Author: Rainbow
Editor: Shallow summer
Graph source: Graph bug
Market prise drops go nearly 5 billion dollar (add up to a RMB about 35 billion yuan) , this one night, lucky favour coffee is destined to want to be record in history of global capital market.
Beijing time is late on April 2, "Lucky favour coffee is suspected of forging trade 2.2 billion RMB " message one, cannot have used astonish will describe, brush for a short while explode friend circle, "Lucky favour steeps fall " before recording small gain for a time 3, exceed 210 thousand person to discuss, read a quantity to exceed 700 million.
"Expose to the sun oneself be suspected of money newspaper making a holiday " operation of this kind of god already infrequent stimulate again, is lucky favour coffee mad? Many netizens express: Buy coffee of cup luck favour to press help sb get over a shock with the 1.8 ticket that lose rapidly!
After announcement is released, what ever went up two years greatly for a time in the past is medium without exception lucky favour coffee, dish before trade price blood dies. Lucky favour coffee dish before share price steeps fall for a time more than 80% . The share price after open quotation steeps fall 78.55% , dish the Communist Party of China touchs fusing, time-out trades 6 times. Up to Zhou Si closing quotation, lucky favour coffee steeps fall even more 75% , share price ever issued explore to come for a time 4.9 dollars / , market prise 1.5 billion dollar. Between one night, drop go the market prise of nearly 5 billion dollar.
Up to write for a magazine, lucky favour share price signs up for 6.4 dollars / , day drops amount to 75.57% , market prise is 1.611 billion dollar about, with summit summit when (on January 17, 2020) share price 51.38 dollars / photograph comparing, the lucky favour share price nowadays is about 8% at that time.
Up to write for a magazine, circumstance of share price of lucky favour coffee. Data sources: Straight flush
Pull one hair and use the whole body.
Early on April 3 dish, harbor appear on the market company China hires a car to steep fall spark stop a card, dish in drop for a time exceed 70% , market prise evaporates 5 billion HK dollar, announce urgent stop a card. Up to closing quotation, drop 54.42% .
Tie the company that establish as China, the large stockholder Liu Zhengyao of lucky favour coffee also is the large stockholder that China rents a car; Liu Zhengyao also holds the position of lucky favour coffee and China to hire the president of the car at the same time.
Offer even coffee of favour giving luck the cent numerous medium that advertisement serves, also drop up to closing quotation 5.64% .
Still have to luck favour coffee is suspected of the financial incident that make a holiday yesterday " be buried with the dead " many 50 in without exception. Up to Zhou Simei before closing quotation, in without exception in, lucky favour coffee is gotten absolutely drop, temple library, believe and apartment of orgnaization of rich, Shang De, chorion, everybody, colourful comes, have path, house with the world of credit, room, interesting inn, Netease great etc exceed 50 in the home without exception drop apparent.
Right now, goods of belt of direct seeding of distance Mr. Luo Yonghao is recommended " lucky Xing Yili is cosignatory coffee yoghurt " had not gone 24 hours, this product by Yi Li next urgent wearing. Many netizens speak: Society my collect teacher, it is disintegrator of an a place with a draught really.
Current, lucky favour coffee is meeting with industry inside and outside " broil is baked " . On April 3, lucky favour large stockholder, president land is boasting hair friend encircles the blood that make chicken midday: Today more want vigour full! Young associate is cheered!
It is Liu Zhengyao not only, guan Wei of lucky favour coffee also sends a graph to encourage for two times today.
Poineering state (ID: Ichuangyeabang) discovery, app of lucky favour coffee and small program are current already machine of in pairs delay, the system hints " request the network is unusual, unusual " , sheet cannot fall in page of around door inn. Subsequently, small gain of government of lucky favour coffee expresses, occurrence breakdown of APP of lucky favour coffee, the program is in urgent rush to repair.
The user speaks on gregarious network, although expose to the sun,went out to be suspected of the financial incident that make a holiday, relevant allowance of Dan Ruixing did not cancel. Still got the sales promotion short message that lucky favour coffee sends even, give 2.8 fold a coupon. Still the user is in next official of lucky favour coffee is small speaking to say: "I still have 9 pieces of ticket trashy, hold to. Hold to..
