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Brother Chuanzhi was arrested | China Securities Regulatory Commission cracked down on "sing high bulk cargo" arrested 9 people involved in air-conditioning technicians and financial performances

2021-12-16T08:16:47.120Z


The Hong Kong Securities Regulatory Commission, the police, together with the Monetary Authority of Singapore and the local police, recently conducted a joint operation codenamed "Operation Wolf Hunt". It was discovered that there were cross-border groups in early 2021, including the top executives of three listed companies.


The Hong Kong Securities Regulatory Commission, the police, together with the Singapore Monetary Authority and the local police, recently conducted a joint operation code-named "Operation Wolf Hunt". It was discovered in early 2021 that there were cross-border groups, including three listed company executives, using social platforms and instant messaging. The software controls the market in the form of "sing high bulk cargo", involving securities accounts in Hong Kong and Singapore.

Freeze 39 bank accounts

The four parties conducted a joint operation yesterday. The SFC and the police mobilized 170 people, raided 47 places, and arrested 8 men and 1 woman, aged between 25 and 62, on suspicion of "money laundering." Financial analysts and air-conditioning technicians.

Among the 9 persons to be supplemented, 1 was a backbone member of the group, 6 were senior executives of the superior company, and two were account holders of the puppet company.

At the same time, the police froze 39 bank accounts, involving 48.5 million yuan in deposits, and seized 2 million yuan in cash and valuables. As for Singapore, they arrested a woman for fraud and froze 4.4 million Singapore dollars, which was equivalent to 25 million dollars in contract.

Senior Superintendent of the Wealth Intelligence and Investigation Division Cheng Liqi pointed out that criminal syndicates started using social platforms to sing about the rise in the price of individual securities. After innocent citizens bought stocks, criminals sold them at high prices, causing stock prices to plummet. Innocent citizens suffered losses.

The illegal group is suspected of violating the Securities and Futures Ordinance, suspected of market manipulation, false trading and other crimes.

The city's "Brother Zhi" Huang Yongzhi was arrested in the case

The persons concerned are still being detained for investigation, and the operation is still going on. It is not ruled out that more people will be replaced.

The Securities Regulatory Commission stated that this is the first time that the four parties have held a joint operation and believe that it has successfully dismantled a cross-border market making and "money laundering" group.

No announcement was made at this press conference, but one of the arrested was a 62-year-old person whose age was the same as that of "Ge Zhi" Huang Yongzhi.

Yesterday (15th), it has been reported in the market that the founder of Dragon Emperor Group "Zhge" Huang Yongzhi was arrested. "Hong Kong 01" had inquired with Dragon Emperor Group, but the response was not clear about the incident.

Before the dragon emperor's violent diarrhea, the flag brother shipped

In June of this year, it was reported on the Internet that someone recommended buying Dragon King stock on social media, which was suspected of singing high bulk goods, and the method was like a "WeChat female" scam.

At the same time, Huang Yongzhi, the major shareholder and chief executive officer of the group and famous chef in the city, has been operating for several days. On June 10, the stock price plummeted 83% in a single day, from 2.2 yuan to 0.38 yuan, and the market value evaporated nearly 250 million yuan on the eve The cash out of nearly 90 million yuan has attracted market attention.

Later, Huang Yongzhi resigned from the post of Chief Executive Officer of Dragon King Group on the grounds that he planned to develop other businesses and stayed only as an executive director.

His wife, Li Jingnong, resigned as chairman of the Dragon King Group on July 13 on the grounds of focusing on the family.

However, it was announced on August 4 that "Zhige" had withdrawn his resignation as an executive director, stimulating a stock price rebound.

However, he also sold the remaining 17.29 million Dragon King shares at an average price of 0.1477 yuan per share on August 24, and cashed out about 2.55 million yuan, formally clearing the Dragon King Group he founded.

Until mid-September, Longhuang Group received a notice from Huang Yongzhi confirming his resignation as a director of the company.

The board of directors has accepted Huang Yongzhi's resignation, and the relevant resignation will take effect immediately on September 14.

Due to the delay in publishing the third quarter results, the stock has been suspended since November 11, and reported 0.082 yuan before the suspension. In other words, the stock price of Dragon King fell by more than 96% from early June to before the suspension.

+1

The SFC and ICAC once took action on the "WeChat female case"

In addition, in July this year, the China Securities Regulatory Commission took a joint action with the Independent Commission Against Corruption, during which a senior executive of Hengyi Holdings (1894) was arrested. The arrested person was suspected of providing benefits to the staff of the underwriters in the company's initial public offering.

The SFC stated at the time that the operation was a search under the Securities and Futures Ordinance for suspected "sing high bulk cargo" market manipulation plans and other crimes related to market misconduct.

Source: hk1

All news articles on 2021-12-16

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