Carmen Century Denies Link to Shenzhen Fraud Case as Share Suspension Continues

An update from China Investment Fund Company Limited ( (HK:0612) ) is now available.

Carmen Century Investment Limited has issued a clarification after mainland Chinese media reports linked legal proceedings in Shenzhen to companies with similar Chinese names. The company stressed that neither it nor any of its subsidiaries, under its current or former name, is involved in the prosecutions for fundraising fraud and money laundering brought against some 30 individuals, including former non-executive directors Sui Guangyi and Ma Xiaoqiu, and that the companies named in the Shenzhen Procuratorate’s notice are not part of the group. Carmen Century also reiterated that Sui and Ma resigned from all positions on the board in 2020 and 2023 respectively, and said that, following internal inquiries, it is not aware of any undisclosed inside information. Trading in the company’s shares, however, remains suspended on the Hong Kong Stock Exchange since June 2025 pending fulfilment of resumption guidance, leaving shareholders and potential investors cautioned as regulatory and listing conditions are still being addressed.

The most recent analyst rating on (HK:0612) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on China Investment Fund Company Limited stock, see the HK:0612 Stock Forecast page.

More about China Investment Fund Company Limited

Carmen Century Investment Limited, formerly known as Ding Yi Feng Holdings Group International Limited, is a Hong Kong-listed investment holding company incorporated in the Cayman Islands. The group operates through various subsidiaries, including entities in mainland China, and is focused on investment-related activities, although the announcement does not specify particular sectors or product lines.

Technical Sentiment Signal: Sell

Current Market Cap: HK$523.1M

See more data about 0612 stock on TipRanks’ Stock Analysis page.