Wenhua Media was caught in a redemption crisis due to inquiries from Fuxing Department.

Wenhua Media, which is associated with Bao Lei's 10 billion private placement "Fuxing Department", has once again received a letter of concern from Shenzhen Stock Exchange, and many online lending platforms associated with Wenhua Media have also fallen into chaos.

Wenhua Media, which is associated with Bao Lei's 10 billion private placement "Fuxing Department", has once again received a letter of concern from Shenzhen Stock Exchange, and many online lending platforms associated with Wenhua Media have also fallen into chaos.

On 9 June 10, Shenzhen Stock Exchange sent a letter of concern to Wenhua Media (SZ.000793), requesting it to explain the relationship between three asset management products of Changzhou Xu Qin and Fuxing system, focusing on how Zhu Minghua, the general partner of Changzhou Xu Qin, and Xu Zhenhua, the limited partner, controlled Changzhou Xu Qin, and providing relevant agreements and other supporting documents to explain the relationship between Xu Zhenhua and several Fuxing systems.

Previously, Shenzhen Stock Exchange sent a letter to Wenhua Media twice because of its association with "Fuxing Department".

On July 24th, the Corporate Department of Shenzhen Stock Exchange sent a letter of concern to Wenhua Media, asking Wenhua Media to explain whether the three asset management plans initiated by Qianhai Open Source Fund, such as Xuqinju and 1, were related to the Renaissance Department. Wenhua Media said in its reply that it is impossible to judge whether the investors of the three asset management plans are related to the "Renaissance Department".

On August 22, the Corporate Department of Shenzhen Stock Exchange sent a semi-annual inquiry letter to Wenhua Media, asking Wenhua Media to explain whether Xu Zhenhua, a limited partner of Changzhou Xu Qin, is a legal person or a director or senior executive of several affiliated companies of Fuxing Department, and whether Xu Zhenhua and the company that serves as a director or senior executive of Changzhou Xu Qin should be regarded as related parties of Wenhua Media. In its reply, Wenhua Media stated that it was not certain that Xu Zhenhua directly or indirectly held a total of 654.38+63 billion shares (accounting for 8. 12% of the total share capital) by controlling Changzhou Xu Qin, nor did it identify Xu Zhenhua as a natural person associated with Wenhua Media.

The Corporate Department of Shenzhen Stock Exchange is concerned that the asset management plan of Xu Qin Juhe 1 is controlled by Fuxing Group. This is obviously inconsistent with what Mandarin media said in the previous two replies.

Blue Whale Finance has previously reported that Wenhua Media may be inextricably linked with Fuxing Group and its subsidiary Yilong Fortune.

In the online loan industry, the grassroots investment that received 654.38 billion yuan of C-round financing from Wenhua Media also had redemption problems at the end of July. The online lending platform associated with Wenhua Media also includes Ada Wealth. There has also been a redemption problem.

On August 9th, Ada Fortune, a P2P platform, issued the Announcement of Ada Fortune's Suspension of Online Lending Business through official website, announcing its decision to suspend online lending business, immediately launching a benign exit plan, comprehensively cleaning up overdue projects and existing projects, and making relevant redemption plans as soon as possible.

At present, the introduction of Ada Fortune official website still shows that it is a platform of Huashang Media Group, which is a wholly-owned subsidiary of listed company Wenhua Media.

Up to now, official website has not issued any exchange plan. Some investors broke the news that on August 5th/kloc-0, Liu Zuyuan, president and editor-in-chief of Chongqing Times, and Gu Chun, general manager of Ada Fortune, and others orally announced the payment plan: 20% after the project expires, 40% after 1 year, and 40% after two years. According to this plan, it may take up to three years to complete the payment.

The latest operating data of Ada Fortune official website in June 20 18 shows that as of June 30, 20 18, the loan balance was 7160,000 yuan, and the overdue amount and the number of transactions were zero.

According to the industrial and commercial data, the main business entity of Ada Fortune is Chongqing Ada Investment Co., Ltd., with the registered time of 2065438+August 27, 2004 and the registered capital of100000 RMB. The controlling shareholder is Chongqing Huabo Media Co., Ltd., a wholly-owned subsidiary of Wenhua Media.

In addition, Chongqing Ada Investment Co., Ltd. also invested in Guizhou Xinda Sunshine Investment Consulting Co., Ltd., with an investment ratio of 72.05%, and operated P2P Sunshine Loan.

Sunshine loan is still in normal operation. Shareholders include Guizhou Sunshine Property Rights Exchange Co., Ltd. under the State-owned Assets Supervision and Administration Commission of Guizhou Province and Zhongrun Economic Development Co., Ltd. under China Cinda, with a loan balance of 57,765,438+million.