In the early hours of December 22 Beijing time, the prosecutor office in Henneping County, Minneapolis, released the findings of the Liu Qiangdong incident and decided not to allow prosecute. News came that Jingdong shares rose more than 10 percent in the short term to refresh the day above $21.90.
Investigation results of Liu Qiangdong incident published by prosecutor Office of Henneping County, Minneapolis, USA
Chinese businessman Liu Qiangdong will not be convicted of sexual invasion after a thorough investigation by the Minneapolis Police Department's sexual crime team and a careful review of four deep sexual attacks by four prosecutor officers, US prosecutor Hennepin County prosecutor Mike Freeman announced Friday. It is determined that there are serious evidentiary problems, which makes it highly unlikely that any criminal accusation will prove to be unquestionable.
Liu immediately said that he had been honest with his wife and that he regretted and blamed himself for the harm he had done to his family and his wife. Ms. lawer Jill Brisbois, an agent for Liu Qiangdong, also spoke on the case, saying that all previous online rumors about money being paid privately were rumors.
Jingdong shares fell from more than $30 to less than $20 before the events of Sept. 2, 2018 and the lack of prosecute news, with Jingdong shares hitting as low as $19.65 on a short-term basis, close to a 52-week low of $19.21 hit at the end of November. It's down about 36 percent, down about 55 percent so far this year, and Jingdong's market capitalisation has fallen by $14.7 billion, with Liu Qiangdong's fortune down by more than $2.5 billion, or 17 billion yuan.
On Friday, Dow Jones fell 1. 81% and the na index fell 2. 99%. In the absence of prosecute Liu Qiangdong news announced, Jingdong counter-trend rose, short-term once up more than 10%. In the end, Jingdong rose 5.88 percent to $21 before continuing to gain more than 1 percent in after-hours trading. Before closing, Jingdong shares narrowed their gains to 3 percent, less than $21.
After the announcement of US prosecutors' news, Jingdong also issued a statement at the first time, saying: welcome the US decision not to bring any charges against Mr. Liu Qiangdong, Jingdong Group CEO, and Jingdong Group will continue to work to provide the best service to customers and partners around the world. Create long-term value for investors.