Private-equity Big Man lost 800 million yuan in speculation? Money Circle Big Mans Response: Stigmatization

category:Finance
 Private-equity Big Man lost 800 million yuan in speculation? Money Circle Big Mans Response: Stigmatization


The following is Xu Xings response:

I have just read an article about Yang Yongxing reported by a certain media. This article mentions my name many times. In response to this fabricated fact and insulting incident, I simply reply. This is a modern version of the story of a farmer and a snake. The detailed reply is as follows:

1. At the end of 2017, Yang Yongxing came to me through a middlemans introduction to express his strong interest in the company and the industry. He promised to help the company in one way or another. With his help, he purchased 1% of OKCoins equity from the old shareholders.

2. Within less than a year of its investment, it has not fulfilled all his promises to the company, and the company still generates 100% return for it.

3. Yang Yongxing does not satisfy the investment income of twice, extorting unreasonable excess income for many times. After being explicitly rejected by the board of directors of the company, he begins to fabricate facts and attack himself and OKCoin Company. All the things he claims are fabricated out of thin air and do not exist at all. He even transfers his investment losses in the stock market and losses in other platforms that manipulate the market to this place. Lets talk about it.

4. Since the article claims that Yang Yongxing has resorted to the court, I believe that the law is fair and objective, and everything should be left to the courts judgment. Before the courts judgment, its impatient attitude through the media reflects that Yang Yongxing has no legal base and tries to confuse right and wrong through public opinion.

Source of this article: Observer Network Responsible Editor: Chen Hequn_NB12679

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