Poineering state (ID: Ichuangyeabang) visited shop of door of lucky favour coffee on the spot, appeared to queue up the phenomenon that tide and order accumulate.
Among them, face south in Beijing inn of new artery of ocean of 3 yuan of bridges, poineering state discovers, passenger flow increases apparently, nodded namely in the past go namely, and early at 9 o'clock this morning height, need queues up half hours.
Client of inn of door of lucky favour coffee queues up to buy picture origin: Poineering state films on the spot
"Finance affairs of lucky favour coffee is suspected of making a holiday " incident beginning and end
Actually, lucky favour coffee is suspected of the financial incident that make a holiday having inkling early.
This year on January 31, the United States is famous do water of empty orgnaization muddy to say to receive a faceless report about lucky favour coffee, muddy water thinks content belongs to solid intercurrent cloth this makes empty report.
This does empty report to be as long as 89 pages, the member that report author states altogether employed 92 full-time investigation, member that 1418 part-time jobs are investigated, collected the door inn kinescope of more than 25000 pieces of small bills and more than 10000 hours, the small letter that still has interior of inn of door of much luck favour at the same time chats record.
Report the cut of partial client small bill that show pursues
The report thinks, lucky favour coffee from 2019 the 3rd quarter begins concoctive finance affairs and operation data, the net price of every the goods number that every the daily order of exaggerated door inn, order includes, commodity, build the false appearance of gain of inn giving sheet thereby. Pass puffery defray again, make a false report divides the takes loss of onlier than mask store fact of other goods outside coffee.
Once this research report is released, that day, share price of lucky favour coffee dish in drop exceed 26% , closing quotation drops close 10.7% , the explore below share price comes 27 dollars / , market prise restrains 8.3 billion dollar. Between one night, drop go nearly 1 billion dollar.
Subsequently lucky favour is in on Feburary 3, denied all accusation, respond to say the report is without a basis, prove means existence defect, belong to baleful accusation.
But the United States already had place of much home law to mention to lucky favour coffee collective lawsuit, charge luck favour is made state with misdirect sex phonily, violate law of American negotiable securities. Current, this collective lawsuit already was on Feburary 13 south new York put on record of area place court.
Then, lucky favour coffee ends in audit the problem discovered in the annals process December 31, 2019, the board of directors established a special board of inquiry technically, trade at announcing empty to add 2.2 billion yuan on April 2 breathtaking result of the forehead.
In still be being investigated at present, add up to will wait to financial data further arrange undertake announcement.
American card makes plan of meeting announcement cut
Last night, how many person to have again one night difficult Mian?
On May 17, 2019, hold water only the lucky favour coffee of 18 months goes to the United States to appear on the market, the fastest record that created Chinese coffee brand to found to appear on the market to the US stock oneself. The intermediary group of IPO of lucky favour coffee included luck 2019 letter, Magenshidanli, medium golden international, sea connects international, how be always its audit orgnaization. Lucky favour data is suspected of building a holiday to be without controversy to will produce adverse effect to these intermediary orgnaizations.
And more miserable still is to fail " desert " investor.
According to Wind data, in the fund of coffee of heavy Cang Ruixing, fund of America thering is no lack of (American Funds) , Beilaide (BlackRock) , vanward group (Vanguard) , Fu Daguo border (Fidelity International) wait for international famous endowment pipe company.
Among them, the American Funds SMALLCAP World Fund below America fund banner is coffee of hold luck favour the fund with maximum number, and last year end just undertook adding a storehouse, up to 2019 end hold five million and eighty thousand seven hundred, occupy than 2.16 ％ . In addition does America fund still have American Funds IS? Global Small Cap Fund, American Funds IS? The coffee of favour of luck of many fund hold such as Intl Gr And Inc Fund.
Many fund below shellfish Lai De Qi also coffee of hold luck favour, include BlackRock Technology Opportunities Fund, BlackRock Science & Technology Trust II and IShares Core MSCI Emerging Markets ETF of two ETF product, IShares MSCI Emerging Markets ETF, aggregate hold 1.757 million, occupy than 0.75 ％ . Among them BlackRock Science & Technology Trust II is going year end adds a storehouse considerably forty-two thousand one hundred.
