Fengsheng Holdings (00607): Public security authorities rule out 6.64 billion capital misappropriation links

Zhitong Finance App News, Fengsheng Holdings (00607) announced that today, the Jiangning Branch of the Nanjing Municipal Public Security Bureau of Jiangsu Province, China, as a wholly-owned subsidiary of China High Speed Transmission, Nanjing High Precision Transmission Equipment Manufacturing Group Co., Ltd. (the reporting party), reported and investigated matters involving a total of 6.64 billion yuan in advance receivables, received two directors of the company and lawyers from the Shanghai branch of Beijing King & Wood Mallesons Law Firm, and made the following clarifications: 1. After investigation by the public security authorities, it was confirmed that the company had no connection with the misappropriation of funds involving RMB 6.64 billion reported by the reporter; 2. All directors and executives of the company were also not linked to the misappropriation of funds reported by the reporting party; and 3. The public security authorities already wrote back to the person reporting the investigation results of the case last week.