Investor tells entrepreneur Pacific Investment and Hing long letter to reach dispute

Chinaventure Beijing Time February 15 news, media reports that Beijing Xing long xinda technology companies and investors into dispute, Pacific Investment Management company chairman Tangyi accused Hing Long Xinda company escaped capital reported losses, change the company license and transfer business. As soon as the news came out, the industry was in an uproar and a number of industry people suggested that the investment blacklist should be established.　　Hing Long Xinda CEO Lei responded that he is currently consulting lawyers on this matter, and will then make a public statement. According to the Pacific Investment Management company chairman Tangyi Weibo, January 2006, the Pacific Investment and Lei and Chunhui founder of "Beijing Xing Long Letter Technology Development Co., Ltd." signed a loan agreement, the amount of RMB 1 million yuan.　　Also signed the investment Agreement, the service agreement, the operation Management agreement and so on. February 14, 2006, Hing Long Letter Science and Technology Development Co., Ltd. issued a confirmation letter, confirmed through the LEI personal account received investment and loans, and undertook the agreed date of the agreement to return all loans and interest.　　Tangyi said the company had been reporting losses to investors over the next few years.　　2011, Pacific Investment found that Lei and Chunhui founded a new company and frequently seen in the media, the company is "Beijing Xing long Xinda Technology Development Co., Ltd.", according to the media reported Hing Long letter Tatsu said the company was not a company.　　Tangyi said, Hing long letter and Hing Long letter Tatsu Two companies in the founder, the main business is no difference.　　According to public information, Beijing Xing Long letter Tatsu Technology Development Co., Ltd. was founded in 2000, is China's earliest largest e-commerce service provider, with Nokia, Motorola and other customers, last year was shortlisted entrepreneurs 9 strong horse race. Xing Long, chief executive Lei, said in an interview with the media, "Hing Long letter Tatsu set up 10 years ago, has not yet received VC/PE investment, do not borrow wind, the basic reliance on endogenous growth, can be in the E-commerce rapids in the decade to survive strong, annual income from hundreds of thousands of to 2010 years more than 500 million.　　"This has attracted investors to be quite dissatisfied. In Tangyi view, Lei without the consent of the investors, will hing long letter of the asset business to Hing Long letter Tatsu company transfer.　　"Recently, he (LEI) has claimed that the company has gone!" Shenhongsang, vice president of Pacific Investment, said: "After verification confirmed, Hing Long letter Tatsu promoter for many years ago Pacific once invested in a company, after the escape capital reported losses, change the company license and transfer business." Our company retains the current borrowing documents and agreements, and reserves the right to pursue borrowings against its legal and management teams and to sue its team for financing fraud. "The vice president of the Korean Investment Phoenix Fund Wang Ping, said that investors jointly set up a" blacklist "to protect the interests of investors.　　Many insiders believe that if this is true, it will be the beginning of the industry reorganization.　　Origin article: Dialogue Hing Long Letter Tatsu CEO Lei: not yet encountered VC "Bole" the latest report: Hing Long letter Tatsu was accused of financing fraud industry calls for the establishment of investment blacklist"Hing Long letter Tatsu Response" Hing Long letter Tatsu denied financing fraud said the management to hijack the interests of the new company