Vantone NeoDev Group(SH:600246) Di Yi Cai Jing Zi Xun·2025-08-19 01:01Core Viewpoint - The actual controller of Wantong Development, Wang Yihui, has been detained for investigation, which the company claims is unrelated to its daily operations [2] Group 1: Company Announcement - On August 18, Wantong Development announced that its actual controller and chairman, Wang Yihui, was detained by the Beijing Public Security Bureau [2] - The company held an emergency board meeting and appointed CEO Qian Jinzhu to assume the roles of chairman and legal representative [2] - Wantong Development asserts that it has a sound corporate governance structure and internal control system, ensuring that this incident will not significantly impact its daily operations [2] Group 2: Company Background and Strategic Shift - Wantong Development was founded by the "Wantong Six Gentlemen" and later went public through a series of operations led by Feng Lun, establishing the Wantong real estate brand [3] - In 2016, Jia Hua Holdings became the controlling shareholder after investing 3.15 billion yuan and acquired all shares held by Feng Lun, leading to the "de-Feng Lun" transition [3] - Following Feng Lun's exit, Wantong Development rebranded and began to shrink its real estate business, focusing on cultural, technological, and new infrastructure sectors [3] Group 3: Recent Acquisition and Financial Performance - Wantong Development plans to acquire a 62.98% stake in Beijing Shuduo Information Technology Co., Ltd. for 854 million yuan, which has raised inquiries from the Shanghai Stock Exchange regarding the transaction's rationale and valuation [3][4] - Shuduo Technology specializes in high-speed interconnect chip design, with a core product being PCIe high-speed switching chips, but reported a revenue of 16.28 million yuan and a net loss of 35.98 million yuan in the first half of the year [4] - Wantong Development has been experiencing continuous losses over the past three years, with a total revenue of 495 million yuan and a net loss of 457 million yuan in 2024, primarily from real estate sales and leasing [4]