On the evening of April 2, Beijing time,Due to the announcement, the total sales volume related to false transactions in the second quarter to the fourth quarter of 2019 is about 2.2 billion yuan, Ruixing coffee triggered six fusions after the opening of the US stock market, closing down 75.57%.
Xu Lei, CEO of Jingdong retail group, said in the circle of friends about Ruixing's financial fraudThe impact on the image of Chinese enterprises is destructive, and the negative impact on Chinese start-ups is far-reaching. After this event, many economic costs of the whole society will increase, because trust has been destroyed, and trust is the most expensive.
Xu Lei said that now he is still advocating that Ruixing's financial fraud is a personal behavior, that Ruixing coffee business model has no problems, and that Ruixing coffee is a good drinker, who is either stupid or bad.
Industry insiders pointed out that this time Ruixing coffee self exploded and counterfeited 2.2 billion yuan. Next,Lucky coffee could face class action lawsuits from investors and huge fines from the U.S. Securities and Exchange Commission.
In response to the financial fraud, the CSRC issued a notice saying thatThe CSRC paid close attention to the financial fraud of Ruixing coffee and strongly condemned the financial fraud of the company.No matter where they are listed, listed companies should strictly abide by the laws and rules of the relevant market, and truly, accurately and completely perform the obligation of information disclosure. We will, in accordance with the relevant arrangements for international cooperation in securities supervision, verify the relevant conditions in accordance with the law, resolutely crack down on securities fraud and earnestly protect the rights and interests of investors.