万通发展董事长突遭拘留，8.54亿元投资芯片公司再谋转型，股价又提前涨停被疑“老剧本”重演

Core Viewpoint - The recent detention of Wang Yihui, the actual controller and chairman of Wantong Development, raises concerns about the company's ongoing transformation and investment strategies, particularly in light of its recent announcement to invest in a technology firm [2][3][4]. Group 1: Company Developments - On August 19, Wantong Development announced that its chairman Wang Yihui was detained by the Beijing police, with the investigation unrelated to the company's daily operations [2][3]. - Following the detention, the company appointed Qian Jinzhu, the CEO, to assume the responsibilities of the chairman and legal representative until Wang Yihui resumes his duties or a new appointment is made [3]. - The company maintains that its corporate governance structure and internal control systems are robust, ensuring that daily operations continue without significant disruption [4]. Group 2: Investment Activities - Wantong Development is in the process of investing 854 million yuan (approximately 8.54 billion) to acquire nearly 63% of Beijing Shuduo Information Technology Co., which specializes in PCIe high-speed switching chips [5][6]. - The investment in Shuduo Technology is part of Wantong's strategic shift towards technology, particularly in the AI and server sectors, where PCIe chips are critical [6][7]. - Despite the promising technology, Shuduo Technology is currently operating at a loss, with a projected net profit of -138 million yuan for 2024, although its revenue is expected to double to 32.38 million yuan [6][7]. Group 3: Market Reactions - Wantong Development's stock price has experienced significant volatility, rising from around 7 yuan to nearly 12 yuan before dropping to approximately 9 yuan following the chairman's detention [5]. - The company has faced scrutiny from regulators, similar to its previous failed acquisition of Solstice Optoelectronics, as it navigates the complexities of its new investment strategy [8][9]. - Investors are cautious, drawing parallels between the current situation and past events, as the stock price surged prior to the announcement of the investment in Shuduo Technology [9].