Xiaobawang Culture is suspected of illegal fund-raising
On February 27th, Guan Wei of Zhongshan Public Security Bureau of Guangdong Province issued the Announcement on the Case of Xiaobawang Culture Development Co., Ltd. Suspected of illegally absorbing public deposits, indicating that recently, Zhongshan Public Security Bureau received reports from the masses that Xiaobawang Culture Development Co., Ltd. (hereinafter referred to as "Xiaobawang Culture") was suspected of illegal fund-raising. The Zhongshan Public Security Bureau is currently conducting a full-scale investigation on this case.
according to the provisions of the circular on issues related to banning illegal financial institutions and illegal financial business activities, illegal fund-raising refers to the behavior that a unit or individual raises funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other creditor's rights certificates without the approval of relevant departments in accordance with legal procedures, and promises to repay the principal and interest or give a return to the investors in cash, in kind or other ways within a certain period of time.
At present, the police have not announced the specific cause of action.
She once drew a "pie" of 5 billion yuan to raise funds
Now she is being sued to recover the subscription money
In August p>216, Xiaobawang Culture WeChat WeChat official account published an article entitled "Xiaobawang Group started listing, and 3 million yuan of original shares were returned to new and old partners".
It is mentioned in the article that in August of that year, Zhongshan Xiaobawang Culture Industry Technology Group (later renamed Xiaobawang Culture) launched a listing plan and held a listing kick-off meeting to re-integrate all the brands and related assets owned by Xiaobawang, and shouted the slogan of "building a new overlord of the game industry with a market value of over 5 billion in the future".
At the meeting that day, the original shares belonged to the first round of issuance before the listing of Xiaobawang, and there were two forms: first, stock subscription, mainly for suppliers and partners who rushed to buy the original shares. According to reports, the on-site subscription is 1, yuan. It is conservatively estimated that the market value after listing in three years can reach 6,-8,, and the value added is 6-8 times. The second is the on-site ordering of equity gifts, mainly for the old agents and newly signed partners with Xiaobawang. According to the amount of on-site signing, the group will return the original equity according to 1% of the order amount. "That is, if you order 1 million, you will return 1, original shares. After three years of listing, it is conservatively estimated that the appreciation will be 6-8 times, that is, 6,-8,. It is basically how many goods you ordered and how much we sent." At that time, Qi Haisheng, vice president of Xiaobawang Group, introduced this.
according to the interface news report, there were publicity materials at that time. "Commitment to listing in 219, with a net profit of 4 million, will have 5 to 8 times the income, and you can choose to quit at any time. If it is not listed and repurchased at an annualized rate of 4%, there is no investment risk. "
at that time, the bully culture launched a 3 million yuan equity subscription, which attracted many investors. However, since then, after the brief appearance of the bully game console at the press conference, the release date of the product has been delayed again and again, and finally it has not caused a splash in the market. The listing of bully culture is also far away. In 219, the company's operation also fell into serious difficulties. The main body of Xiaobawang's listing went empty, and the listing plan stagnated.
China Judgment Document Network shows that since 219, there have been intensive judgments on investment disputes between the bully culture and investors. According to incomplete statistics, nearly 5 natural persons have sued Xiaobawang Culture, demanding a refund of the equity subscription, and each lawsuit involves an amount of 1, to 1 million yuan.
once went bankrupt and reorganized
the relationship was cleared by the "Little Overlord" brand
On November 5, 22, the Intermediate People's Court of Zhongshan City, Guangdong Province issued a notice saying that it had received an application for bankruptcy liquidation of Little Overlord Culture, and then the news that "Little Overlord" was bankrupt spread all over the sky.
However, the "Little Overlord" brand distanced itself from this. At the same time, official website declared that "Little Overlord Culture Development Co., Ltd., which was publicly reported by the media and filed for bankruptcy on November 6, 22, was a third-party vR product development and production enterprise that had cooperated with Little Overlord. Since the project products have not been listed as expected by the brand, the two parties actually stopped cooperation in early 219. "Little Overlord Culture Development Co., Ltd." has nothing to do with the "Little Overlord" brand or product! "
According to public information, Xiaobawang Culture was established in 215, and it is a developer of children's early education machines. Its main products include red and white game machines, children's early education machines, children's tablet computers, VR educational videos and so on. In 216, Yihua Department Store (the main department store business of Yihua Holdings) invested in Xiaobawang Culture, and then Xiaobawang Culture cooperated with Xiaobawang to develop VR products. Since 219, Yihua Holdings has been applied for liquidation by creditors, and it is still suspended. According to the Beijing News, according to the data provided by the merchants of Yihua Department Store, the amount of payment owed by Yihua Department Store in Zhongshan and Jiangmen alone has reached hundreds of millions of yuan.
On November 17th last year, Yihua Holdings announced that Xiaobawang Culture was still an associate company of Yihua Holdings.