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, which has led to a significant drop in the company's stock price and raised concerns about its ongoing operations and strategic direction [2][5][3]. Group 1: Company Management and Operations - On August 18, Wantong Development announced that Wang Yihui received a detention notice from the Beijing Public Security Bureau and is cooperating with the investigation, which is reportedly unrelated to the company's daily operations [5]. - Following the detention, the board of directors appointed CEO Qian Jinzhu to temporarily assume the responsibilities of chairman and legal representative until Wang Yihui resumes his duties or a new appointment is made [7]. - The company stated that its board operations and daily management remain normal, and it has not received any investigation notices from authorities, indicating that the ongoing investigation should not significantly impact its daily operations [7]. Group 2: Strategic Developments - Wantong Development plans to invest a total of 854 million yuan to acquire a 62.98% stake in Beijing Shuduo Information Technology Co., Ltd. (Shuduo Technology), which will become a subsidiary and included in the consolidated financial statements [9]. - This acquisition aims to transition the company towards the integrated circuit and AI infrastructure sectors, moving its strategic focus from real estate to digital technology, thereby creating a second growth curve [9]. - However, 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, raising questions about the viability of this strategic shift [9][10]. Group 3: Regulatory Scrutiny - The Shanghai Stock Exchange has issued an inquiry letter to Wantong Development regarding the rationale behind the acquisition, payment arrangements, and potential insider trading concerns [11]. - Wantong Development is primarily engaged in property asset management, real estate development and sales, and digital technology, with nearly 70,000 shareholders as of the first quarter of 2025 [11][12].