Wu Shichun, as the founding partner of Meihua Venture Capital, is known for his unique style in the investment circle. He is also known as the "investor who knows how to talk about talk shows" due to his popularity in the industry. However, this well-known figure has been in trouble recently.
Recently, the First Intermediate People's Court of Beijing ruled that assets worth over 200 million yuan controlled by Wu Shichun from Meihua Venture Capital have been sealed, seized, or frozen.
The ruling shows that the applicant, a certain investment fund (limited partnership), a certain venture capital limited company, a certain equity investment fund partnership enterprise (limited partnership), and a certain development fund partnership enterprise (limited partnership), have applied to the China International Economic and Trade Arbitration Commission for property preservation, requesting the sealing, seizure, or freezing of the respondent Wu's property worth 212618707.99 yuan. The guarantor, Sunshine Property Insurance Co., Ltd. Beijing Branch, provides a guarantee guarantee. The China International Economic and Trade Arbitration Commission will submit the preservation application and other materials to this court.
After examination, this court considers that the applications of the applicant for a certain investment fund (limited partnership), a certain venture capital limited company, a certain equity investment fund partnership enterprise (limited partnership), and a certain development fund partnership enterprise (limited partnership) comply with legal requirements. According to Article 28 of the Arbitration Law of the People's Republic of China, Article 103 (1) and (2), Article 105, Article 106 (1), and Article 111 of the Civil Procedure Law of the People's Republic of China, the ruling is as follows:
Seal, seize or freeze Wu's assets worth 212618707.99 yuan.
This ruling shall be immediately enforced.
If you are dissatisfied with this ruling, you may apply for reconsideration to this court once within five days from the date of receiving the ruling. During the reconsideration period, the enforcement of the ruling shall not be suspended
Okay. Okay.
The signing date of the ruling is April 29, 2025.
According to Tianyancha, in the following half month, Wu Shichun's equity in multiple companies was gradually frozen.
On May 9th, the equity held in Ningbo Meihua Angel Investment Management Co., Ltd. was frozen, with a frozen amount of RMB 20.25 million.
On May 20th, the frozen equity amount of Gongqingcheng Qingyun Digital Technology Investment Partnership Enterprise (Limited Partnership) held reached 30 million yuan.
On the same day, the equity worth 74.99 million yuan held in Zhuhai Meihua Xinli Equity Investment Partnership Enterprise (Limited Partnership) was also frozen.
However, the identity of the applicant for freezing Wu Shichun's equity is still unclear. According to existing information, the applicants include a certain company, a certain development fund partnership enterprise (limited partnership), a certain *, and a certain equity investment fund partnership enterprise (limited partnership).
Who is the applicant?
From the names of the applicants, it is highly likely that they are LPs of funds under Wu Shichun
Wu Shichun's affiliated enterprise, Hubei Meihua Shengshi Equity Investment Partnership, is a partner of a certain investment fund partnership enterprise (limited partnership), which not only has a similar name to one of the applicants, but also meets the LP status. Not sure if it is one of the applicants.
Wu Shichun responds: Normal pre-trial preservation
Mentioning 'Mr. Lin'
Wu Shichun responded to this today. He said that recently there have been rumors and smears about himself online, which is very normal. "No matter how big a thing you are willing to do, you may touch the cheese of bad people. They will inevitably use various ways to slander and smear you, making people who do not know the truth think that Wu Shichun is in bad luck and that there is something wrong with him
Wu Shichun said that this is actually just a normal pre litigation preservation, and they have spread such a big rumor. "I won't attack them, but if they engage in improper behavior or violate the law in that company, I will investigate to the end. Spreading rumors also requires costs. Welcome to continue spreading rumors, Mr. Lin, come on
Huh? Mr. Lin, is he one of the applicants? Who is he?
