Xue Feng, the former general chairman of Everbright Securities, was investigated or involved in the MPS takeover
The reporter learned from authoritative sources that Xue Feng, the former chairman of Everbright Securities, was taken away for investigation by relevant parties a few months ago. The core reason may be related to the celebrity multinational merger and acquisition case that went viral before — the takeover of British sports copyright company MPS (MP&Silva Holding S.A.) by Storm Group. The risk of the MPS project came to light in February 2019. Two months later, Xue Feng resigned as chairman of Everbright Securities. Since then, the latest information about Xue Feng has not been reported in the press. People familiar with the matter revealed that Xue Feng had been ill since his resignation to help investigate the MPS incident. (First Finance)
Xue Feng, the former general chairman of Everbright Securities, was investigated, possibly involved in the MPS takeover
First Finance Correspondent learned from an authoritative source that Xue Feng, the former chairman of Everbright Securities, was taken away for investigation by relevant parties a few months ago. The core incident may have involved the celebrity multinational merger and acquisition case that had previously gone viral — the takeover of British sports copyright company MPS (MP&Silva Holding S.A.) by Storm Group.
A corner of the Storm Group bribery case: two bribe-takers were sentenced to trial, two bribe takers suspended
An excerpt of the Storm Group bribery case: two bribe-takers were sentenced to death, and two bribe-takers were suspended. On October 20, 2021, the Shanghai Second Intermediate Court ruled in the second instance that, at the direction of Feng Xin, in an overseas merger and acquisition transaction, Xiang Tong, the head of the two partner companies, Liu Yang, the then-investment director of Storm Group, and Jiang Jianeng, the investment manager of Storm Group, were found guilty of bribing non-state workers in an overseas merger and acquisition transaction, and were sentenced to 3 years and 2 years and 5 months in prison respectively. However, one of the bribe takers in this case, Teng Bin, the actual controller of Shanghai Pugui Investment Management Co., Ltd. and Shanghai Anna Investment Management Partnership, was determined by the court
Storm Group has no assets to execute
According to the data, recently, the execution ruling of the contract by Liu and others was made public. The executor of the application is Liu, and the executee is Storm Group Co., Ltd. Case number (2021), Beijing 0108, No. 5073. The trial court was the Beijing Haidian District People's Court. According to the ruling, the court investigated the bank deposits, vehicles, real estate, etc. of the executee Storm Group Co., Ltd., and found no property clues that could be executed under the name of the executee, Storm Group Co., Ltd. The court has restricted high consumption by law against the executee Storm Group Co., Ltd.
Shenzhen Stock Exchange: China Clearing ceases to provide A-share registration service on the stock exchange market for Storm Group.
Securities Times e Company, Shenzhen Stock Exchange announced that due to Storm Group A shares (securities referred to as: storm retreat, stock code: 300431) has been terminated on the Shenzhen Stock Exchange, China Clearing will stop providing it with A-share registration services on the stock exchange market since November 18, 2020.
The storm recedes: It will be delisted from the Shenzhen Stock Exchange on November 10, 2020
36 krypton learned that the storm receded: the company's stock was terminated by the Shenzhen Stock Exchange and will be delisted from the Shenzhen Stock Exchange on November 10, 2020.