Vantone NeoDev Group(SH:600246) Di Yi Cai Jing·2025-08-19 00:24Core Viewpoint - The actual controller of Wantong Development, Wang Yihui, has been detained for investigation, which the company claims will not significantly impact its daily operations [2][3]. Group 1: Company Management and Governance - Wang Yihui, aged 71, is the chairman and has held various significant positions in other companies, including Beijing Pioneer Grain and Agriculture Co., Ltd. and Jia Hua Oriental Holdings [2]. - Following the detention, the board of directors held an emergency meeting and appointed Qian Jinzhu, the CEO, to assume the roles of chairman and legal representative [2]. Group 2: Business Strategy and Financial Performance - Since the exit of Feng Lun in 2016, Wantong Development has rebranded and shifted its focus from real estate to sectors like culture, technology, and new infrastructure [3]. - The company is currently pursuing a transformation towards communication and digital technology, including a proposed acquisition of a 62.98% stake in Beijing Shudao Information Technology Co., Ltd. for 854 million yuan [3]. - The target company, Shudao Technology, reported a revenue of 16.28 million yuan and a net loss of 35.98 million yuan in the first half of the year, with total assets of 330 million yuan as of June 30 [3]. - Wantong Development has been in a continuous loss state for the past three years, with a total revenue of 495 million yuan and a net loss of 457 million yuan in 2024 [4].