On July 9, a person in charge of Yunnan International Trust Co., Ltd. (Yunnan Trust) said in reply to this article that there are indeed projects involving the company in Cyndi Luo, and the products issued are mainly supply chain finance. The latest project expires on August 15. "What we know is that Cyndi Luo was criminally detained by Yangpu Branch of Shanghai Public Security Bureau on June 20th, but we didn't know for sure until Boxin announced on July 5th.
"At the same time, we reported the case to the Kunming Public Security Bureau and are currently filing a case for review." The person in charge said.
Cyndi Luo, 48, was once called Mulan by the business community because she joined the Mulan Club, a female entrepreneur club. Jiangsu Boxin Investment Holding Co., Ltd. (600083. A-share listed company SH, Boxin), and Chengxing International Holdings (02662. HK), a Hong Kong stock listed company.
At noon on July 5, Boxin announced that it had received a detention permit from Yangpu Branch of Shanghai Public Security Bureau on the same day. Cyndi Luo, the actual controller and chairman, and Jiang Shaoyang, the director and chief financial officer, were detained by Yangpu Branch of Shanghai Public Security Bureau on June 20th, 2065438 and June 25th, 2065438 respectively, and related matters need further investigation by public security organs.
On July 8th, a source disclosed to this newspaper that Cyndi Luo issued trust products for financing, and the capital chain was broken. He was reported by a financial institution in Shanghai for economic fraud and was detained by the police.
But this statement has not been confirmed by the police.
According to the newspaper, Cyndi Luo takes Guangchengxing as the main body of financing and publicly raises funds through the so-called accounts receivable trust plan issued by large companies. Single raised funds range from tens of millions to hundreds of millions of yuan, and the annual rate of return is concentrated between 7%- 10%.
The latest trust product issued by Cyndi Luo is the collective fund trust plan of Guangzhou Chengxing Marketing Management Co., Ltd. (Yunyong 1No.) issued in August 20/8. The product scale is 50 million yuan, and the trust company is Yunnan International Trust Co., Ltd., with a term of 12 months, which is about to expire.
Regarding whether Yunyong 1 will face the risk of warehouse explosion, the person in charge of Yunnan Trust said, "There is no problem with the product, because it is actually a project product normally used by the supply chain, but it is possible that Cyndi Luo, as the actual controller and financier, is restricted by the public security organs, so from the perspective of product management, it may not be possible to pay the product repayment on time. We can't judge what is wrong with it now, and this piece needs to be left to the public security organs for investigation. "
The person in charge also told the newspaper that Cyndi Luo issued a series of products in Yunnan Trust through Guangdong Chengxing, and all the previous products have ended without any problems.
However, according to our reporter's understanding, JD.COM and Suning had previously kept their distance from the related trust products of Guangchengxing.
People close to Suning also said that the company has nothing to do with Guangzhou Chengxing's supply chain financing.
In this regard, Yunnan Trust responded that "the trust funds have registered the transfer and repurchase of accounts receivable bonds, and we have adjusted this project in strict accordance with the requirements of the trust contract. Everything you see from us is real. For Suning's response, we can only doubt whether Cyndi Luo is fraudulent, including why Cyndi Luo was investigated, or whether it was mainly based on public security investigations. "
According to Yunnan Trust, at present, the company has taken five measures:
First, as soon as I got the news of Cyndi Luo's criminal detention, I started relevant emergency measures and set up a special emergency working group.
Second, on July 5th, the company issued an interim information disclosure report in official website.
Third, civil and criminal measures have been taken to protect investors' rights and interests, including contacting notary offices and professional lawyers to start enforcement procedures to recover the payment obligations of financiers and guarantors; He also reported the case to the local public security organ in Kunming and sought the assistance of the public security department.
Fourth, issue a lawyer's letter asking the payer to fulfill the payment obligation as agreed.
Fifth, report to the regulatory authorities.
According to the data of official website, Yunnan International Trust Co., Ltd. was established in February, 199 1. It is a non-bank financial institution re-registered after the capital increase and restructuring of the former Yunnan International Trust and Investment Corporation. By the end of 20 17, the company's trust assets management scale reached 369.6 billion yuan. In the 20 16 annual trust company industry rating, the company was rated as a class A trust company.