71岁万通发展董事长 被拘留！

Core Viewpoint - The actual controller and chairman of Wantong Development, Wang Yihui, has been detained by the police, causing the company's stock to plummet and raising concerns about its ongoing operations and strategic direction [2][3]. Company Operations - Wantong Development announced that Wang Yihui is cooperating with the police investigation, which is reportedly unrelated to the company's daily operations [3]. - Following the board meeting on August 18, the CEO Qian Jinzhu has been appointed to perform the duties of the chairman and legal representative until Wang Yihui resumes his responsibilities or a new appointment is made [5]. - The board of directors confirmed that the company's operations remain normal and that there will be no significant adverse impact on daily business activities due to this incident [5]. Financial Performance - Wantong Development is in the process of acquiring a 62.98% stake in Shuduo Technology for a total investment of 854 million yuan, aiming to shift its strategic focus from real estate to digital technology [6][7]. - Shuduo Technology has reported continuous losses, with a revenue of 16.28 million yuan and a net loss of 35.98 million yuan in the first half of the year [7][8]. - The total assets of Shuduo Technology as of June 30 amount to 330 million yuan, with total liabilities of 265.86 million yuan [8]. Regulatory Scrutiny - The Shanghai Stock Exchange has issued an inquiry to Wantong Development regarding the rationale behind the acquisition of Shuduo Technology, payment arrangements, and potential insider trading concerns [7].