On July 4th, Xincheng Holdings announced late at night that Wang Zhenhua, the chairman of the board, had been double-regulated, and his son Wang Xiaosong took over as the chairman. On the same day, the new city department suffered a double blow from stocks and debts, and the word Xincheng Holdings fell. At least 33 funds have lowered the valuation of Xincheng Holdings, and at most 5 have fallen below the limit.
On July 5th, Xincheng Holdings and Wang Zhenhua "cut", and the company official website deleted its photos and news.
On July 7, after the Hong Kong stock market closed at 4 pm, Xincheng Holdings officially issued a public apology letter, in which five worries were used to apologize.
On July 8, Metro Holdings fell for the third consecutive day, and Wang Zhenhua resigned from all positions of Metro Holdings. On the same day, two lawyers reported their real names to Xincheng Holdings, pointing to their alleged securities violations.
On July 9th, Xincheng Holdings issued a series of announcements to resume Wang Zhenhua's detention for 24 hours. His son was informed of the case on the evening of July 2.
On July 10, Xincheng Holdings opened at a daily limit, plunging 8.90% on that day, and then its share price stabilized and closed down 1.02%.
On July 12, Shanghai Putuo District Procuratorate approved the arrest of Wang Moumou and others on suspicion of child molestation.
On July 15, a spokesman for the CSRC said that the CSRC had previously received a report letter from two lawyers against Xincheng Holdings, and the contents of the report letter are currently being verified according to relevant laws and regulations.
On July 23rd, at the half-year business meeting, Wang Xiaosong, the new chairman of the Group, made a speech for the first time, and assumed Xincheng Holdings from three aspects: personal value pursuit, emotional sustenance of Xincheng and entrepreneurial responsibility. On the same day, Xincheng Holdings announced the sale of 40 projects to survive.
On April 29, 2020, the Jiangsu Provincial Government revoked the honorary title of "Jiangsu Model Worker" by Wang Zhenhua, the former chairman of Xincheng Holdings;
On June 2, 2020, Jiangsu revoked the title of "National Model Worker" of Wang Zhenhua, the former chairman of Xincheng Holdings.
On June 5th, 2020, more than 70% of the companies represented by Wang Zhenhua were cancelled.
On June 7th, 2020, Wang Zhenhua was sentenced to five years' imprisonment, which declared the case closed.
Extended data:
Wang Zhenhua was sentenced to five years' imprisonment.
On June 6, 2020 16, Shanghai Putuo District People's Court (hereinafter referred to as Putuo Court) held a public hearing to hear the case of the defendants Wang Zhenhua and Zhou Yanfen molesting children. After 16 hours' trial, Putuo Court sentenced the defendants Wang Zhenhua and Zhou Yanfen in court on June 65, 438+07, and sentenced the defendants Wang Zhenhua and Zhou Yanfen to five years' imprisonment respectively for child molestation.
The defendant Wang Zhenhua's behavior has constituted the crime of child molestation, but it does not belong to committing crimes in public places, nor does it have other bad circumstances. Defendant Wang Zhenhua committed indecency to the victim under the age of 12, causing serious consequences for the victim's minor injuries, and should be severely punished according to law; Defendant Wang Zhenhua refused to confess the criminal facts of indecency after arriving at the case and during the trial, and may be given a heavier punishment as appropriate.
Considering the harm and influence of this case on the victim's body and mind and the degree of social harm, the defendant Wang Zhenhua was given a heavier sentence of five years' imprisonment according to law within the range of four to five years' imprisonment recommended by the public prosecution.