It's clear to the discerning that there's something fishy here; both Jiayue Department Store and Huayuan Medical Management Co., Ltd. are essentially owned by the same boss.
Tang Jingwei is playing a game of transferring assets from one hand to the other. He controls two publicly traded companies and seems intent on gathering quality assets into the better-positioned Jiayue Department Store, while leaving the bad assets with Huayuan. If his grand scheme succeeds, as soon as the timing is right, he will abandon the mess that is Huayuan Group without hesitation.
However, just after they announced it, they received two inquiry letters from the regulatory authorities. The letters pointed out that there were issues of shareholding on behalf of others and serious related-party transactions concerning the acquisition target. There are many unresolved questions in this transaction, with doubts about interest transfers lingering, and it even involves false statements.
