Xincheng Holdings sent an open letter: deeply sorry and uneasy about Wang Zhenhua's case. Titanium Express.

Titanium news|July 5 news:After the July 3 wind wave, this afternoon, New City Holdings finally released the public letter.

Xincheng Holdings said that as a public company, it is deeply sorry and uneasy about the great suffering of the victims and families touched by the storm. Under the leadership of Wang Xiaosong, the new chairman, all kinds of business activities are carried out normally to ensure the stable development of the enterprise.

On July 3, according to Xinmin Evening News, Wang Zhenhua, the chairman of the listed company Xincheng Holdings, was suspected of defaming the girl and was forced to take measures in Shanghai on July 1.

Subsequently, Xincheng Holding Group Co., Ltd. announced that it had received a notice from the Putuo Branch of the Shanghai Public Security Bureau on July 3, 2019. The actual controller and chairman of the company, Wang Zhenhua, was criminally detained for personal reasons. The company was in July 2019. The 16th meeting of the second board of directors was held on the 3rd.

At the same time, the board of directors, with 8 votes, no objection, no abstentions, deliberated and adopted the bill on the election of the chairman of the second board of directors of the second board of directors, and the chairman of the second board of directors of the company's director and president, Wang Xiaosong, elected the chairman of the second board of directors, and the term of office was the same as the term of the second board of directors.

It is understood that Xincheng Holding Group was founded in Changzhou, Jiangsu Province in 1993. Now headquartered in Shanghai, it is a comprehensive real estate group that spans residential real estate and commercial real estate. According to the official website, Xincheng Holding ranks among the top 20 real estate industry in China for ten consecutive years, and its current total assets exceed RMB 290 billion.

After the news was revealed, its associated Hong Kong stock listed company Xincheng Development and Xincheng Yue plummeted more than 23% at the close, and fell to a market value of more than 16 billion.

The following is an open letter issued by Xincheng Holdings:

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