To luck favour is suspected of the financial incident that make a holiday, at present already investor contacts claim for compensation.
According to the United States " negotiable securities traded 1934 law " those who fall is run-of-mill oppose con provision, namely famous 10b-5 is regular, be based on the reliance that to appearing on the market the company discloses information to buy the investor of the stock, can offer civil suit to stock publisher. In the meantime, false to carrying out business to be suspected of building responsibility person also has corresponding criminal responsibility to give punish.
To can undertake relief to investor, the United States " Sabansi - bill of Ao Kesi interest " establish fair fund system, the penalty that the person that the person that can superintend the United States is suspected of making a holiday to carrying out business has, confiscate and criminal fine brings into fair fund in, use at compensating for investor.
Be suspected of finance affairs making a holiday
Lucky favour is not the first
Review the history, lucky favour coffee also is not the first is suspected of finance affairs making a holiday, and the case of snipe of success of orgnaization of the sky that be done.
1, joyous luck century: Successive 4 years money newspaper makes a holiday, date from adjusts newspaper of 3 years of money
From Gao Yi valence rate borrows housing to appear on the market, to head discharge star leaves, from investigate card inspect by meeting put on record, because successive finance affairs builds a holiday to be punished,arrive, build a holiday to move old and financial data repeatedly because of finance affairs to nowadays again, appear on the market a few years short time, ever signed the joyous luck century that arranges the actor of many a gleam of such as Yang Mi, Li Yifeng, Yang Zi, Gu Nailiang, borrow housing to appear on the market to be finished smoothly, begin from 2013 successive 4 years, add battalion to close through empty, fiction receives a response to receive the method such as money to give gain wantonly " affusion " , can be punished again nowadays by card inspect, scene no longer discharge clears.
On Feburary 18, 2020 evening, the financial forms for reporting statistics after 2016 year, 2017 year and 2018 year date from adjust announcement of joyous luck century, this is joyous luck century finance affairs of joyous luck movie and TV creates wholy-owned subsidiary the holiday is met by card inspect the follow-up processing after fish.
In fact, be in early in July 2017 portion, joyous luck century sufferred meeting put on record investigates card inspect, in 2019, the findings of put on record that is as long as two years gives heat eventually, drag in gives a company the striking fact that successive and old finance affairs makes a holiday, company and relevant personnel also are punished accordingly by the administration such as amerce, warning.
On November 4, 2019, joyous luck century issued Chinese card watch the announcement of book of decision of punishment of administration of meeting Chongqing superintendency bureau. Condemnatory book shows, because joyous luck movie and TV fails to provide true, accurate, whole 2013 year, 2014 year, 2015 year and the financial data that half an year spent 2016, the major asset that causes joyous luck century to make public exposure recombines a file to exist false account and great omit, company and relevant responsibility just are fined 4.52 million yuan by accumulative total.
Specific in light of, the outstanding achievement of joyous luck century builds a holiday to basically come from 4 respects: Affirm income empty adds business income, fiction to call in ahead of schedule receivable money is little plan carry bad Zhang preparation, defer plan raise receivable money bad Zhang preparation, accuse a partner and its correlation to just take up capital of joyous luck movie and TV.
Add up these, its finance affairs built false amount to exceed 100 million yuan.
Beauty of star of original name of joyous luck century is combined, it is the old brand that appeared on the market 1999 appears on the market company, advocate business Wu is drama of movie and TV make issue, actor broker, game and periphery of movie and TV derive business. Main product has teleplay to reach derive article, the film and derive article, actor broker.
Because after finance affairs builds a holiday to adjust, embellish of before joyous luck century 3 annual interest is reduced many, the outstanding achievement 2019 is to not allow more hopeful. On January 21, 2020, joyous luck century is announced outstanding achievement is premonitory 2019 show, the vest in inside report period appears on the market the net gain of company shareholder reachs 600 million yuan 400 million yuan for deficit, than going up year of the corresponding period drop 223.22% to 284.83% .
