3.4 billion trampling on Lei Chengxing International Noah Wealth Headquarters seems to be all right

category:Finance
 3.4 billion trampling on Lei Chengxing International Noah Wealth Headquarters seems to be all right


(Noah Holdings Shanghai Office)

(Noah Holdings Shanghai Office Hall)

Noah Wealth (NYSE: NOAH), a U.S. listed company, plunged more than 22% in the opening evening and closed down 20.41% at $35.61. Noah Fortune immediately announced that its credit fund of Shanghai Goffel Asset Management Company (hereinafter referred to as Goffel Assets) provided supply chain financing for third-party companies related to Camsing International Holding Limited, with a total amount of RMB 3.4 billion. The actual controller of Chengxing International Holdings was recently detained by Chinese police for suspected fraudulent activities. As fund managers of these funds, Goffer Assets in Shanghai has initiated litigation.

At noon on September 9, Chengxing International Holdings (02662.HK) fell 5.56% to HK$0.95. Wang Jingbo, founder and chairman of the board of directors of Noah Wealth, said in an internal letter issued on the 8th that the investment target of the fund is mainly to provide supply chain financing to Chengxing international parties (hereinafter referred to as Chengxing) on their accounts receivable claims with Beijing Jingdong Century Trading Co., Ltd. The actual controller of Chengxing Co. is suspected of cheating. The fraud was recently detained by Chinese police. On July 9, Beijing East responded that the matter had nothing to do with Beijing East. Eastern Beijing responded that the matter had nothing to do with East Beijing. Chengxing is suspected of forging and fraudulent business contracts with Jingdong. We are shocked by this kind of behavior and have cooperated with the injured company to report the case. (Photography/Chen Ting) Source of this article: First Financial Responsible Editor: Wang Xiaowu_NF

At noon on September 9, Chengxing International Holdings (02662.HK) fell 5.56% to HK$0.95.

Wang Jingbo, founder and chairman of the board of directors of Noah Wealth, said in an internal letter issued on the 8th that the investment target of the fund is mainly to provide supply chain financing to Chengxing international parties (hereinafter referred to as Chengxing) on their accounts receivable claims with Beijing Jingdong Century Trading Co., Ltd. The actual controller of Chengxing Co. is suspected of cheating. The fraud was recently detained by Chinese police.