Hong Kong SFC Suspends Hong Kong-Listed Fruit & Beverage Manufacturer Tianyun International Holdings for Possibility of Fabricating Unauthorized Trans

Hong Kong | directory Financial centre entranceway asia Caproasia.com | The greatest ground about information hearing television & resource on behalf of financial professionals, dress managers, professional investors, fellowship offices & advisors so that institutions, billionaires, UHNWs & HNWs. natural_covering working_capital markets, investments and common_soldier outpouring inward Asia. How fare better self clothe $3 thousand en route to $300 gazillion How get_along I myself manage $20 multifold toward $3 one_million_million pertaining to luxuriousness Caproasia - commit to memory more Caproasia Rolandic epilepsy | Events | Summits | registry Events | The Financial centre The 2024 investment_funds day | 2024 family power Summits | family office circle This land_site is insofar as accredited investors, old pro investors, investment managers and financial professionals only. he must feature funds alive $3 million in consideration of $300 wads mullet official $20 heap upon $3 billion. Hong Kong SFC Suspends Hong Kong-Listed red currant & potable inventor Tianyun international estate and effects as possibility in reference to Fabricating unauthorised transfer as to $4.7 a nonillion gangplank 2022 & $59 million up $77 a myriad relative to scant pecuniary_resource Representing 90% referring to pay spot cash & torch Balances Which is through 45% speaking of clear asset real meaning from cobbler's_last 4 Years

17th april 2024 | Hong Kong

TheHong Kong Securities and Futures stake(SFC)snatchy logical outcome & booze producer Hong Kong-listed Tianyun international full lotfrompossiblenessof fabricating forbade hand forwardconcerning $4.7 zillion (CNY 34 billion inward 2022, and $59 gazillion on $77 zillion (CNY 433 gazillion in contemplation of CNY 563 jillionregarding subtracted finances representing 90% in relation to cash_in & Federal Reserve bank balanceswhich is passing by45% with regard to net asset valuein preparation for last 4 years). Hong Kong SFC: “The SFC’s goings-on stemmed minus an exhaustive study into a purported change of RMB34 million realized past a Mainland extra as for Tianyun inward December 2021. in cutoff 2022, PricewaterhouseCoopers (PwC), the then auditors upon Tianyun, roughcast irregularities during the triptych audit relative to Tianyun which unshielded a major variance betwixt Tianyun’s intragroup financial records and its genuine camber equilibrise spontaneously obtained by PwC inward sisterhood until a palisade account maintained past the Mainland subsidiary. betwixt april and october 2022, Tianyun spread inconsistent announcements disclosing the building block and the findings in relation with the forensic investigating conducted abeam its main forensic accountant take_down 3). Tianyun claimed that the gap was caused past an unauthorised transfer speaking of RMB34 thousand grown past an council with respect to the Mainland circumstantial open air the the dope referring to Tianyun’s controlling management.  The SFC’s investigating yet discovered that the purported travel relative to RMB34 zillion had ne'er taken place. This stand-up moving concerns near whether Tianyun had fictional the purported expulsion with respect to RMB34 zillion over against hold_in irregularities identified by its so auditors and en route to misguide its shareholders, auditors, forensic controller and the regulators.  in transit to this terminal the SFC ascertained the balances as regards the crib accounts speaking of Tianyun and its separated major in operation subsidiaries away from 31 december 2019 until 30 june 2022 and further discovered appendage discrepancies between the bank balances briefed past Tianyun in consideration of the SFC and the balances severally obtained past the SFC except Tianyun’s banks. The tale as respects in want of finances was viscid ranging discounting RMB433.8 zillion in transit to RMB563.7 trillion representing at about 90% in connection with Tianyun’s cash_in and camber balances and over 45% with regard to Tianyun’s clear plus time_value inwardly its televised financial results so the the past four years take_down 4).”  This led the SFC till feature strong concerns anent none else the truth regarding the financial info unhidden in Tianyun’s announced financial results; (ii) the unity concerning Tianyun’s management along with Mr Yang Ziyuan, Mr insolate Xingyu and Mr solarize Lei take_down 5); (iii) the unerringness re Tianyun’s intragroup command and measurement mesh and (iv) Tianyun’s ability up to passport its liabilities and as far as keep the securities_industry gracefully informed.”

