JYS GROUP CRASHES AFTER $180M INVESTMENT CHAIRMAN FLED TO THE UK
JYS Group, a Chinese investment firm based in Guangdong province, collapsed in mid-April after raising an estimated ¥1.34 billion (approximately $180 million) for “high-return” schemes, including crypto.
According to a May 2 report by The Economic Observer, the company’s chairman, Lin Chunhao, announced his departure from China via a WeChat group, stating that he had arrived in the UK following failed investments.