东莞一平台自曝出现挤兑，所签协议刻意遮掩“投资”属性

Core Viewpoint - Dongguan Mengda Group has faced a liquidity crisis due to a large number of users requesting withdrawals, leading to a non-normal termination of platform operations and significant cash flow issues [7] Company Overview - Mengda Group, established in 2010, is a national high-tech enterprise focused on industrial integration development services, utilizing technologies such as big data, IoT, and AI [1] - The company has over 1 million clients in the plastic chemical industry and has achieved an online trading volume exceeding 240 billion yuan, ranking among China's top 10 B2B platforms [1] Investment Scheme - The "Liuke Yunbang" platform, operated by Mengda Data Company, promised investors fixed annual returns of 8% to 12%, claiming capital safety and principal protection [3] - Investors were required to sign two agreements: a Distribution Cooperation Agreement and a Service Agreement, neither of which explicitly mentioned investment or returns, raising concerns about the legitimacy of the investment [4][5] Financial Operations - The Distribution Agreement involved investors providing "stock turnover funds" to a supplier, while the Service Agreement indicated that investors would receive distribution income, which they believe is actually investment returns [5][6] - Prior to October, the platform operated normally, and investors received their returns as promised [6] Crisis and Response - On October 24, Mengda Group acknowledged the liquidity crisis in a letter to clients, attributing it to multiple factors, including a protective freeze on bank accounts due to a police investigation related to money laundering [7] - The company proposed a debt restructuring plan involving a "debt-to-equity swap" to address the financial issues, but many investors have not agreed to this proposal [7][8] Legal Actions - Investors have reported the company to the police, alleging illegal public deposit solicitation without regulatory approval [8]