No more money? The Peoples Livelihood Trust ended the procedure of executing Jia Yuetings 575 million creditors rights.

category:Finance
 No more money? The Peoples Livelihood Trust ended the procedure of executing Jia Yuetings 575 million creditors rights.


In the process of implementation, the court inquired about the account opening, house ownership, vehicle registration and industrial and commercial registration of the subject in financial institutions. After investigation, there are no bank deposits, disposable real estate, motor vehicles and foreign investment under the names of the executed persons.

Beijing No. 3 Intermediate Peoples Court said that the listing of shares in CTV has been suspended, and the executed person has no property to execute for the time being. The applicant approved the courts property investigation results. The applicant agrees to terminate this execution procedure in accordance with the law.

In addition, the applicant enjoys the right to request the executed person to continue to perform his debts and apply to the peoples court for resumption of execution according to law. The executed person has the obligation to continue to perform his debts to the applicant.

At the beginning of 2019, the Peoples Livelihood Trust has recovered 1 billion debts from Lexin and Jia Yueting. The source of funds is the auction of the equity of Lerong New, which is held by the third intermediate peoples court of Beijing, with an amount of 312.45 million yuan by the executee Lexin Holdings. The auction amount is 131 million yuan, and the executees voluntary performance is 901 million yuan. The total amount of the two funds is more than 103 million yuan.