Core Viewpoint - The article discusses the withdrawal difficulties faced by investors in the "Liuke Yunbang" and "Xiaogu Fengshou" apps, both operated by the Mengda Group, highlighting a potential financial crisis within the company and investor concerns regarding the safety of their funds [1][2][3]. Group 1: Withdrawal Issues - Since November 2025, investors have reported difficulties in withdrawing funds from the "Liuke Yunbang" app, with many unable to access their money despite multiple attempts [2][4]. - The withdrawal issues began after the National Day holiday in 2025, initially affecting large withdrawals before escalating to all amounts being stuck in the platform [2][4]. - The Mengda Group has proposed a repayment plan that categorizes unpaid amounts into four tiers, with varying repayment timelines and conditions, including equity conversion for larger investments [3][8]. Group 2: Company Background - "Liuke Yunbang" was launched in 2021 and is operated by Dongguan Mengda Data Technology Co., Ltd., part of the Mengda Group, which has received investments from notable institutions [3][4]. - The Mengda Group also operates other platforms, including "Xiaogu Fengshou," which entered the liquor industry in 2023, promising fixed annual returns and claiming bank supervision of funds [3][4]. Group 3: Investor Reactions - Over 3,000 investors are reportedly involved, with total funds exceeding several billion yuan, leading to widespread panic and distrust in the company's assurances [4][6]. - Many investors have expressed their frustrations online, with some filing police reports against the Mengda Group for suspected contract fraud [4][6]. - The company's communication regarding the crisis has been met with skepticism, as investors doubt the feasibility of the proposed repayment plan and the company's ability to fulfill its commitments [4][19]. Group 4: Operational Challenges - The company cited external events and economic downturns as contributing factors to its liquidity issues, including a protective freeze on bank accounts due to investigations into money laundering [7][8]. - The Mengda Group has acknowledged losses due to overdue payments from client companies, many of which are small and medium-sized enterprises facing operational difficulties [7][8]. - Despite the crisis, the company claims that other business segments remain operational, although investor confidence has significantly waned [7][8].

经济观察报 记者 蔡越坤 "转出申请成功，请等待银行处理。"2025年10月24日上午11点，来自西安的卢先生通过"六客云帮"APP 提交了一笔五万多元的货款提现申请，页面立即弹出一句提示。 按照卢先生的过往经验，这笔提现申请经平台后台人工审核后即可到账。然而，时间一天天过去，直到 2025年11月19日，这笔钱依然未见踪影。对卢先生来说，他辛苦赚来的工资被锁在了屏幕另一端。 卢先生的遭遇并非个例。不少投资者反映，国庆节后，"六客云帮"的提现通道就开始出现异常。起初只 是限制大额提现，小额仍可勉强到账；但自2025年10月20日起，情况进一步恶化，无论提现金额大小， 资金均被"卡"在平台中，无法转出。 公开资料显示，"六客云帮"上线于2021年，运营主体为东莞市盟大数据科技有限公司，隶属于盟大集 团。官网介绍称，盟大集团旗下拥有环球塑化、大易有塑、盟大企业购、小谷丰收等多个数字科技服务 平台，该公司曾获粤科金融、启赋资本、深创投等多家知名机构的多轮投资。2023年，盟大集团推 出"小谷丰收"平台，切入白酒产业链，提供原酒预订、封坛等投资模式，承诺每年固定收益，并称资金 由银行监管。 2025年11月以来，不仅 ...

公告指出，公司目前维持有充足的现金储备，经营性现金流持续向好。截至2025年10月31日，公司的现 金及现金等价物结余为人民币9.27亿元，为股份回购提供了坚实保障，不会影响正常生产、经营及长远 发展计划。 消息面上，11月19日晚，多点数智公告，董事会通过一项决议案，批准公司在股份回购授权范围内以自 有资金（不包括公司于香港联合交易所有限公司主板上市所筹集的任何所得款项）回购股份。回购期限 自董事会批准之日起至公司将于2026年举行之应届股东周年大会结束时止。公司拟将所购回的股份作为 库存股处理，未来可根据需要予以注销、出售或转让（包括根据股权激励计划进行转让）。 智通财经APP获悉，多点数智(02586)涨超4%，截至发稿，涨4.51%，报7.64港元，成交额1137.2万港 元。 ...

