Ding Shumiao Hotel was reported to have won 1.6 billion auction bids by mysterious private enterprises

category:Global
 Ding Shumiao Hotel was reported to have won 1.6 billion auction bids by mysterious private enterprises


New Beijing News reporter learned from the judicial auction platform that the Beijing Second Intermediate Peoples Court through the Beijing East Network judicial auction platform for more than 1.6 billion yuan to auction the entire stake of Beijing Berhauetin Hotel Co., Ltd. (hereinafter referred to as Berhauetin Hotel), the buyer is Beijing Norman Financial Consultant Co., Ltd.

According to the confirmation letter, the price of the auction was 1617.5810.96 million yuan.

On March 4, a reporter from the Beijing News called the Berhauetin Hotel. The office staff who answered the call said that they had not yet received notice from the court, nor had they established a leading group, and that they were still in a state of self-management.

On March 4, a reporter from Beijing News called Norman Financial Consultant. The operator said that the staff of the company were in a meeting, leaving the contact information for the journalists.

The first auction was suspended

Ding Shumiao is a key businesswoman beside Liu Zhijun, former Minister of railways, known as the first sister of high-speed railway. The court responsible for the auction of Ding Shumiaos assets is the Second Intermediate Court of Beijing, which is responsible for the case of Ding Shumiao.

As early as December 14, 2018, the Beijing Newspaper exclusively reported that Ding Shumiaos five-star Berhauetin Hotel, located in Beijing CBD, will be auctioned by the Beijing Second Intermediate Court with an estimated price of 1.6 billion yuan and an initial bid price of 1.127 billion yuan. However, on December 25, the court issued a notice on the change of 100% equity of Beijing Berhauetin Hotel Co., Ltd. Because of legal reasons, it decided to suspend the auction.

According to reports, Beijing Berhau Ruiting Hotel opened in July 2008 and was rated as a five-star hotel in 2009. It is a business hotel which integrates guest rooms, catering, meeting and recreational functions. The hotel has a business floor area of 43000 square meters. Located in the core business circle of CBD, with convenient transportation and complete service functions, it was awarded Excellent Conference Hotel of 2015 and the Golden Horse Award of the 15th China Hotel.

However, at 9:16 a.m. on December 25, 2018, the court issued a notice on the change of 100% equity of Beijing Berhauetin Hotel Co., Ltd. Because of legal reasons, it decided to suspend the auction.

According to a circular issued by the Second Intermediate Court of Beijing on February 15, the first auction was suspended. The Gain Court received a number of real-name telephone reports, reflecting the serious impacts on auction fairness and impartiality such as bid collusion, bid enclosure and bid destruction during the auction process. After research and decision, the Second Intermediate Court suspended the auction according to law, and conducted relevant investigations and processing on the situation involved in the report.

In January of this year, the Beijing News reported that the Beijing Second Intermediate Peoples Court will hold a public auction from 10:00 on February 2, 2019 to 10:00 on February 3, 2019 (except for the delay). The auction target is 100% equity of Beijing Berhau Ruiting Hotel Co., Ltd. with an appraisal price of 1610,646,622,000 yuan, an initial bid price of 1449,581,960,000 yuan, a margin of 140 million yuan and an increase of 6 million yuan.

New Beijing News reporters noted that the starting price of the asset has increased by about 300 million yuan since the start of shooting.

Norman Finance of Mysterious Private Enterprises

According to the Beijing Second Intermediate Court, the Beijing Second Intermediate Court said that in January 2019, the auction of the shares was restarted according to law, and the starting bid price and margin were adjusted accordingly. As soon as the announcement of the re-auction was issued, there was an endless stream of advisory telephone calls, and many intentional bidders came to the court to communicate and understand the relevant information. Eventually, two intentional bidders signed up for the bid and started a fair and open bidding in February 2019.

Finally, after 29 bids, a bidder, Beijing Financial Consulting Company Limited, successfully competed for equity at the highest price of more than 1.6 billion yuan.

Before Normans $1.6 billion takeover, Pauli, a state-owned enterprise, also took over many properties related to Ding Shumiao.

Beijing News reporters also learned that Beijing New Poly Building Real Estate Development Co., Ltd. and Poly Technology Co., Ltd. recently photographed four properties originally owned by Ding Shumiao, costing nearly 300 million yuan.

It is reported that the four completed properties are located in the New Poly Building, No. 1 North Street, Chaoyang Men, Dongcheng District, Beijing. They are: the 2-storey suspension building of the New Poly Building, with a sum of 71.238 million yuan; the 3-storey suspension building of the New Poly Building, with a sum of 72.6001.5 million yuan; the 5-storey suspension building of the New Poly Building, with a sum of 72.8562.8 million yuan; and the 6-storey suspension building of the New Poly Building, with a sum of 81.722 million yuan.

Norman Finance belongs to private enterprise, which is different from Paulis central enterprise background.

According to industry and Commerce information, Beijing Norman Financial Consulting Co., Ltd. was established in 2000 with registered capital of 10 million yuan. Its business scope includes financial consulting, investment management, investment consulting, etc.

According to information, Beijing Norman Financial Consulting Co., Ltd. was established in July 2000. Over the past decade, Norman Finance has maintained a good momentum of development, and now has become a financial asset management, non-performing assets disposal business (including the acquisition, management and disposal of equity, creditors rights and physical non-performing assets) and project investment business (including short-term, medium-term and long-term investment such as equity investment, industrial investment) as the main business. Enough to comprehensively carry out asset management, trusteeship and investment, and provide enterprises with modern investment and financial services such as merger, reorganization, IPO planning services, investment consulting and management consulting services.

Industry and commerce data show that Normans financial shareholders include two, Qin Yingkai and Guoxianzhi.

Chinalcos annual report shows that one of its major shareholders was Qin Yingkai. Beijing News reporters were unable to confirm for the time being that the person and Norman financial shareholder Qin Yingkai were the same person.

According to the official website of Liaoning Chamber of Commerce and Enterprises in Beijing, Qin Yingkai, a vice-president of Liaoning Chamber of Commerce and Enterprises, is the chairman of Zhongshan Investment Group.

According to the official website of China International Asset Management Co., Ltd., its chairman is Qin Yingkai.

Qin Yingkai said in his speech on the official website that since its establishment, the company has been devoting itself to financial investment under the background of vigorous development in accordance with the business philosophy of merging and serving the world, synchronizing with the climax of economic development, and has established a business structure centered on project investment, asset management and disposal of non-performing assets, merger and acquisition of enterprises, listing and other services.

Source of this article: Xun Jianguo_NN7379, responsible editor of New Beijing Daily