(Beijing News) Chinese coffee chain company Ruixing Coffee, reported by the meeting that will be held on Thursday (July 2) to relieve Lu Zhengyao's chairman and directors.
According to the Financial Report, Rui Xing revealed the above news in an announcement the day before yesterday, and said that the basis for asking Lu Zhengyao's resignation was the documents and other evidence found in the internal survey of the Board of Directors, as well as the evaluation of Lu Zhengyao's internal survey.EssenceThe implication was that the investigation found that Lu Zhengyao personally participated in the fraud and did not cooperate with internal investigations.
Ruixing Coffee was revealed in April this year to reveal the forgery of 2.2 billion yuan (about S $ 4.40 million), and Lu Zhengyao was charged as one of the main trader behind him.
In this regard, Lu Zhengyao did not sit still, but proposed to convene a temporary shareholders meeting on Sunday (July 5) to avoid Li Hui, the chairman of him and Dashu Capital, Liu Erhai, executive partner of Yueyue CapitalDirectors, including Four of Xiaodheng.It is said that Lu Zhengyao's suggestion that Lu Zhengyao resigned from the position of directors and chairman was put forward by the special committee responsible for Shao Xiaoheng.
However, in the announcement the day before yesterday, Rui Xing's board of directors had called on shareholders to oppose Shao Xiaoheng's position, so as not to interfere with the internal investigation of his leadership.This shows that the contradictions within the board of directors of Ruixing have been completely disclosed.
The three entrepreneurial projects of the three people were once known as the Iron Triangle
The two people familiar with the matter revealed to the Finance that Li Hui and Liu Eryhai learned from the media that Lu Zhengyao was preparing to hold a shareholders' meeting and eliminate their directors, and neither of them agreed to withdraw from the board of directors.
Li Hui and Liu Eryhai have cooperated with Lu Zhengyao for many years, and have continuously participated in the latter's three entrepreneurial projects: Shenzhou Car Rental, Shenzhou Youxian and Ruixing Coffee, and played an important role in the high -speed listing of Ruixing Coffee.Therefore, the three of them were once known as the iron triangle by the outside world.
However, the person familiar with the matter revealed that after Ruixing's financial fraud was revealed in April this year, the relationship between the iron triangle had cracks.It is understood that after Li Hui and Liu Eryhai received the Ruixing counterfeit report submitted by the audit Fang Anyong, in addition to supporting the publicity of the results, they also supported Shao Xiaoheng Leadership Special Committee to investigate the counterfeit of the counterfeit.
Ruixing Coffee announced on Friday (26th) that its stock will be suspended from the Nasdaq transactions from today, which means that the company's delisting is a foregone conclusion.Earlier, Ruixing Coffee had taken the initiative to withdraw the application for the next hearing.
