Feng Xin was once imprisoned when the market value soared in 2015 and is now in prison. After the storm group fell, the last Internet era may also come to an end.
Everything seems to come to an end.
1 span> In the evening of February 2nd, Fengfeng Group issued an announcement saying that the company’s operating conditions had undergone major adverse changes and that a large number of employees continued to be lost. Except for Feng Xin, the company’s senior management personnel had all Resignation, the securities affairs representative who assisted in information disclosure affairs has also resigned. At present, the company only has more than ten people. In addition, due to the shortage of funds, the company still owed salaries to some employees. span> p>
At present, Storm Group does not have a chief financial officer and an audit agency, and may not be able to disclose its 2019 annual report. At the same time, if the net assets at the end of the year are negative, the stock exchange may suspend the listing of its shares. span> p>
The rent of the office space of the Storm Group was paid until the end of February 2020, but when the China Business News visited, it was found that people had already gone empty. span> p>
The crisis of the Storm Group started from the beginning of this year. Due to the paradoxical acquisition of overseas sports event agency MPS, the Storm Group was pushed to the forefront. Since July 28th, thunderstorms followed, and on July 28, CEO Feng Xin was taken by the public security agency for suspicion of crimes. The storm announcement stated that he span> was suspected of bribing non-state workers, span> span> On September 2, the Procuratorate of Jing’an District of Shanghai approved Feng Xin’s arrest on suspicion of bribery and misappropriation of non-state staff. span> p>
The Disciplinary Committee of the Shenzhen Stock Exchange has also imposed disciplinary actions on the Storm Group. Although, Bi Shijun pleaded that he did not know the span> MPS repurchase agreement signed by the Storm Group and served in the Storm Group During the period, he strongly opposed the investment of MPS by the Storm Group. However, in addition to Feng Xin from the Shenzhen Stock Exchange span> , Bi Shijun, who was also the director and secretary of the board of directors of span> , was also publicly condemned. span> p>
As of press time, Storm’s stock price has dropped to 3.22 yuan, with a market value of only 1 billion yuan, but one-third of the peak period. p>
In fact, before the acquisition, the Storm Group was dead. Its heavy investment in film and television, VR and other businesses have been defeated, and the acquisition of MPS by finally pushed the storm group into a corner. span> p>
Feng Xin was once imprisoned when the market value soared in 2015 and is now in prison. After the storm group fell, the last Internet era may also come to an end. span> p>