Beijing, East and Suning: Guangdong Chengxing is suspected of forging contracts for fraud

category:Finance
 Beijing, East and Suning: Guangdong Chengxing is suspected of forging contracts for fraud


According to public data, Luo Jing has three listed companies: A-share Boxin Share, Hong Kong Stock Chengxing International Holdings (02662.HK) and Singapore Main Board Company Camsing Health Care (BAC).

Noah Wealth shares plunged 22.53% in the evening of July 8 after the opening of the U.S. stock market. Noah Wealth closed the day down 20.43% to $35.6 a share, with its market value shrinking by about $550 million.

Noah Fortunes products are a series of private equity funds for the core enterprises of Shanghai Goffer Asset Management. According to the official website of China Fund Industry Association, Noah Wealth issued 34 private equity funds in 2017 and 2018.

In a statement released to the media on the evening of July 8, Goffer Assets said that as fund manager, the company had taken various legal measures, and earnestly fulfilled its duties as manager, and fully safeguarded the legitimate rights and interests of fund investors according to law. Because the related parties involved in financial fraud are still in the process of criminal investigation, the company expects to be unable to distribute the funds temporarily at the expiration of the investment period of the Genesis Core Enterprise Series Private Equity Fund, so the investment maturity date of the fund shares is postponed according to the agreement of the fund contract.

The involvement of Jingdong Suning in the aforementioned incident originated from Noah Wealth Chairman Wang Jingbos reference in an internal mail. The investment target of the above-mentioned fund is mainly to provide supply chain financing for Chengxing International related parties on their accounts receivable claims with Beijing Jingdong Century Trading Co., Ltd.

According to media reports, Luo Jing raised 50 million yuan in public through Yunnan International Trust, which is pledged by the leading accounts payable of Guangzhou Chengxing. The collective fund trust is scheduled to be issued in August last year and lasts for 12 months. In other words, it will expire next month. Among them, the leading electronics companies mentioned include Jingdong and Suning. In addition to announcing that Guangdong Chengxing suspected of forging contracts with Jingdong and other companies for fraud, Beijing Dongmian also pointed out in a statement issued today that Shanghai Geofei Asset Management Co., Ltd. in the process of being fraudulent has not passed any way to verify the authenticity of the contract with Jingdong, exposing itself in the process of being fraudulent. There are major deficiencies in compliance and risk management. Jingdong has actively cooperated with the police in investigating Goffers fraud. Goffers unprovoked action against Jingdong has had a serious impact on its reputation. Jingdong solemnly condemns Goffers act of ignoring the facts and reserves the right to take legal measures against it. (Chen Junhong) Source of this article: Netease Business Responsibility Editor: Zhong Qiming_NF5619

According to media reports, Luo Jing raised 50 million yuan in public through Yunnan International Trust, which is pledged by the leading accounts payable of Guangzhou Chengxing. The collective fund trust is scheduled to be issued in August last year and lasts for 12 months. In other words, it will expire next month. Among them, the leading electronics companies mentioned include Jingdong and Suning.

In addition to announcing that Guangdong Chengxing suspected of forging contracts with Jingdong and other companies for fraud, Beijing Dongmian also pointed out in a statement issued today that Shanghai Geofei Asset Management Co., Ltd. in the process of being fraudulent has not passed any way to verify the authenticity of the contract with Jingdong, exposing itself in the process of being fraudulent. There are major deficiencies in compliance and risk management. Jingdong has actively cooperated with the police in investigating Goffers fraud. Goffers unprovoked action against Jingdong has had a serious impact on its reputation. Jingdong solemnly condemns Goffers act of ignoring the facts and reserves the right to take legal measures against it.

(Chen Junhong)