From small to large, from weak to strong, from starting from scratch to becoming todays assets of 13 billion yuan, real estate development, financial funds, high-tech research and development, organic ecological agriculture and energy and natural gas as the main business areas of comprehensive diversification of large private enterprise groups, Chinas top 500 private enterprises and Chinas top 100 private enterprise service industry list. ... These are the glories of Beijing private entrepreneur Prince Hua and his enterprises. But now Prince China and the Beijing-Austria Port Group are in a serious debt repayment crisis, how brilliant it was, how compelled it is now.
According to the Ali auction platform, 330 million shares of Beijing Agricultural and Commercial Bank held by enterprises under Prince China have entered the judicial auction process and will be auctioned on April 1 because of the failure to repay 40 million yuan of private loans.
According to court information, Prince China, ranked on Hurun Chinas 100 Rich List in 2018, has been listed as an executed person of dishonesty since the beginning of last year, involving six cases, with a total debt of 1.723 billion yuan. Prince Chinas consumption is now restricted, and all vehicles, real estate, bank deposits and foreign investment under its name have been blocked and frozen by the relevant courts on a waiting basis.
330 million shares of Beijing Agricultural and Commercial Bank will be auctioned
Beijing Youth Daily reporter inquired on the Ali auction platform that there were 13 shares of equity auction information of Beijing Agricultural and Commercial Bank, the smallest of which was 5 million shares, the largest of which was 77.9662 million shares. The corresponding initial auction price ranged from 17.68 million yuan to 276 million yuan, equivalent to 3536 million yuan per share, totaling 330 million shares being auctioned, the initial auction price totaled 1.17 billion yuan, and the unified opening time was April 1. The auctioneers are the eighth largest shareholder of Beijing Agricultural and Commercial Bank, Beijing Aoyad Economic and Trade Co., Ltd. in the 21st century.
According to public data, the Oyad Economic and Trade Corporation was established on July 28, 2000 with a registered capital of 29.7 million yuan, and its legal representative is Prince China. Oyad Economic and Trade is mainly engaged in conference and Exhibition services, medical equipment technology development and services, economic information consulting services and other business, is the board of supervisors of Beijing Agricultural and Commercial Bank nominated. By the end of 2017, Ayad had 331 million shares in Beijing Agricultural and Commercial Bank, accounting for 2.73% of the total equity, ranking the eighth largest shareholder, and had pledged all shares at that time. Among them, Wang Haoqi, the financial director of Beijing Jingaogang Group, served as a member of the Board of Supervisors of Beijing Agricultural and Commercial Bank.
By the end of 2017, the net assets per share of Beijing Agricultural and Commercial Bank were 371 yuan. The evaluation report shows that at the end of 2017, the market value of the 331 million shares of Beijing Agricultural and Commercial Bank held by Ayad Economic and Trade was 1.463 billion yuan, a 19.13% premium to net assets.
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Private Lending for Auction Equity Ownership of Less than 40 Million Yuan
According to the information released by Ali Judicial Auction Platform, the auction involving more than one billion yuan of equity was caused by a 40 million yuan civil lending dispute.
The execution ruling shows that the applicant is Zhang Chao, and the executed is Beijing Jingaogang Group, Ayad Economic and Trade and Prince Hua, the legal representative. Because the court ruled that the executed paid Zhang Chao 416.32 million yuan and assumed the application execution fee of 109,000 yuan, but the executed has not yet fulfilled the ruling, the court ruled that the 331 million shares of Beijing Agricultural and Commercial Bank held by Ayad Economic and Trade will be sold by judicial auction. Sell off.
A reporter from Beijing Youth Daily found out the courts verdict in this case. According to plaintiff Zhang Chao, the defendant Beijing Jingaogang Group, Ayad Economic and Trade, Jingaogang Real Estate Company and Jiahe Company signed a Maximum Guarantee Loan Contract with him on October 16, 2017 for the need of capital turnover. The four defendants agreed to borrow from the plaintiff together. The maximum loan balance was 40 million yuan, the interest rate was one thousandth of a day, that is, the interest rate after the year was 36.5%, and the borrowing period was 20%. From October 16, 17 to November 15, 2017, the purpose of funds is short-term capital turnover of enterprises.
After Zhang Chao borrowed 40 million yuan to Jingao Port Group, he only received 1.7 million yuan interest in January 2018, and the other party did not repay the loan normally as agreed. Therefore, Zhang Chao appealed to the court to order the Beijing-Hong Kong-Macao, Austria-Germany Economic and Trade Group and Austria-Germany Economic and Trade Group to immediately return the borrowing principal of 40 million yuan and all interest.
On May 28, 2018, the court ruled that the defendant, Beijing Jingaogang Group, Ayad Economic and Trade, Beijing Jingaogang Real Estate and Beijing Jiahe Far East Real Estate, would return the plaintiff Zhang Chaos borrowing principal of 40 million yuan within 10 days of the effective date of the judgment and the interest of 118 million yuan provisionally calculated to January 11, 2018, and pay the interest from January 12, 2018 to the date of payment of the amount (based on the outstanding borrowing principal). Number, according to the standard of 24% annual interest rate.
