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Xue Feng, former chairman of Everbright Securities, is investigated or involved in the MPS acquisition.
The reporter learned from authorities that Xue Feng, the former chairman of Everbright Securities, was taken away by the authorities for investigation a few months ago, and the core reason may be related to the previously buzzing cross-border merger of stars-Storm Group's acquisition of British sports rights company MPS (MP&Silva Holding S.A.). The MPS project was exposed in February 2019, and Xue Feng resigned as chairman of Everbright Securities two months later. The latest news about Xue Feng has not been reported since. According to people familiar with the matter, Xue Feng has been ill since he resigned to assist in the investigation of 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.
The delisting period ends and will be delisted on the Shenzhen Stock Exchange tomorrow.
Gronghui November 9 | Storm retreat (300431.SZ) announced that the company's stock entered the delisting period on September 21, 2020, and has been traded for 30 trading days up to November 9, 2020, and the delisting period has ended. The company's shares have been terminated by the Shenzhen Stock Exchange and will be delisted by the Shenzhen Stock Exchange on November 10, 2020. The company is communicating with Shen Wan Hongyuan on signing a service agreement, and the company will hire an agent as soon as possible. The company will make a separate announcement on the procedures and specific arrangements for the confirmation, registration and trusteeship of the company's shares after the termination of listing. Public
When the storm recedes, it will be delisted, and the total execution target will exceed 10 million
November 9 is the last trading day of the storm (300431). On November 10, the Shenzhen Stock Exchange will delist the company's shares. By today's close, the storm had declined 3.45%, and the stock price was only 0.28 yuan. The turnover rate reached 11.23%, and the turnover was close to 8 million yuan. It is worth noting that since GEM does not accept applications to re-list the company's shares, it will not be able to be re-listed on GEM after the company's stock is delisted. According to the enterprise investigation risk, Storm Company has now been listed by the court as an executee 16 times. The total amount of execution targets is as high as 10.75 million yuan. Its legal risks have exceeded 1,000 rules, including
the most disastrous in history! It plummeted 99.8%, a generation of stock lords, who just “said goodbye” to A-shares!
Storm Group has come to an end in A-shares! Today is the last day of Storm Group's delisting period. After today, this stock (currently known as Storm Retreat for short) will leave A-shares and be delisted! On the market, after the storm receded, it fluctuated lower. At the close, it fell 3.45% to 0.28 yuan. From the highest price increase of 123.83 yuan at the time of listing in 2015 (previous reinstatement) to today's intraday low of 0.27 yuan, the biggest drop in stock prices was 99.78%, which can be called the worst in history. The storm receded from the suspension of trading on July 1 this year, and then entered the delisting period and plummeted. The number of company shareholders at the end of June this year was 68,600, in the third quarter
The market capitalization of 40 billion went up in smoke and the limit of 37 for 40 days ended with the end of Super White Horse Storm Group.
On November 9, Storm Group (now referred to as "Storm retreat") ushered in its last trading day in A shares, 2057 days after its listing in 2015. As of the morning close, its share price fell 3.45% to 0.28 yuan per share. Storm Group has set a record of 37 trading boards in 40 trading days, with a peak market capitalization of 40 billion yuan, gathered a number of hot concepts, and was praised as "Little Letv" by the market. Storm Group and Feng Xin, the controller, fell into the abyss as a result of an overseas merger and acquisition, and the company quickly fell until it was delisted by the Shenzhen Stock Exchange on August 28 this year. Leeco was ordered to delist in May this year.
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