2, PPG: From " the Dai Er of garment industry " to " cheat cheat elder brother "
PPG held water in October 2005, business mode is to carry Internet sale shirt. The small capital fund, concept that reduces current segment, add low price and bomb wantonly the advertisement promotion of type, become an a dark horse of garment industry quickly.
At that time, full world is " Yes! PPG " ad saying and the smile with Wu Yan handsome ancestor.
2006 the 3rd quarter, PPG obtained TDF and JAFCO Asia (collect Fu Yazhou) the combination of round of 6 million dollar invests. April 2007, PPG acquired the investment of ten million dollar the 2nd round, besides TDF and collect Fu Yazhou increases investment besides, still introduced KPCB (triumphant roc Hua Ying) .
By 2007, PPG has begun to be announced to give a few issues by media, default quality of payment for goods, kinds or types of goods to complain for instance etc, but PPG still got count compose of domestic wind spec chase after hold in both hands, among them firm of 3 hill investment exceeds 30 million dollar to PPG investment, divulge PPG already planned to appear on the market at Nasidake going at the beginning of 2009.
2008, PPG mode appeared VANCL (Fan Kecheng is tasted) , the copyist such as net of actor unlined upper garment, CARRIS, PPG not only desertioned the position of industry old, lawsuit pesters body, tall canal to flow medicinal powder, more come out father Li Liang coils paragraph abscond says.
2009 end, be known as for a time " the Dai Er of garment industry " , " the example of small company " commercial myth still resembles eventually lathery broken in that way. PPG headquarters person goes the building is empty, one ins disorder, the court that is stuck on the wall carries out ruling book to show PPG has closed down, goods is not obtained after many customer pay, call PPG angrily consequently " cheat cheat elder brother " .
Sohu IT is in the Ceng Ping on Internet congress singled out 5 years to invest 2009 relatively unsuccessful website, PPG ranks head of a list of names posted up, become in last few years the investment joke with Chinese bigger Internet.
After the event, have the real reason that the analysis disclosed to PPG fails: Surface of father Li Liang appears on the market do electronic business affairs, but the content of form a complete set flows, the company that storage is him, or concern with him secondhand, he keeps making money to these companies, the money of investor coverts as charge the under one's name that enters him himself. Money changes light, li Liang also was done not have. He from have plot beforehand namely at the beginning, preparative ground encircles money, he is very clever, assiduous, executive power is enough also, but it is jumping-off place impure.
The success of a company, commercial pattern is among them one part, and more important is the drill that carries out this trade pattern dish hand. PPG fails, wrong is pattern of trade of person and rather than.
3, ITAT: One " imperial new clothes " reprint story
If say to of PPG creation is brand-new, the word of the garment trade pattern on Internet, so ITAT is online below created pattern of another garment trade. Although their mode is different, but have very much same place among them: It is to do dress business, it is commercial pattern innovation, founded the famous brand, insanity that obtains VC/PE angle wins a huge sum investment, dead very ugly.
In September 2004, the domestic member inn of ITAT is in Shenzhen practice, later with " 0 payment for goods, 0 hire, 0 inventory " mode, composition cooperates " iron triangle " -- the ITAT that the hand holds a series of dress brand brands, overproduction pays again do not have market " cost entering the arena " medium or small the dress acting shop, land agent that owns a large number of unused property.
Between 3 years of a long time, "Explosive type " the ground is in boardcast sowing of more than 300 city of countrywide nearly 800 inn. From 2007 arrive first in May 2008, ITAT door inn goes to many 780 from many 240 dilate. World of speed of ITAT so-called set up shop, it is Chinese dress general merchandise bigger chain orgnaization.
As distinctive as its mode and develop speed to answer relatively, the insanity that is investor is chased after hold in both hands.
Ever held the post of IDGVC the Liu Zhongqing with Shenzhen acting head enters ITAT with angel investor. In November 2006, capital of blue hill China invests investment of 50 million U.S. dollor to ITAT. Subsequently, more investment just are cast come big-leaf hydrangea, in March 2007, ITAT finishs financing the 2nd round, outside eliminating sth used to one's own advantage of blue hill China, investment still just has Magenshidanli and Citadel Investment Group Ltd. , tripartite parts contributive 30 million, 30 million with 10 million U.S. dollor, later, united States forest (Asia-Pacific) limited company also enters ITAT.
