On December 29, the first intermediate people’s Court of Shanghai publicly sentenced a fund-raising fraud case involving more than 73 billion yuan. The defendant was sentenced to life imprisonment and 15 years’ imprisonment.
On the same day, the listed company Hubei Geoway Investment Co.Ltd(600462) announced that Han Yue, one of the defendants, was its original actual controller. According to the company’s announcement in May, Hubei Geoway Investment Co.Ltd(600462) the largest shareholder has transferred its voting rights, and the actual controller of the company has been changed to former chairman Li Ming. By the end of the third quarter, the company’s net assets were 2.49 million yuan, with a debt ratio of 99.31%.
The share price of Hubei Geoway Investment Co.Ltd(600462) fell to 1.02 yuan / share in November 2019 and has increased in recent two years. As of the closing on December 29, the company’s share price was reported at 2.75 yuan / share, up 161.9% from the low point in 2019.
economic loss of more than 15 billion yuan
According to the official wechat of Shanghai No. 1 Intermediate People’s Court on December 29, that morning, Shanghai No. 1 Intermediate People’s court publicly sentenced the defendants Wang Rong, Han Yue fund-raising fraud and Xue Liang fund-raising fraud (a joint criminal case prosecuted by the public prosecution organ), sentenced Wang Rong to life imprisonment, deprived of political rights for life and confiscated all his personal property for the crime of fund-raising fraud; Han Yue and Xue Liang were sentenced to fixed-term imprisonment of 15 years, deprivation of political rights for four years and a fine of 20 million yuan for the crime of fund-raising fraud.
Source: Shanghai No.1 Intermediate People’s court
The court found that between August 2015 and August 2018, the defendants Wang Rong and Han Yue, together with Wu Jun (handled separately), established Junrong financial platform through Rongshu financial services Information Service Co., Ltd., Dalian Junrong Loan Information Technology Service Co., Ltd. and Chunxiao capital group, and successively acquired the cash cat, stone financial management, niubanjin and the wealth cat platform established by the defendant Xue Liang, Without the approval of relevant national competent authorities, in the name of providing online lending intermediary services, using fictitious loan targets and other means, and taking 6% – 16% of annual income and guaranteed principal and interest payment as bait, illegally raise funds from the public.
According to the audit, the above platforms actually controlled by Wang Rong, Han Yue and others illegally raised more than 73 billion yuan, resulting in more than 190000 victims and economic losses of more than 15 billion yuan. Among them, the Fortune Cat platform illegally raised more than 50.3 billion yuan, resulting in more than 59000 victims and economic losses of more than 5 billion yuan. The above illegal fund-raising funds are used to repay the loan principal and interest of various platforms, foreign investment loans, acquisition of platforms and performance awards, platform operating expenses and personal consumption.
Shanghai No. 1 Intermediate People’s court held that the defendants Wang Rong, Han Yue and Xue Liang, as the persons in charge directly responsible for the unit involved, used fraud methods to illegally raise funds for the purpose of illegal possession, with a huge amount, and their acts have constituted the crime of fund-raising fraud. The above-mentioned defendant’s fund-raising fraud caused particularly heavy economic losses to the victim and seriously damaged the national financial order. The above judgment was made in accordance with the facts, nature, circumstances and social harm of the case.
Shanghai No. 1 Intermediate People’s court said that a total of more than 30 people, including the defendant’s family members and victims, listened to the sentencing at the trial site and the video court. Shanghai judicial organs will continue to strengthen the recovery of stolen goods and losses of assets involved in the case.
Hubei Geoway Investment Co.Ltd(600462) actual controller
has been changed to former chairman
On December 29, Hubei Geoway Investment Co.Ltd(600462) announced that on December 29, the company received the criminal judgment of the first intermediate people’s Court of Shanghai forwarded to the company by the person acting in concert, Tianjin Shengxin Yuantong Co., Ltd. (hereinafter referred to as Tianjin Shengxin).
Source: Hubei Geoway Investment Co.Ltd(600462) announcement
According to public information, Hubei Geoway Investment Co.Ltd(600462) the current actual controller is not Han Yue, but Li Ming, the former chairman of the company.
According to tianyancha data, Tianjin Shengxin Yuantong Co., Ltd. still holds Hubei Geoway Investment Co.Ltd(600462) 17.43% of the shares, which is actually controlled by Han Yue through Beijing Chunxiao Financial Holding Technology Development Co., Ltd.
Source: sky eye survey data
On May 26, 2021, Hubei Geoway Investment Co.Ltd(600462) announced that Tianjin Shengxin, the controlling shareholder, exclusively and irrevocably entrusted Beijing Zhongyu Jiatai Industrial Co., Ltd. to exercise the voting rights corresponding to its 17.43% equity of the company. After the shareholder voting rights entrustment agreement is signed and takes effect, Zhongyu Jiatai will become the controlling shareholder of the company and the actual controller will be changed to Li Ming.
According to the announcement, Li Ming once served as the project leader of Beijing Hanbang infinite Information Technology Co., Ltd., the CEO of nine second flash Tour (Beijing) Information Technology Co., Ltd. and Beijing Zhongqing Longtu Network Technology Co., Ltd. 9miao com. Head of business unit, CEO of Beijing Jiangzhi Network Technology Co., Ltd., executive director of Beijing Dongfang Hengzheng science and Trade Co., Ltd., Hubei Geoway Investment Co.Ltd(600462) chairman, general manager and Acting Secretary of the board of directors, and now chairman of Beijing Jiangzhi Information Technology Development Co., Ltd.
According to the third quarterly report, Hubei Geoway Investment Co.Ltd(600462) the company’s operating revenue in the first three quarters of this year was 172 million yuan, a year-on-year increase of 43.15%; The net profit attributable to the parent company lost 54.5033 million yuan, a year-on-year decrease of 103.91%. In the third quarter, the company’s revenue was 22.3102 million yuan, a year-on-year decrease of 52.74%; The net profit attributable to the parent company lost 15.0902 million yuan, a year-on-year decrease of 123.99%. By the end of the third quarter, the total assets of the company were 362 million yuan, the total owner’s equity (or shareholder’s equity) was 2.4916 million yuan, and the asset liability ratio was 99.31%.
(China Securities Journal)
