The market value of the shares held by a large shareholder of Ruixing Coffee changed its face in 4 months

长沙桑拿洗浴休闲

The market value of the shares held by a large shareholder of Ruixing Coffee changed its face in 4 months
On May 12, Ruixing Coffee (LK.The latest shareholding disclosure document submitted by the United States shows that the investment fund has liquidated all shares of Ruixing.In essence, Ruixing was stationed in the public security, industrial and commercial departments to investigate, and the relevant investigation results have not been made public.In fact, there is news that Ruixing Coffee’s endorsement of life changes, so Ruixing Coffee has no response.According to the latest shareholding disclosure document submitted by Ruixing Coffee to the US Securities and Exchange Commission (SEC), the investment fund Capital Research Global Investor (CRGI), which has been increasing the holding of Ruixing Coffee, has cleared Ruixing.All shares.According to Air Force Intelligence documents, after Ruixing completed the additional issuance in mid-January, until January 31, 2020, CRGI continued to increase its holdings to 71,522,960 shares at the end of January, with a shareholding ratio of 9.2%.On January 31, Ruixing Coffee reported the earliest 32.49 dollars.On the evening of April 2, Ruixing Coffee announced that it discovered that the company had inflated a transaction amount of RMB 2.2 billion between the second quarter and the fourth quarter of last year, and the related expenses and expenses also increased accordingly.As soon as the news came out, Ruixing Coffee opened down, once fell by more than 80%, and finally closed with a 75% drop on the same day.Before the suspension of trading on April 6, Ruixing Coffee reported a gain of 4.39 dollars, may fall more than 28 dollars.If calculated from the end of January, the stock market size of Ruixing Coffee held by CRGI at that time was 23.$ 237.8 billion.As of May 31, 2019, it held 46,319,552 shares of Class A common stock.According to its suspension price 4.Calculated at US $ 39, the market valuation of the shares held by Ruixing Coffee2.$ 303.4 billion.In only 4 months, the market value of the shares held by them differed by about 21.200 million US dollars.In addition, at the end of April, Ruixing Coffee submitted to the SEC a document that the company’s independent director Thomas Meyer has submitted his resignation.Thomas Meyer resigns, and the independent directors of the audit committee under Ruixing Coffee’s board of directors will have only three people left.Ruixing Coffee endorses life changes?A few days ago, there were rumors that Ruixing Coffee endorsed the change of life, and related posters were removed.There is no response from Ruixing Coffee.In July 2019, Ruixing Coffee invited Liu Haoran to endorse the new product, together with the cascading brand spokespersons Tang Wei and Zhang Zhen, Ruixing Coffee has formed a brand promotion layout in which three stars jointly endorse.Sauna and Yenet noticed that at present, Ruixing Coffee’s official website and APP do not see the posters of brand spokespersons such as Tang Wei, Zhang Zhen, and Liu Haoran.In addition, in the first quarter of this year, Ruixing Coffee’s official Weibo launched a marketing campaign of “Compete in Millions of Coffee”, posters before March, and Tang Wei and Liu Haoran.Since April, related promotional content such as the spokespersons mentioned above will no longer be used.On April 27, it was reported that Ruixing Coffee had been taken over by the public security, industry and commerce and other departments.To proceed, Ruixing Coffee issued a statement saying that at present, the company is actively cooperating with the market supervision department to understand the work related to the operation of Ruixing Coffee.The company and stores nationwide are operating normally. In the afternoon of the same day, the sauna and Yewang found in the office area of Ruixing Coffee that several employees of Ruixing Coffee carried computers and office documents to cooperate with the enquiries accompanied by uniformed personnel in business law enforcement.In response to the fact that Ruixun Coffee was taken over by the public security, industry and commerce departments and the China Securities Regulatory Commission was stationed.On the same day, Ruixing Coffee issued a statement saying that at present, the company is actively cooperating with the market supervision department to understand the work related to the operation of Ruixing Coffee.The company and stores nationwide are operating normally.On the evening of April 27, the relevant person in charge of the China Securities Regulatory Commission answered questions from reporters about Ruixing Coffee’s self-reported financial fraud.The person in charge said that since Ruixing Coffee exposed financial fraud, the China Securities Regulatory Commission has expressed its solemn position and communicated with the US Securities Regulatory Commission on cross-border regulatory cooperation. The US Securities Regulatory Commission has made a positive response.In response to the recent incident of Ruixing Coffee’s financial fraud, on the evening of April 29, Gree Electric’s chairman and president Dong Mingzhu accepted the sauna. Yewang said in an interview, “True sincerity is the most important thing.When there is no credibility in one’s life, is this person still worth?You are telling lies that you want to keep rising through false information, from which you may have benefited all the time.But I hope that a good company relies on products to create value, rather than relying on the stock market to create value.”Sauna, Ye Wang Chen Weicheng editor Xu Chao proofreading Li Shihui