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China Private Equity Fund Huisheng Private Equity Securities Suspected of Fraud, China Fund of Funds Investment Manager China Soft New Momentum Issues Statement of Difficulty in Redeeming Investments Allocated to Huisheng Private Equity Securities
18th November 2023 | Hong Kong
China private equity fund Huisheng Private Equity Securities Fund Management is suspected of fraud, with one of China’s largest fund of funds investment manager China Soft New Momentum issuing a statement highlighting difficulty in redeeming investments allocated to Huisheng Private Equity Securities. Yunnan International Trust has been reported to have around $138 million (CNY 1 billion) allocated to Huisheng Private Equity Securities.
“ China Private Equity Fund Huisheng Private Equity Securities Suspected of Fraud, China Fund of Funds Investment Manager China Soft New Momentum Issues Statement of Difficulty in Redeeming Investments Allocated to Huisheng Private Equity Securities “
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