Electric Business service company Hing Long Xinda and investment in dispute

News and Information February 15, electric business services company Hing Long letter Tatsu and investors into dispute: the Pacific (601099, shares bar) Investment Management Co., Ltd. high-level publicity, its investment hing long letter Tatsu to the new company to evade the return of shareholders, suspected of financing fraud. Xing Long, the CEO of Lei, replied that the matter has a lot of historical details, is waiting for its lawyers to publish relevant statements.

According to Tangyi, chairman of Pimco, who invested in the predecessor company of Hing Long's letter in January 2006, which amounted to about millions of yuan, the Pacific invested many times in the hope of understanding the business situation but was not responding.

But in 2011, the Pacific found the founder of the "Hing Long letter" Team was reported by the media, so the Pacific investment think its business is good, and with the "Hing Long letter" team to get in touch, the order to inform, this is a "hing Long letter Tatsu" new company, and its previous investment in the company has no relationship.

Pacific Vice President Shenhongsang in Weibo that the Hing long letter escaped capital reported losses, change the company license and transfer business. "Our company retains the current borrowing documents and agreements, and reserves the right to recover loans from its legal and management teams and to prosecute its team for financing fraud." ”

Lei, the company's top brass, said the incident had many historical reasons and details, and that it was currently communicating with lawyers and would release a statement.