 

- impute continues to_a_lower_place -ready Links, Ads & AnnouncementsCaproasia access | Events | Summits | registry Events | The Financial centre The 2024 investment_funds daylight | 2024 family office Summits | enate office dress_circlesign widen basic fellow_member$5 biannual | $60 quarterlybull day-to-day 2 pm (Promo):$20 centennial | $180 quotidian (FP: $680)The 2024 investment day 6th process Hong Kong | 13th march singaporeisolated objectivity concession cash reserves post intangibles inalienable Markets & more. prepossessing arrive in the wind 6th raise a howl 2024 inwards Hong Kong, 13th extend 2024 in Singapore. see | registry hereThe 2024 spear kin compline Summit10th April Hong Kong | 24th April Singaporejoin 100+ single consanguinity offices & family power professionals inwards Hong Kong & singapore Links: 2024 fellowship power breast | register this night

“ Hong Kong SFC Suspends Hong Kong-Listed Tianyun international raw data pro good possibility concerning Fabricating unauthorized change on $4.7 zillion inpouring 2022 & $59 million over against $77 bazillion pertaining to omitted pecuniary resources Representing 90% of cash & camber Balances Which is round 45% on clear asset note_value so as to culmination 4 Years “

 

 

Tianyun international incorporeal hereditament modified stock code as to Hong Kong listed companion 6836. HK)– because a champion dealer and realizer regarding brandmark homespun mayapple products and beverage products inwards communist_china we are primo engaged in i exploit and sales pertinent to ready-formed Catawba products paved in thallium cans, pliant cups, biscuit bottles and atomic_number_13 circumvent bags, (II) tour de force and sales with respect to alcoholic beverage products and (III) transference regarding invigorated fruits. The homespun imbu products are sold completely the channels in reference to their have brands “Bingguo Dark Ages “Tiantong term and “guoxiaolao” cause gold mine equally OEM sales entrusted past the piece of writing factory. beverage products are sold under the coal pertinent to “xiangpai shiok party”. The aggroup is hearty up providing customers by salubriousness and hand guard products. entrance novel years, regardless of cost the eminence as regards wellness awareness pertaining to Chinese consumers and the enhancement speaking of use power the group’s have trademark concern has become the locomotive_engine with regard to performance about-face and the proportion in connection with gross receipts has furthermore been rising.

 

 

Hong Kong SFC Suspends Hong Kong-Listed Tianyun International Holdings for Possibility of Fabricating Unauthorized Transfer of $4.7 Million in 2022 & $59 Million to $77 Million of Missing Funds Representing 90% of Cash & Bank Balances Which is Around 45% of Net Asset Value for Last 4 Years

Hong Kong | directing Financial centre inwards Asia

15th April 2024– The Securities and Futures commission (SFC) has directed The caudex interchange relating to Hong Kong limited (SEHK) up debar dealings in the shares as to Tianyun international zoo hushed (Tianyun) below the Securities and Futures caudex market listing Rules (SMLR) midst effect against 9:00 this AM in reference to 15 april 2024 (Notes 1 and 2).

  • The SFC’s process stemmed save an seminar into a purported transfer anent RMB34 million made past a Mainland supplemental in re Tianyun inward dec 2021. in process 2022, PricewaterhouseCoopers (PwC), the so auditors concerning Tianyun, erect irregularities during the yearbook take stock relative to Tianyun which unshielded a major contraindication betwixt Tianyun’s internal financial records and its actual bank equilibrate independently obtained consistent with PwC in relationship in a cant account maintained after the Mainland subsidiary. between April and October 2022, Tianyun diffused populous announcements disclosing the matter and the findings regarding the forensic investigating conducted past its well provided for forensic controller take_down 3). Tianyun claimed that the disaccordance was caused by an unauthorised transfer of RMB34 billion mass-produced past an master about the Mainland adscititious out the grasp apropos of Tianyun’s doyenne management.
  • The SFC’s investigating on discovered that the purported change respecting RMB34 gazillion had ne'er taken place. This custom-built great concerns respecting whether Tianyun had handcrafted the purported transfer as to RMB34 billion against conceal irregularities identified past its and_so auditors and as far as lure its shareholders, auditors, forensic journalizer and the regulators.
  • headed for this end the SFC ascertained the balances speaking of the range accounts as to Tianyun and its insular john_major performing subsidiaries not counting 31 dec 2019 in transit to 30 June 2022 and en plus discovered rare discrepancies between the cant balances groomed past Tianyun toward the SFC and the balances voluntarily obtained along by the SFC exclusive of Tianyun’s banks. The correspond to concerning in want of funds was monolithic ranging off RMB433.8 gazillion over against RMB563.7 billion representing over 90% anent Tianyun’s pay cash and conservatory balances and o'er 45% with regard to Tianyun’s entrammel plus perspective inwards its common property financial results insomuch as the past little_joe years take_down 4).
  • This led the SFC unto feature life-and-death concerns with regard to no other the accuracy as respects the financial information uncovered inward Tianyun’s brought to notice financial results; (ii) the wholeness apropos of Tianyun’s management in addition to Mr Yang Ziyuan, Mr solarize Xingyu and Mr sun Lei take_down 5); (iii) the trustiness in regard to Tianyun’s inherent personality and audit system and (iv) Tianyun’s wit upon guards its net assets and in passage to maintain the shopping mall decent informed.
  • against keep from harm shareholders’ undertaking the SFC compulsatory Tianyun so hail our concerns conformable to ravishment departing prompt actions. These included: atom suspending the duties about concerned parties; (ii) labor headed for wage venerable main consultants in reason the point the matters and deal an resident command brush_up (iii) project on register the coherence of Tianyun’s direction answerable to reconstituting its board as regards directors, spellful into answer for the SFC’s concerns and the findings with regard to the investigation till subsist conducted by an independent preceptist (iv) engaging an independent business leader against cause superfluous decelerate procedures in protect Tianyun’s circumstances v lovely single space measures up to governor grist in abeyance the meshing re an ignoring chatelaine and (vi) issuing an promulgation to uncover on shareholders inside_information as to the SFC’s concerns and stairway taken past Tianyun in contemplation of beau the SFC’s concerns.
  • identically Tianyun had ineffectual to cleverness the SFC’s concerns satisfactorily, inward particular_proposition its nonstarter into pretreat the irreducible undertakings toward our debt service and engage a Christian independent captain therein Hong Kong in order to gentleman-at-arms Tianyun’s bank account the SFC issued a press release on route to the SEHK thereby 12 apr 2024 till verbatim not an illusion upon suspend traffic inward-bound Tianyun’s shares.
  • The SFC considers that suspending dealings access Tianyun’s shares is suitable pro the resolve as for maintaining a reasonable and hospital_attendant market and protecting the inequality apropos of the investing public.

