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Why did the chairman of Lege Group blacklist Ping An Asset Management?

On the evening of August 29, Xiang Lehong, chairman of Lege Co., Ltd., a company listed on the GEM, posted in Moments, questioning the professionalism of Ping An Asset Management’s fund manager research, saying that he would “blacklist” Ping An Asset Management from now on and would not welcome Ping An Asset Management funds.

The manager comes to invest in the company.

Xiang Lehong said that the young fund manager of Ping An Asset Management who was notified of the need for investigation at short notice had a bossy and condescending attitude. He had never been to Lege's factory, had not interviewed Lege's grassroots employees, and had no experience with the company's revenue in the past few years, although there had been no growth.

But nothing is known about the actual product and business organization being constantly improved.

In the evening of the same day, Xiang Lehong first posted on WeChat Moments that "Lege does not welcome fund managers from Ping An Asset Management to invest in the company." Later, he publicly posted on Weibo and mentioned that he and the secretary to the board of directors were notified to join Ping An Asset Management via video.

fund manager, the final investigation ended on bad terms.

Extended information Zhang Liang of Ping An Asset Management responded to this matter. On the morning of August 30, Zhang Liang of Ping An Asset Management responded to the matter of being "blackballed" by the chairman of Lege Co., Ltd. in the circle of friends, saying that the chairman of Lege Co., Ltd.

Zhang Liang restored the whole story of this investigation.

Looking back on this unhappy survey, he said that he offended the chairman on two points.

1. I did go to the site for research on August 28 and did my homework. There is no such thing as "I haven't been to Lege for research".

2. In the online survey on the 29th, I listened to the 15-minute introduction by the secretary of the board of directors and the half-hour introduction by the chairman. I only had the opportunity to ask two questions in the last few minutes: "Why did the company's revenue grow so fast in the past two years?"

"It's not fast, and there may even be a decline..."; "This year's performance growth has benefited from the epidemic. If the growth of demand slows down in the future, can it be increased through market share?"

Zhang Liang said that as a professional investor, one must be professional and prudent in conducting due diligence on any company, and the questions that should be asked will definitely be asked next time.