On the evening of April 10, the Shenzhen Public Security Bureau issued a circular saying that recently, the criminal syndicate headed by Zhang Wei, a legal person of Shenzhen Zhongke Chuang Financial Holding Group Co., Ltd. was abolished.
According to the report of the anti-gangster Office of Shenzhen Public Security Bureau, with the approval of the procuratorial organs, 44 suspects, such as Zhang Wei, Han Zuoji and Wang Dong, were arrested for organizing, leading and participating in gangster-like organizations, as well as for the crimes of illegal detention, provocation, extortion, false litigation, fraud and illegal possession of firearms and ammunition.
It has been found that the criminal syndicate involved in the crime has made up investment projects, illegally absorbed public deposits, obtained huge amounts of funds and then used them for high-interest lending to make profits through the establishment of 88 Wealth Network network financing platform. It has also adopted violent means such as on-the-spot receipt, illegal detention and provocation to force collection. It has also made false bank running water, blank debt confirmation, and leveraged loans. The debtor is compelled to repay his debts by means of false litigation.
Several senior executives, including Mr. Zhang Wei of China Science Foundation, assisted in the investigation at the end of last year.
On January 3, this year, Sinopec New Materials, a listed company of Sinopec Chuang, issued a bulletin. Zhang Wei, the actual controller of Sinopec Chuang, assisted in the investigation. Since then, the huge empire of Sino-Kechuang has been in turmoil.
According to the announcement of Sino-Tech New Material, the office space of Shenzhen Sino-Tech Capital Management Co., Ltd. (hereinafter referred to as Sino-Tech Creation) as the controlling shareholder of the company was sealed up by relevant departments. The actual controller of the company, Zhang Wei, Chairman and General Manager of the company, Ai Ping, Director Zhang Xiaoxuan, Director Renjie and Huang Bin, the legal representative of Sino-Tech Creation Commercial Factoring (Sino-Tech Creation Factoring) were temporarily The law fulfills its duties; the 77.667.79 million shares of Sino-Tech New Materials held by the controlling shareholder of the company are frozen by Longgang Branch of Shenzhen Public Security Bureau.
According to Sino-Tech New Materials, the aforementioned issues will not have a significant impact on Sino-Techs business factoring in the short term (Sino-Techs value investment does not carry out specific business), will not have an impact on the companys performance in 2018, and will not affect the operation of other businesses of the company. The company is further understanding the relevant situation, will apply for the release of subsidiary office space and return the relevant information.
The incident quickly attracted attention from the outside world.
On January 18, in response to an inquiry letter from Shenzhen Stock Exchange, Sino-Tech New Materials said that on the morning of December 29, 2018, the company secretary went to Shenzhen to verify that the office space of Shenzhen subsidiary was sealed up, and went to the Xiangmihu Police Station in Futian District of Shenzhen City and the Longgang Branch of Shenzhen Public Security Bureau to know the relevant information. The Xiangmihu Police Station and Longgang Branch did not give any explanation on the grounds of inconvenience in revealing In the afternoon of the same day, Dong Secretariat reported to Jiangsu Securities Regulatory Bureau on the above-mentioned situation.
Sino-Tech New Materials also said that from December 30, 2018 to January 1, 2019, the company contacted and continued to communicate with the family members of the actual controller, Mr. Zhang Wei. Mr. Zhang Weis family members informed him that Mr. Zhang Wei was taken away by the relevant departments to assist in the investigation. Their family members did not receive any written documents and did not know the specific reasons and progress of the actual controller being asked to assist in the investigation.
On January 28, Sino-Tech New Material announced that on January 26, the company contacted Ms. Aiping, the chairman and general manager, and on January 27, 2019, the company contacted Ms. Zhang Xiaoxuan, the director. Both of them have returned home and can perform their duties as directors.
Sino-Tech Group was listed as an abnormal operation
In March this year, the Beijing News reported that Sino-Kechuang Financial Holding Group Co., Ltd. and Sino-Kechuang Asset Management Co., Ltd. have been listed on the list of business anomalies by the industrial and commercial departments.