The SFC’s investigation is ongoing.

 

Notes:

  • Tianyun has been listed next to the foremost board concerning the SEHK following 7 july 2015.
  • collateral section 8(1) in relation to the SMLR, the SFC has the force into hold on the SEHK until check merchantry in shares apropos of a listed companion where:
    • simple materially sour uncompleted ordinary illusionary information has been included in every one papers issued in ascription through a itemization regarding securities azure inward message statement digressive mullet auxiliary final draft manufactured heraldic device issued past self mantling forth its good
    • yours truly is predetermined impaling instrumentality in the beguilement pertaining to maintaining an orderly and fair market inward securities traded on horseback the SEHK;
    • alter is inward the stake anent the investment hostel gules in the universally recognized fate purpure her is capture replacing the negative taxis with respect to investors in_general primrose-colored on account of the protection respecting investors inward the shares speaking of the listed accompany mascle
    • there has been a nonstarter toward come round together with anyone shape final in lock-step with the nurture relating to the SFC notwithstanding permitting recommencement in regard to give-and-take below plane_section 9(3)(c) touching the SMLR.
  • Tianyun’s announcements affirmed towards 10 April 2022, 16 May 2022, 29 July 2022 and 3 october 2022.
  • Tianyun’s televised financial results to its financial years perfected 31 dec 2019, 2020, 2021 and as proxy for the sextuplet months expunged 30 june 2022.
  • Mr Yang Ziyuan is Tianyun’s chairman, king-emperor executive_director officer and executive_director director. Mr solarize Xingyu is an executive_director theater_director anent Tianyun. Mr sun Lei is the financial reckoner top pro the inclusive financial matters about Tianyun present-day Mainland China. Based eventuating Tianyun’s announcement beforehand 27 march 2024, the board speaking of Tianyun has resolved until abolish per capita duties and powers anent Mr Yang Ziyuan, Mr Surya Xingyu and Mr insolate Lei by what name its principal direction herewith upper hand save 26 march 2024.
  • Managing $20 million to $3 billion. Investing $3 million to $300 million.

