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See How CHYMALL Responded To SEC And GPIC's Public Interest Notice

Chinese company CHY CENTURY HENG YENG GROUP LIMITED/ SAIRUI E-COMMERCE GHANA LIMITED has recently become a bane to the public after they were issued with a public interest warning by the Security and Exchange Commission (SEC) on the 8th of January, 2021.

Whilst everyone was expecting the company to issue a notice to address this issue immediately after the public interest warning, the company has been silent. To the extent that an official communique numbered 21.8 which was issued on January 9, 2021 rather addressed issues relating to their system upgrade which was to be done on 11th January, 2021.

This action of the company took Investors transacting business with the company by shock, as many were afraid the company's website might not come back after the upgrade.

But luckily, the system upgrade was successful and the website was working normal as expected by the many Investors. Upon the upgrade, the company ceased the opportunity to address the concerns of their Investors in relation to the public interest warning from SEC.

According to the communique, the company clarified that they are an e-commerce Trading platform providing online stores to it's members, and so they don't understand why people are making misinformed decisions about the operations of the company.

"We never treat ourselves as an investment company or a financial Banking institution", they re-emphasized.

A day after this communique was issued, the Ghana Investment Promotion Center, under whose CHYMALL /SARUI-ECOMMERCE was operating also issued another public interest warning against the company.

Today, January 6, 2021, the company has issued another communique to clear the air on the allegations issued by GIPC. Whilst addressing the issue of system upgrade, they used the opportunity to indicate that they are not into Investment but rather e-commerce.

"Firstly, we are not an investment company or a financial banking institution nor have we ever been one. This is an e-commerce platform providing online stores for you, our partners. Some people misunderstand and misinform customers and members aboutb beingin an investment so we strongly discourage members and customers from doing that.", the statement noted.

Read full statement here:

Content created and supplied by: daniel54 (via Opera News )


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