shenzhen Litong Industrial Investment Fund Co., Ltd.

From the perspective of public reports, it is rare to see these unicorn enterprises associated with Japanese-win investment, and the relevant responsible persons of the above-mentioned enterprises have not been seen to participate in the related activities held by Japanese-winning investment. Some industry insiders point out that Japanese-winning investments or funds issued by third-party companies are related to some star enterprises, but it is inappropriate to declare "successful investment" directly.

Zhang Cuixia, chief investment adviser at Jufeng Investment, told Zhongxin Jingwei that it is not objective to buy a small stake in a unicorn company by buying a fund issued by a third-party company, but declare on the official website that it has invested in a unicorn company. Investment and purchase of fund shares are two concepts and cannot be equated.

Zhang Cuixia explained that investment is the shareholder qualification obtained by shareholders based on their capital contribution obligations and enjoy the right to obtain economic benefits from the company and participate in the operation and management of the company. If an enterprise buys the shares of a unicorn enterprise through a fund company, it actually buys the relevant fund share, so the enterprise should not take a little fund share of the unicorn enterprise purchased from the fund company as its own direct investment behavior.

However, she also pointed out that relevant incidents are now under investigation, and some of the circumstances still need to be understood through penetration before a final conclusion can be drawn.

On the 13th and 14th, Zhongxin Jingwei called the official website of Riying Investment, but no one answered.

What is quite interesting is that there is currently a statement in March 2022 on the front page of its official website stating that recently, some criminals have pretended to be in the name of the company to publish false information and engage in illegal and criminal activities such as recommending stocks. The company insists on zero tolerance and zero tolerance in this regard. With the attitude of tolerance, it will cooperate with the public security organs and industrial and commercial records to investigate the case. In order to allow all sectors of society to distinguish between authenticity and falsehood and avoid infringement of personal property, the company solemnly declares that violators posing as the company must immediately stop all infringement and illegal activities, and the company will reserve the right to bring their illegal actions to the law.