Knowledgeer talks about rumors of SOHO China CFO

[Global Times Reporter Fan Lingzhi] Recently, some netizens on Weibo broke the news that "SOHO (China) chief financial officer Ni Kwai Yang was taken away by the police for suspected insider trading, and many executives of the company were also investigated." On July 6, a person familiar with the matter told the Global Times reporter that the news about the "SOHO (China) chief financial officer was investigated by the police for suspected insider transactions" was not unique.

Ni Kuyang was investigated and related to the attention of investigators. Some shareholders asked SOHO (China) in a timely manner to disclose the company's major changes in the company in time, calling on SOHO (China) to effectively safeguard the rights and interests of the majority of shareholders and announce the relevant situation as soon as possible.

On the 6th, SOHO China, which was traded in the Hong Kong Stock Exchange, plummeted by more than 2%, which was close at HK $ 1.44. As of press time, SOHO (China) has not yet responded to Ni Kwaiyang's related news.

The public news did not specify the inside story transactions that Ni Kwaiyang was suspected, but some media said in the report that Ni Kwaiyang used the known inside information to use stocks to cash with stocks in the SOHO China case and was taken away by the police away.

According to SOHO China financial report, Ni Kuyang joined the company in July 2008. He served as the company's chief financial officer in October 2018. He has more than 20 years of experience in accounting and finance.

According to public reports, as early as March 2020, the Blackstone Group was reported to negotiate with SOHO China on privatization, involving a transaction price of about 25.8 billion yuan. On June 16, 2021, Blackstone Group officially issued a full acquisition offer to obtain SOHO China controlling stake. The purchase price is HK $ 5 per share, with a total of about 19.62 billion yuan.

On August 6, 2021, SOHO China issued an announcement that the transaction with Blackstone Group was officially filed for review by the General Administration of Market Supervision in accordance with the Antitrust Law. On September 10, 2021, SOHO China issued another announcement saying that Blackstone Group will terminate the acquisition of SOHO China. SOHO China's twists and turns "Selling Plan" finally folded.

In the process of "selling" in SOHO in more than a year, after each key transaction information came out, the stock price began to fluctuate violently, and there was a plunge or surge. After the transaction was completely blown, SOHO China's stock price plummeted by more than 30 %, and since then, it has been stunned. After closing on July 6, SOHO's market value of only 7.487 billion Hong Kong dollars.

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