Due to the delay of the defendant in enforcing the courts judgment, the case was filed for execution on October 23 last year. The executive ruling of Hangzhou Shangcheng District Peoples Court ruled that Ayads 331.1 million shares of Beijing Rural Commercial Bank should be auctioned and sold.
Beijing Agricultural and Commercial Bank requires pre-auction bidder qualification
According to relevant laws and regulations, the main shareholders of Beijing Rural Commercial Bank should inform the board of directors beforehand, and the shareholders who hold more than 1% of the shares should report to the regulatory authorities. In order to avoid the situation that the transferee is not qualified and can not complete the transfer of shares, the board of directors of Beijing Agricultural and Commercial Bank said in its reply to the court in February this year that Oyad Economic and Trade is the main shareholder of the bank and has a large number of shares. In order to ensure that the transferee qualifications of shareholders meet the regulatory requirements, the court is required to inform the bidders of the shareholdersqualifications requirements, and to be pre-examined by Beijing Agricultural and Commercial Bank in advance, so as to avoid the shares. East qualifications are not qualified, resulting in the inability to complete the transfer.
According to this reply, all shares of Beijing Agricultural and Commercial Bank held by Ayad Company have been pledged. Among them, 248 million shares were pledged to Beijing Branch of Xiamen International Bank, 5 million shares to Beijing Branch of Minsheng Bank and 77.96 million shares to Beijing Andingmen Branch of Jiangsu Bank, totaling 331 million shares.
Prince China was still on the Hurun 100 Rich List last year
Prince Hua is a star entrepreneur in Beijings industrial and commercial enterprises. He was honorary president of Fujian General Chamber of Commerce, Putian Enterprise Chamber of Commerce, and Vice-President of Beijing Glorious Society. He has won the honorary titles of National Care for Employees and Excellent Private Entrepreneurs, Beijing Labor Model, Chaoyang District Creating National Civilized City Outstanding Contribution Award.
According to public data, in 2017, the wealth of Prince China reached 6.7 billion yuan. In Huruns list, Prince China ranked 548. In 2018, Prince Chinas wealth exceeded 8 billion yuan, ranking 455 with 8.5 billion yuan.
Beijing Jingaogang Group was established in 1996 with a registered capital of 310 million yuan. Its main business covers real estate, finance, energy and organic ecology and other fields. It operates in Beijing, Tianjin, Shanghai, Hebei, Shandong, Jiangsu, Anhui, Inner Mongolia and Fujian provinces and cities. In 2010, Chinas top 500 private enterprises ranked 375, and Beijing ranked fourth. The group has participated in national construction projects for many times. It has been supplying steel for the Birds Nest, Water Cube, T3 Terminal of Capital Airport and other national and capital key projects as well as urban landmark buildings. In 2010, the sales revenue of Jingao Port Group was 6.1 billion yuan, the tax payment was more than 100 million yuan, and the total assets exceeded 5 billion yuan.
Prince Hua has been on the list of Lao Lai? The total amount of debt owed is over 1.7 billion yuan.
In fact, the debt owed by Prince China and its enterprises is far beyond Zhang Chaos 40 million yuan. The shares of Beijing Rural Commercial Bank will also be auctioned to repay the debt owed by Prince China and its enterprises to other banks and individuals. At present, all kinds of property under the name of Prince Hua and Jingao Port have been sealed up and frozen by the court.
Beijing Youth Daily reporter from China Executive Information Open Network inquiries, as early as February last year, Prince Hua was on the national courts list of discredited executives, involving six lawsuits so far. Among the six cases, the smallest one is Zhang Chao, which is 42389 432 yuan in this period; the largest one is filed on February 20 this year, which was executed by the Third Intermediate Peoples Court of Beijing. The total amount of the six cases is 827 million yuan, and the total amount of the six cases is 1.723 billion yuan.
From the current public information, all property under the personal name of Prince China, including real estate, vehicles, deposits and so on, has been sealed up and frozen by the court.
For example, an execution ruling issued by the Beijing Third Intermediate Peoples Court on December 24 last year showed that the Beijing Andingmen Branch of the Bank of Jiangsu applied to the Court for compulsory execution of Prince China and its enterprises on the basis of five notarial certificates, with a target value of RMB 237 million. In the process of implementation, the Beijing Third Intermediate Court waited for the freezing of 7.796.62 million shares of Beijing Rural Commercial Bank Co., Ltd. owned by Ayad, and for the seizure of four properties and motor vehicles under the name of Prince Huaming and the real estate under the name of Beijing Jingaogang Group Co., Ltd. The court also deducted the deposit of 30643.25 yuan in the fund account under the name of Prince Huaming and returned it to the Bank of Jiangsu.
Source: Beijing Headline Responsible Editor: Wang Zheng_N7526