Chairman Wang Zhenhua

Mainland media quoted news that the mainland real estate company “Xincheng Holdings” listed on the Hong Kong Stock Exchange, its chairman Wang Zhenhua suspected of being a 9-year-old girl, was forced to take measures in Shanghai on Monday (1st).

The share price of “New Town Development Holdings” also plummeted in the afternoon. The latest report was HK$8.03, which fell by 23.96%. The “New City Joy” under the New City Holdings was also not spared and has now plummeted by more than 23%.

According to the “Xinmin Evening News” report, the incident was made on Saturday (June 29). The crime scene was a five-star hotel on Daduhe Road in Putuo District, Shanghai. The victim girl later called her mother in Jiangsu to cry, and the mother immediately came to Shanghai to report to the police. Wang Zhenhua was taken by the police to take compulsory measures. The victim girl has now identified the injury and the vagina has confirmed a laceration.

In addition, the report mentioned that Zhou, a 49-year-old woman with a girl staying at the hotel, has also arrived. According to the confession, Zhou brought two girls, aged 9 and 12, to the hotel on the same day. The girls and mothers were all friends of Zhou, claiming to be brought to Shanghai Disneyland. After Wang Zhenhua’s 9-year-old girl, she paid Zhou’s cash of 10,000 yuan for remuneration.

According to online information, Shanghai-based Xincheng Holding has total assets of more than 300 billion yuan. Chairman and founder Wang Zhenhua is a native of Jiangsu. He has many public positions and is a member of the Shanghai CPPCC and a representative of the Jiangsu Provincial People’s Congress.

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