pokerrulessimple| Several New Third Board stocks invested by Ruifengda have been suspended

On May 13, Ruifengda announced the suspension of trading in a number of new third-board stocks. For example, Youlian Shengye announced that as of April 30, 2024, there were private equity products managed by Ruifengda among the company's shareholders. The company's stock rose significantly from February 2022 to May 2024, and the stock price fluctuation deviated from the market and industry trend, which attracted the company's great attention. Trading in the company's shares has been suspended since May 13, 2024 and is expected to resume before May 27, 2024. Farmer Technology issued a notice saying that the company has paid attention to public opinion, and the company has carried out preliminary verification and proposed to carry out verification in the light of the substantial changes in the company's previous share price. Trading in the company's shares will be suspended from May 13, 2024, and trading is expected to resume before May 27, 2024.

The reporter noticed that the Hong Kong listed company associated with Ruifengda (HK01741, share price 0.Pokerrulessimple.100 Hong Kong dollars, with a market capitalization of 80 million Hong Kong dollars) fell more than 60% at one point on May 13, and by the close of the day, the decline reached 58%.Pokerrulessimple.00%. On May 14, Nissan Holdings closed down 4.76 per cent at HK $0.100.

Suspected of a number of violations

The performance of Ruifengda's products is quite amazing, according to private placement network data. as of April 30, 2024, Ruifengda's net worth of Rui 1 unit was 8.9543, with a profit of less than 795.43% in two years.

According to a recommendation of Ruifengda Asset's products to the Daily Business News, Ruifengda's high net worth customers account for 80%, futures and securities firms account for 15%, and listed companies and others account for 5%.

For earning in two yearsPokerrulessimpleEight times the number of private equity fund managers, how do you make such a high return? According to private equity sources, Ruifengda's products are mainly invested in new third-board stocks, which may involve illegal trading.

Public information shows that Ruifengda's products appear among the top 10 shareholders of a number of new third board listed companies, some of which have recently appeared.PokerrulessimpleThere are obvious high volume, such as Sirongxin, Jiatianjian, Farmer Technology, and so on, and the time for these companies to focus on the volume appeared on May 7 before the incident.

For Zhejiang Ruifengda assets run away, the CSRC spoke out on May 11. According to the website of the CSRC, the "runaway" of the actual controller of Zhejiang Ruifengda assets has attracted the attention of all parties. The CSRC attaches great importance to it and acts quickly, organizing the Securities Regulatory Bureau, the Fund Industry Association and other relevant units to carry out verification. Judging from the current situation, Ruifengda is suspected of a number of violations, and the CSRC decided to file a case for investigation and deal with it strictly in accordance with the law.

Affected by Ruifengda, its affiliated Hong Kong listed company, Nikkei Holdings, fell by more than 60% on May 13. By the end of the day, it was down 58.00%.

On the face of the news, at present, Ruidafeng is "running away", the product can not be redeemed, and the actual controller of the company has been lost. On May 10, the office space on the third floor of No. 10 House of Ruifengda Office has been closed by the economic investigation detachment of Pudong New area. In addition, the offices of Risheng Group (Riwin Investment Holdings Group Co., Ltd.), Ruifengda's largest affiliated company, in Building 8 of Huigong Hall are also restricted.

Use loopholes to transfer funds?

The reporter accessed the information of Zhejiang Ruifengda Asset Management Co., Ltd. through Qixinbao. Two of the four phone numbers announced in the company's annual report went unanswered. The reporter contacted Ruifengda assets according to the landline number provided by Qixinbao, but the phone showed Shanghai's daily winning investment. In addition, Li Min, chairman of Riwin Holdings, Ruifengda's largest affiliated company by assets, posted a "harvest theory" on Wechat moments a week ago, talking freely that "all kinds of investors will eventually be harvested," according to the China Securities News.

It is worth noting that due to Ruifengda's product "packaging" performance is quite amazing, making the company's product release unimpeded.

According to a person familiar with the matter, "after the boss of Ruifengda did something bad with 500 million yuan, he started to invest 20 million. After 1:4, he gave priority to the inferior, and the capital preservation was 8%. The commission of Ruifengda was 4 points, which was higher than that of P2P."

Ruifengda assets are also issuing new products intensively in March 2024. Information from the China Foundation Association shows that Ruifengda assets successively filed private equity products such as Ruifeng Dafu Xi No. 1, Ruifengda Jingwei No. 1 and Ruifengda Qingcheng No. 7 in 2024.

Due to poor liquidity, we can often see some small buying or selling orders in the new third board market that can cause large fluctuations in the company's stock price. for example, on May 7, the trading volume of Xirongxin reached 12870 lots, with a turnover of 103 million yuan. the corresponding average transaction price is 80 yuan per share, while the highest price of the stock on that day is exactly 80 yuan per share. According to the Sai Rong letter announcement on May 8, two products owned by Ruifengda and Jiangsu Ruizhu bought a total of 845000 shares of Sai Rong Xin through competitive trading on May 7.

Ruifengda may be using this loophole to transfer funds. Some private equity people told the Daily Business News that the liquidity of the new third board is very poor, and many stocks of the new third board are not available all the year round. If the counterparty collects enough chips at the low level and then sells them at the high level, it is indeed possible to transfer the funds of the private equity fund to the counterparty.