ITAT holds water only 4 years, its appraise value is expanded to come one billion two hundred and fifteen million seven hundred and fifty-two thousand one hundred and ninety-two above, make a person indeed sip tongue.
Chase after with investor hold in both hands different, the client does not buy the Zhang of ITAT. Of ITAT numerous those who phoneticize is formed is alleged " foreign brand " let client self-identity very hard, for instance Aomaha of brand of Piliya of brand of British brand Telundun, Italy, France, the quality shopper of inventory of dress supplier keep long in stock does not look to go up at all eye, and the unused property of out-of-the-way a sector of an area is bright somebody more patronage.
But, to handle investment support of the people drops the investigation of travel, ITAT lets employee play the part of a client, make " Xu Fanrong " picture, pass software of inside financial management at the same time, considerably empty increases sale. ITAT predicting sale can be amounted to 2007 4.2 billion, but disclose according to insider, real sale connects 10 100 million be less than.
What another does not buy ITAT Zhang is couplet reachs place, march 2008, ITAT appears on the market in what couplet reachs place listen dispatch was not passed, couplet reachs place to ITAT be anxious to depend on its business mode but durative.
Subsequently, couplet hands in place to receive an an anonymous letter about ITAT, inform against its to be put in empty to increase the improper accounting action such as sale data. Gao Cheng, United States forest announces to end the cooperation with ITAT subsequently. Caused the earthquake with massive ITAT from this: Cut down the member of persons employed, put up the shutters, default salary, default a series of problems such as payment for goods by gouge, as in August 2009, shandong flexibly the group abandons with ITAT buy negotiate, ITAT is latter one helps straw also came to nothing.
The case of ITAT, be a model " drum sends a flower " game, also be " imperial new clothes " reprint story.
4, Asian interactive medium: Market prise arrives from 2.8 billion yuan 0
A hope is become " Chinese silent is overcome more " the person that do poineering work and he that " too good so that truthless " commercial pattern, greeted the sudden death in Japanese capital market finally.
On September 20, 2008, "Asian interactive medium " do poineering work finally from Tokyo stock exchange board retreat city, 2.8 billion yuan of market prise are rapid the world evaporates.
In July 2004, asian interactive medium is in British the Bermuda is established, professing is " China offers the leader that crosses solution of guideline of media platform TV program " , in its sales revenue, with TV ad acting business is given priority to, TVPG (TV program guideline) with EPG (electronic program guideline) for complementary.
2005 month in October, the company acquires the investment of Chinese larch capital. Later, asian interactive medium was inducted early or late include company of certificate of Singapore wild village (hold company already issued share 38.89% ) , company of certificate of Japan of United States forest (11.88% ) , Japan's bigger ad company report is connected (2.70% ) , JSAT of Japan's company of NTT mobile communication, bigger satellite communications company.
In April 2007, asian medium appears on the market in Tokyo certificate bourse. Because the accountant office of Asian interactive medium rejects to be its,the fuse of the incident that retreat city is 2007 annals issue audit opinion, expose the scandal that gave assets of company of divert of its CEO Cui Jianping.
Cui Zaiwei gets company board of directors agrees with a circumstance to fall, will wide the debt that inspects a network to be science and technology of cowfish of Beijing of tripartite enterprise to expand a company in the time deposit of the 106.9 million RMB of the Bank of China is done assure, latter borrows money from the bank 103 million yuan of RMBs, have 1, 8 million yuan already are used at repaying part of dolphin science and technology borrows money, and surplus capital or will not call in.
Of Asian interactive medium retreat city, allow investor of 11 penates Wu at the same time accidentally drop, lost exit platform. Chinese larch capital regards this as the 2nd large stockholder of the company, still hold its the share of 9.19% , sold in May 2008 this year only gave the share of 1.34% ; And other the historical record that 10 partner transfer without equity.
5, Longtop: Be forced disband use 4 months only
This was 2011 of the sky that be done in without exception in, fall a the rapiddest.