On March 11, a reporter from the Beijing News called the controlling shareholder to create new materials for China Science and Technology. People from the other sides Securities Department told Xinjing News that it was not clear that this was a matter for controlling shareholders and had nothing to do with the listed company.
On March 11, a reporter from the Beijing News learned from the business data that China Kechuang Financial Holdings Co., Ltd. (hereinafter referred to as China Kechuang Group) had been listed on the list of abnormal operations by Baoan Bureau of Shenzhen Market and Quality Supervision and Administration Commission on March 4 for the reason that the registered domicile or business place can not be contacted.
In addition, Shenzhen Zhongkechuang Asset Management Co., Ltd. (hereinafter referred to as Zhongkechuang Assets) has also been listed as abnormal operation by the industrial and commercial departments.
Enterprise credit information system enterprise survey shows that the legal representatives of Sino-Kechuang Group and Sino-Kechuang Assets are Zhang Wei per capita. China Technological Creation Group has invested dozens of enterprises abroad, with more than 80 holding enterprises. Sino-Tech Capital has also invested in dozens of enterprises, including listed companies Sino-Tech New Materials.
Zhongke has allegedly accumulated more than 50 billion assets under management
According to some information, Sino-Tech Creation Group was established in 2004, headquartered in Shenzhen, and has provided financial services to more than 100 listed companies, with a total management assets of more than 50 billion yuan.
Prior to this, Sino-Kechuang Finance has participated in the Boao Forum for Asia on many occasions, and is also one of the gold medal partners of the Boao Forum for Asia Annual Meeting in 2017.
During the annual meeting of the Boao Forum for Asia in 2016, Zhang Weizeng said that the future development plan of Sino-Technological Creation is to make full use of the capital platform of listed companies and gradually transform from companies providing traditional financial services to companies providing innovative financial development and industrial finance. Through good domestic market mechanism, it seeks tourism, health, sports, culture, education and the future. Excellent global partners in the six ecosystems of industry.
According to the first financial report, Zhang Wei first proposed the idea of sharing financial ecosphere in the industry. In the future, traditional finance and innovative finance will be deeply integrated into industrial finance, and eventually become a conventional means of asset allocation within enterprises, in the ecological chain where enterprises are located, and in the assets resources of customers.
In the capital market, China Kechuang also made a high-profile appearance.
In October 2016, Sino-Tech New Material announced that Sino-Tech Chuang Assets, which holds 27.42% of the companys equity, will become the controlling shareholder of the company, and Mr. Zhang Wei, who holds 100% of the companys assets, will become the actual controller of the company.
At that time, Sino-Tech New Materials said that the main business of the company controlled by Zhang Wei covers wealth management, industrial funds, capital investment, Internet finance, financing guarantees and micro-loans. In order to fully protect the interests of listed companies and avoid or reduce competition with listed companies in the future, the Declaration and Letter of Commitment on Avoiding Competition with Listed Companies was signed according to Mr. Zhang Wei and Zhongke Chuang Assets. Zhang Wei promised that enterprises with control rights would withdraw from the competition with listed companies in the following ways: (1) stop the business that constitutes competition or may constitute competition with listed companies; (2) incorporate competing business into the operation of listed companies; (3) transfer competing business to unrelated third parties; (4) other ways that are conducive to safeguarding the rights and interests of listed companies. u3002 (5) If there are any business opportunities to engage in and participate in any activities that may constitute competition with the operation of the listed company, the listed company shall be immediately notified of the above business opportunities.
Sinopecs new materials are doing well at present.
According to the announcement of Sino-Tech New Materials at the end of February this year, in 2018, the companys household appliances appearance composite business revenue and business factoring business revenue were slightly increased. During the reporting period, the companys total operating income, operating profit, total profit and net profit attributable to shareholders of listed companies increased by 21.15%, 399.04%, 403.95% and 2470.23%, respectively.
According to Sino-Tech New Materials, it is mainly due to the large amount of impairment of financial assets available for sale in 2017, resulting in a low net profit base in 2017.
In addition to controlling the new materials of Sinopec, Sinopec has also intervened in the new Huangpu and Tianmu pharmaceutical industries, which has aroused concern in the capital market.
Source: New Beijing Daily Responsible Editor: Li Wan_B11284