Group 1 - Jiangsu Hongxin's stock price increased by over 43%, reaching 4.80 HKD with a trading volume of 14.57 million HKD [1] - The company announced a placement of up to 21.42 million new shares, representing a 9.09% increase in post-expansion share capital, at a placement price of 2.90 HKD, which is a 13.95% discount to the closing price on November 11 [1] - The total fundraising amount is 62.13 million HKD, with a net amount of 58.65 million HKD intended for investment in Haike Hongxin [1] Group 2 - Haike Hongxin primarily engages in digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions development and application [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] - The board believes that the placement will broaden the company's shareholder and capital base, and the net proceeds will strengthen the group's financial position for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) experienced a significant stock price increase of over 16%, reaching HKD 3.93 with a trading volume of HKD 3.44 million [1] Company Summary - Jiangsu Hongxin announced a placement of up to 21.42 million new shares, representing a 9.09% increase in the enlarged share capital [1] - The placement price is set at HKD 2.90, which reflects a discount of 13.95% compared to the closing price on November 11 [1] - The total amount raised from the placement is HKD 62.13 million, with a net amount of HKD 58.65 million intended for investment in Haike Hongxin [1] Industry Summary - Haike Hongxin primarily engages in digital technology services, including the development and application of artificial intelligence, smart robotics, software, and blockchain solutions [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] - The board believes that the placement will broaden the company's shareholder base and capital sources, while the net proceeds will strengthen the group's financial position for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) shares rose over 16%, reaching a price of HKD 3.93, with a trading volume of HKD 3.4448 million [1] Group 1: Share Placement - Jiangsu Hongxin announced a placement of up to 21.4246 million new shares, representing a 9.09% increase in the enlarged share capital [1] - The placement price is set at HKD 2.9, which reflects a discount of 13.95% compared to the closing price on November 11 [1] - The total amount raised from the placement is HKD 62.13 million, with a net amount of HKD 58.65 million intended for investment in Haike Hongxin [1] Group 2: Business Focus - Haike Hongxin primarily engages in digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions development and application [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] Group 3: Financial Strategy - The board believes that the placement will broaden the company's shareholder and capital base [1] - The net proceeds from the placement will strengthen the group's financial position and prepare for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) has announced a placement agreement to issue up to 21.4247 million new H-shares, representing 10% of the company's existing share capital, with a placement price of HKD 2.90 per share, reflecting a discount of approximately 13.95% from the market price on the agreement date [1] Group 1 - The total proceeds from the placement, assuming full subscription, will amount to HKD 62.1316 million, with estimated net proceeds of approximately HKD 58.65 million, equating to a net placement price of about HKD 2.737 per share [1] - The net proceeds are expected to be fully utilized for investment in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services, including AI, smart robotics, software, and blockchain solutions [1] - The board believes that the placement will broaden the company's shareholder base and capital sources, while also strengthening the group's financial position for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) has announced a placement agreement to issue up to 21.4247 million new H-shares, representing 10% of the company's existing share capital, with a placement price of HKD 2.90 per share, reflecting a discount of approximately 13.95% from the market price on the agreement date [1][1][1] Group 1: Placement Details - The total proceeds from the placement, assuming full subscription, will amount to HKD 62.1316 million, with estimated net proceeds of approximately HKD 58.65 million, equating to a net placement price of about HKD 2.737 per share [1][1][1] - The placement proceeds are expected to be fully utilized for investment in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services including AI, smart robotics, software, and blockchain solutions [1][1][1] Group 2: Strategic Implications - The board believes that the placement will broaden the company's shareholder base and capital sources, while also strengthening the group's financial position in preparation for future development [1][1][1]

Group 1 - The company Jiangsu Hongxin (02625.HK) has entered into a placement agreement to issue up to 21,424,691 new H shares at a price of HKD 2.90 per share, representing a discount of approximately 13.95% compared to the closing price of HKD 3.37 on the date of the agreement [1] - The placement shares will account for 10% of the company's existing share capital and approximately 9.09% of the enlarged share capital post-placement, assuming no changes in the issued share capital until the completion of the placement [1] - The estimated net proceeds from the placement, after deducting commissions and other expenses, are expected to be around HKD 58.65 million, equating to a net placement price of approximately HKD 2.737 per share [1] Group 2 - The net proceeds from the placement are intended to be fully invested in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions [2] - Haike Hongxin's business also encompasses data processing, e-commerce, import and export, advertising, and related consulting and technical services [2]

Core Viewpoint - The collaboration between JD Technology and Xinjiang Hongyan Investment Group aims to enhance the digital transformation of agriculture in Wujiaqu City, Xinjiang, addressing the challenges of selling high-quality agricultural products and expanding their market reach [1][2]. Group 1: Digital Supply Chain Development - JD Technology has developed a comprehensive digital supply chain platform that integrates smart selection, inventory management, and order fulfillment, effectively addressing the core issue of selling difficulties faced by local farmers [2]. - Since its trial operation on September 2, the platform has served 10 local suppliers, facilitating the entry of various regional products into the national market [2]. - The platform leverages JD's national industry big data to analyze consumer trends, providing local enterprises with comprehensive advice on product standards and brand development [2]. Group 2: Agricultural Transformation and Upgrading - The operation of the digital supply chain platform is expanding the sales radius of Wujiaqu's specialty agricultural products, driving local agricultural transformation to meet national market quality standards [2]. - The model of "sales driving production" is prompting changes in agricultural practices, leading to standardization in planting, refinement in processing, and the establishment of regional public brands [2]. - The initiative aligns with the Ministry of Agriculture and Rural Affairs' emphasis on digital transformation as a key driver for modernizing traditional agriculture [2]. Group 3: Broader Impact on Rural Revitalization - Beyond Wujiaqu tomatoes, other regional specialties such as Yanbian mangoes and Nanyang mugwort are also experiencing accelerated upgrades through the JD digital supply platform, contributing to a "digital wealth path" for rural revitalization [3].