Chengxing International: Guangzhou Chengxing Non-member Company has not signed relevant contracts with Beijing East

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 Chengxing International: Guangzhou Chengxing Non-member Company has not signed relevant contracts with Beijing East


Following Noah Wealth and Jingdongs voice, on the evening of July 9, Luo Jings Hong Kong-listed company Chengxing International Holdings (02662.HK) announced that there were media reports that the group had forged a contract with Jingdong. The board clarified that Guangzhou Chengxing was not a member company of the group, and that there was no such relationship between the group and Jingdong. The conclusion of contracts mentioned in media reports.

In fact, on July 9, there was a confrontation between Jingdong and Noahs wealth.

According to Jingdong Group, Guangdong Chengxing Holding Group Co., Ltd. (hereinafter referred to as Chengxing) is a general supplier of Jingdong and has certain business in Jingdong. Without knowing anything about it, Chengxing is suspected of forging contracts with Jingdong and other companies for fraud. In this regard, Jingdong has also reported the case to the local public security organs.

Luo Jings detention triggered a chain reaction. On July 8, Noah Wealth (NYSE: NOAH), a well-known wealth management company, announced that its products issued by Shanghai Goofy Asset Management Company provided supply chain financing for Chengxing International Holding Company, with a total amount of RMB 3.4 billion.

On the evening of July 8, Wang Jingbo, founder and chairman of the board of directors of Noah Wealth, further explained and explained the incident by issuing an internal letter.

According to industry and Commerce data, Beijing Jingdong Century Trading Co., Ltd. was established in 2007 and its legal representative is Liu Qiangdong.

However, Noah Wealth does not agree with Jingdongs statement. Noah Wealth stakeholders responded that Chengxing International is a supplier of Jingdong. There are a lot of long-term transactions between the two sides. Goffer has initiated judicial proceedings against Chengxing and Jingdong on this supply chain financing, and is actively cooperating with and respecting the results of judicial investigations.

In the statement on the afternoon of July 9, Beijing Dongfang further introduced that Guangdong Chengxing Holding Group Co., Ltd. (hereinafter referred to as Chengxing) is a general supplier of Beijing Dongdong. It has certain business in Beijing Dongfang. Without knowing anything about it, Chengxing suspected of forging contracts with Beijing Dongfang and other companies for fraud. In this regard, Jingdong has also reported the case to the local public security organs.

Jingdong said that during the process of being fraudulent, Shanghai Geoffrey Asset Management Co., Ltd. failed to verify the authenticity of the contract in any way and in Jingdong, which exposed its own major defects in the regulation and risk control. Jingdong has actively cooperated with the police in investigating the case of Geoffrey being fraudulent.

Noah Fortune once again responded to the statement from the eastern side of Beijing, saying, There is only one truth to be believed. It is believed that the relevant judicial organs will find out the truth according to law. It will actively protect the legitimate rights and interests of investors to the greatest extent through civil and criminal procedures, and respect the final ruling of the judicial organs.

As of July 9, Chengxing International fell 26.67% to HK$0.66, and its share price dropped 91.59% in the past 10 days.

Appendix: Voluntary announcement of Chengxing International Holdings Stock Price and Volume Unusual Fluctuations

This announcement is made voluntarily by Chengxing International Holding Co., Ltd. (Our Company).

The shareholders and interested investors of the company should be cautious when buying or selling shares.

Chengxing International Holding Co., Ltd.

Liu Hui

On the date of this announcement, the board of directors includes Ms. Luo Jing and Ms. Liu Hui, the executive directors, Mr. Lei Jun, Mr. Xiao Jingsheng and Mr. Zheng Yilei.

Source of this article: Peng Mei News Responsible Editor: Qiao Junyi_NBJ11279