Following the freezing of 600 million yuan of funds and the confiscation of 21 million yuan, 96 properties under the name of the company were seized in the TST court. According to surging news reports, the Darwin company founded and operated by Zhang Tinglin Ruiyang and his wife was engaged in pyramid selling activities, resulting in 96 properties held by the company’s wholly-owned subsidiaries Shanghai Zhenhong Biotechnology Co., Ltd. and Shanghai Giant Yiwang Industrial Co., Ltd. The seizure is worth 1.7 billion yuan, and the seizure date is July 20, 2021. According to a report by the Red Star Capital Bureau, an authoritative source revealed that the seized real estate was a secret office building of the TST Court in Shanghai. “The entire building is owned by Darwin Company, which has divided 96 real estate books and was seized in July last year. The property rights of these properties have been seized, and cannot be traded or mortgaged, but Darwin Company can still be used normally. The next step should be to wait for the Shijiazhuang Yuhua District Municipal Supervision Bureau to make a penalty decision before handling it.” Suspected of pyramid schemes, the funds were frozen by Shijiazhuang Yuhua District Market Supervision and Administration Bureau. In July 2021, Shijiazhuang Yuhua The District Market Supervision and Administration Bureau publicly disclosed the well-known daily chemical brand “TST Court Secret” in the form of “Reply to Verification Letter”.
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