On April 26, 2011, citron publishs a report to oppugn Longtop to be suspected of making a holiday, the join forces in participating in its with another OLP Global does empty Longtop. Arrive all the time end company will disband altogether in August only 137 days.
The Longtop that caught up with the first poineering tide of Chinese is established in July 1996, appear on the market at handing in place to hang out his shingle formally at button on October 24, 2007, financing 180 million dollar, become the company of first China software that joins place to appear on the market in button at this point, this also is in for it 2011 in without exception a tragic color was added in the tide that retreat city.
The report that IDC issues shows, 2009, this dedicated the company that serves the market integratedly at financial IT, 586 million yuan close in battalion of bank IT domain, in bank IT solution market have rate for 8.2% , row market the first; The market share of 44% is held in BI domain; Achieve in the market share of core business solution 8.3% ; Manage in CRM(client relation) solution market, the market share of Longtop is 22.2% ; In insurance IT domain, longtop with the portion of 13% , row market the 2nd.
Citron report thinks in Longtop profit far outclass competitor, oppugn origin of its profit margin, recruit setting of layer of mode, management, correlation to trade to the employee of Longtop, audit report raise doubt. Inside two days, longtop stock steeps fall exceed two to become.
Longtop responds to citron doubt, announce to counter-purchase the stock dimensions by 50 million dollar rise to 100 million dollar, and got the international such as bank of Montreal of bank of Paris of tall Cheng Gaohua, France, heart volition bank, Canada is cast go support energetically, give out " buy " grade, share price goes up greatly that day 14.75% .
Of good times don't last long is, on May 9 citron again dispatch:
The related concern of Longtop and Xiamen LongTop Human Resources (XLHRS) raises doubt, its change place of the book that register to show attorney and legal representative according to the company of XLHRS, contact the information that OLP provides, reach the attorney is the employee of law Wu department of Longtop in fact. Citron thinks, XLHRS and Longtop are a company in fact, and according to industrial and commercial file indication XLHRS pays compensation for Longtop, this still is put in the possibility that masks company true finance affairs.
On May 10, longtop has a response to the report of OLP Global and citron, those who think to send personnel not to form related company is inevitable, it is to fulfill contract justice merely. After Longtop clarifies although share price rises 7.87% , but it seems that condition begins to be rescued hard.
Release from the report, rosen Law Firm, howard G. The attorney office such as Smith announces to spread out the group suit to Longtop.
On May 17, longtop is stopped by bourse card. On May 19, longtop announces to defer deliver 2011 money on May 23 formerly year the fourth quarter and whole money year money newspaper. Then on May 19, longtop is presiding and financial official (CFO)Derek Palaschuk submitted resignation through correspondence.
July the last ten-day of a month, button hands in place to start the program that retreat city. Longtop will hand in place to retreat city from button in August, turn to powdery weak market. On August 31, because be suspected of finance affairs making a holiday, longtop announces to disband, its employee is received by BI company for the most part. Release a report to the company to disband from citron, spent 4 months only.
Longtop hands in a market to go up in button " transitory " it is medium not only without exception money signs up for " cost " escape hard fate, of poineering market of company of software of the China in good also unripe unripe seal and even Chinese business " pain spot " : Freely development is balanced hard -- " financing is very big one part is used at was being bought " .
Write finally
In the light of luck favour coffee is suspected of the financial incident that make a holiday, chinese card inspect can release newest statement to state height pays close attention to, the financial to lucky favour coffee behavior that make a holiday expresses strong condemnation. No matter appear on the market in He De,emphasize, appear on the market the law that the company ought to abide by relevant market strictly and regulation, true and accurate fulfill information thoroughly to disclose obligation.
Chinese card inspect meets what will superintend collaboration according to international negotiable securities concern arrangement, undertake checking to relevant circumstance lawfully, determined blow negotiable securities is con behavior, rights and interests of cogent protection investor.
Ceng Chuang builds 18 months to appear on the market the most quickly record, be opposite for a time mark star Buck, should become China brand of the first coffee, is the destiny of lucky favour coffee met what course to follow?