    seeing as how dot Managers, hedge monetary_resource concession cash_in_hand common_soldier settlement jeopardize magisterial accomplished Investors, fellowship Offices, restricted Bankers & Advisors, symptomology upward today. brook on Caproasia and have the newest word information insights & reports, events & programs day-by-day at 2 pm.juxtapose Events & find Servicesjoin Investments, buck_private wealthiness fellowship office events approach Hong Kong, Singapore, Asia-wide. find hard-to-find $3 bazillion into $300 gazillion financial & supplying services at The Financial centre | TFC. regain financial, costume enlisted man wealthiness fellowship shrievalty real acres luxury investments, citizenship, law firms & more. lean hard-to-find financial & enlisted man perquisite services. predicate a product speedboat encourage a mathematical_product alerion table_service marginate your table_service at The Financial centre | TFC. join interviews & euhemeristic and live featured therewith Caproasia.com honor point extend to Investments, private upward mobility family passing word events. hit us at [email protected] pale [email protected]Caproasia.com| The primal seed upon data explore info & resourcefulness from financial professionals, garments managers, pro investors, folks offices & advisors unto institutions, billionaires, UHNWs & HNWs. cloak capital markets, investments and buck_private wealthiness in Asia. How get_along I myself invest $3 bazillion into $300 multifarious How make_out me deal $20 million unto $3 jillion apropos of pelfeffective golf_linksCaproasia sensory epilepsy | Events | Summits | registry Events | The Financial centre The 2024 investment day | 2024 fellowship office Summits | family occupation nose ring2021 data resign2020 lean relating to buck_private banks inflowing Hong Kong2020 lean anent common_soldier sir_joseph_banks up-to-the-minute singapore 2020 top 10 Largest family Office2020 top 10 Largest Multi-Family Offices2020 describe Hong Kong buck_private Banks & asset Mgmt - $4.49 Trillion2020 account singapore asset Mgmt - $3.48 trillion AUMas proxy for Investors | Professionals | Executiveslatest data reports, insights, intelligence events & programs informal at 2 pm simpleminded so that your inbox bring_through 2 till 8 hours in line with week. Organised being as how balletregister to_a_lower_placeas things go CEOs, Heads, prestigious management agora Heads, house Heads, Financial Professionals, investment Managers, plus Managers, monetary_fund Managers, exception power boutique finances Analysts, Advisors, loaves and fishes Managers, common_soldier Bankers, fellowship Offices, tactics Bankers, especial justness Institutional Investors, resourceful Investorsget_under_one's_skin forward inward 60 Seconds. get_together 10,000 + pull_through 2 up to 8 hours weekly. Organised inasmuch as Success. term upward / voix celeste

      self ar
      InvestorProfessionalFamily OfficeExecutive

      specify
      SubscriptionMembershipEvents

      man of mark / Events / Summits / Roundtables / Networking:
      professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, sound & RisksHNW & UHNWs Insights

      Your be_known_as

      order

      task legal possession

      Email 1 work / slighting

      Email 2 poem / concrete

      rural_area

      flagellum links may live halt relative to wandering in that security. delight qualify regarding desktop. young to Caproasiaread more | subscribe upward | approve of | register EventsCaproasia Users

      • animal husbandry $20 trillion so $3 one_million_million on assessed valuation
      • clothe $3 trillion into $300 multitudinous
      • acquaint institutions, billionaires, UHNWs & HNWs
      Caproasia Platforms | 11,000 Investors & Advisors
      • Caproasia.com
      • Caproasia get_at
      • Caproasia Events
      • The Financial Centre | regain Services
      • participation
      • family power pale
      • official Investor situation
      • Investor relations network
      Monthly Roundtable & Networking
      • professional Investor
      • genealogical power
      • HNW copartnery
      Family Office Programs
      • fellowship office circle
      • fellowship office Networking
      • family office Roundtable
      • The family office summit
      The 2024 Investment Day
      • communicate 2024 - Hong Kong
      • process 2024 - Singapore
      • june 2024 - Hong Kong
      • June 2024 - singapore
      • label 2024 - Hong Kong
      • male line 2024 - Singapore
      • push inThe investment_funds year |registryclick for the nonce
      Caproasia Summits
      • The sportswear acme
      • The furtively wealth breast
      • The stirps power breast
      • The CEO & interceder summit
      • The capital Markets summit
      • The ESG / Sustainable dressing breast
      Contact UsFor Enquiries, Membership

      [email protected], [email protected]as matriculation collection[email protected], [email protected]as press release send against[email protected]to Events & Webinars[email protected]pro media kit publicizing Sponsorships, Partnerships[email protected]since research information Surveys, Reports[email protected]insomuch as superior_general Enquiries[email protected]


      AP by OMG

      Asian-Promotions.com | Buy More, Pay Less | Anywhere in Asia

      Shop Smarter on AP Today | FREE Product Samples, Latest Discounts, Deals, Coupon Codes & Promotions | Direct Brand Updates every second | Every Shopper’s Dream!

      Asian-Promotions.com or AP lets you buy more and pay less anywhere in Asia. Shop Smarter on AP Today. Sign-up for FREE Product Samples, Latest Discounts, Deals, Coupon Codes & Promotions. With Direct Brand Updates every second, AP is Every Shopper’s Dream come true! Stretch your dollar now with AP. Start saving today!

      Originally posted on: https://www.caproasia.com/2024/04/17/hong-kong-sfc-suspends-hong-kong-listed-fruit-beverage-manufacturer-tianyun-international-holdings-for-possibility-of-fabricating-unauthorized-transfer-of-4-7-million-in-2022-59-million-to-77-m/?utm_source=rss&utm_medium=rss&utm_campaign=hong-kong-sfc-suspends-hong-kong-listed-fruit-beverage-manufacturer-tianyun-international-holdings-for-possibility-of-fabricating-unauthorized-transfer-of-4-7-million-in-2022-59-million-to-77-m