China News Network, May 5 (Zhongxin Finance Gong Hongyu) According to many media reports such as First Finance and Economics, Red Star News, on May 25, Hunan Yongxiong Asset Management Group announced on official micro that it would be closed from now on. As a recognized "collection giant" in the industry, Wing Hsiung Group has also caused heated discussions because of its planned listing on the New York Stock Exchange and labels such as "violent collection".
Hunan Yongxiong's "Letter to All Employees" circulated on the Internet.
Police cross-provincial law enforcement company hundreds of people were taken away?
In the "Notice to All Employees" circulated on the Internet, Hunan Yongxiong said that on April 2023, April 4 and May 3, 4, Anhui police cross-province law enforcement, successively intervened in the investigation of the Jishou branch of the group Weicheng Company, the Huaihua branch of the group, the Xiangtan branch and the Shaoyang branch, and forcibly took a total of 10 employees to Anhui, and took criminal compulsory measures such as residential surveillance, bail pending trial, criminal detention, and arrest. At present, a total of 5 employees have been arrested on suspicion of picking quarrels and provoking trouble.
Subsequently, the Anhui Provincial Public Security Department responded to the media and said, "The case is under investigation." ”
In fact, as early as a few days ago, a video of "police 'raid' on Yongxiong Shaoyang branch" spread on the Douyin platform. According to media reports, some netizens posted that the police took away a number of employees of the Shaoyang branch of Yongxiong Group. Yongxiong Xiangtan branch and Yongxiong Anhui branch were also reported to have police involvement.
Yongxiong Group emphasized in the "Notice to All Employees" that Yongxiong Group absolutely does not have any illegal or criminal acts of the company. Regarding the reasons for the closure, Yongxiong Group said that in recent years, the company has lost a large number of employees, from 1,7 to 2000,<>, and the freezing of group accounts and working capital, coupled with the extreme pressure exerted by the Anhui police on customer units, has made it difficult to sustain operations.
However, at present, the above content can not be queried on its official micro-account.
On the afternoon of the 25th, Zhongxin Finance inquired about the official website of Yongxiong Group, the website could not be opened, and at the same time, Yongxiong's 24-hour customer service hotline could not be connected.
Six months ago, the founder threatened to "earn 10 billion a year"
As a leading enterprise in the collection industry, Yongxiong Group also had a brilliant time before the closure.
According to the official website of Yongxiong Group, the company is an excellent personal credit non-performing asset management group company in China, founded in April 2014, the group is headquartered in Changsha, Hunan Province, with branches in more than 4 cities across the country.
In the heyday of development, Yongxiong repeatedly reported the news of listing. According to media reports, in 2015, Yongxiong had planned to land on the New Third Board. In October 2019, Yongxiong filed an IPO prospectus with the SEC to list on the New York Stock Exchange, but withdrew the IPO application only a month later.
The pace of "expansion" of the group is also very rapid. According to the public account of Yongxiong Group, in 2022, the five branches of the group in Changsha County, Yuhua District of Wangcheng District, Ningxiang City and Lengshuijiang City have achieved a gorgeous transformation from scratch. Hunan Weichangsha High-tech Branch officially settled in Building 7 of Xincheng Science and Technology Park.
At the 1 annual summary and commendation meeting of Yongxiong Group held in January this year, Tan Man, founder and president of Yongxiong Group, mentioned that in 2022, Yongxiong should strive to achieve annual task goals such as a stable personnel scale of more than 2023,1 people, an annual revenue of more than 10 billion yuan, an annual tax payment of more than 1 million yuan, and more than 10 new customer units. However, in the past six months alone, Wing Hung has been mired in business closures.
Yongxiong Group 2022 Annual Summary and Commendation Conference. Source: Hunan Yongxiong Asset Management Group public account
Hundreds of complaints alleging "violent collection" Employees say "stressed."
"Let the world have no irretrievable integrity", this sentence is the corporate mission of Yongxiong Group, but on multiple platforms, Yongxiong is most labeled as "violent collection".
On the Black Cat complaint platform alone, there were as many as 153 complaints about Yongxiong. Some complainants said that Yongxiong Group collected collections through "SMS threats", "phone bombing", "exploding address books", "harassing relatives and colleagues", and even sent fake court summons impersonating judicial organs and executive bureaus.
A number of employees who said they had worked in Yongxiong said on social media that the work of collecting arrears was relatively stressful, and even had to pay for the purchase of information on debtors, and complaints from debtors could be "fined". Many employees are overwhelmed by the pressure to resign.
Zhongxin Finance noted that up to now, Tianyan inspection data shows that most of the more than 50 member companies of Hunan Yongxiong Asset Management Group Co., Ltd. have been cancelled.
According to Shanghai Securities News, in May, the "Guidelines for Risk Control of Post-loan Collection of Internet Finance Personal Online Consumer Credit" began to solicit the opinions of practitioners, which aims to further standardize the post-loan collection of personal online consumer credit, protect the legitimate rights and interests of creditors, debtors and related parties, and promote the healthy and orderly development of Internet finance business. In this context, some insiders believe that the fall of Yongxiong may be just the beginning. (End)