By fabricating a trade background of hundreds of billions, Guangdong Zhenrong, a subsidiary of a central enterprise, has become a trapeze without a pole.When this company that once aspired to be a Fortune 500 company fell, it left tens of billions of bad debts, and the whereabouts of the funds remained a mystery.The new issue of Caixin Weekly published on October 29, with the cover story Guangdong Zhenrong Black Hole, reported that Guangdong Zhenrong Energy Co., Ltd. was found by the National Audit Office to have huge debts and cash out of fictitious trade backgrounds during a routine audit..As of March 2018, the debts of Guangdong Zhenrong and its subsidiaries in China only involved more than 50 branches of 30 financial institutions, and the unrepaid loans and interest owed exceeded 16 billion yuan, and there were other external guaranteesThe contingent debt is about 13 billion yuan, and the two together have a hole of about 30 billion yuan.The bad debts under the water are not inferior to this, and the overseas subsidiaries of Guangdong Zhenrong also have huge debts.
What is particularly concerning is that the detailed whereabouts of these funds is full of fog.According to the introduction of relevant persons from Zhuhai Zhenrong Co., Ltd., the parent company of Guangdong Zhenrong, an important source of Guangdong Zhenrong's funds on the books is Xie Yun, a businessman from Zhejiang.After hiding in a shell company with a huge amount, this mysterious figure owed tens of billions of yuan in Guangdong Zhenrong's account.
Some creditors believe that some of Xie Yun’s shell companies will not undertake the function of cooperating with Guangdong Zhenrong to expand the trade volume, while the other part of the company will undertake the short-term letter of credit loan (generally 3-6 months to return the bank funds) that Guangdong Zhenrong will borrow for a long time.Investment, for other project investment.
In order to find out where Xie Yun invested his money, Guangdong Zhenrong set up an investigation team.In Guangdong Zhenrong's sporadic map, one of Xie Yun's funds went to Shanghai Lida Films Co., Ltd. (hereinafter referred to as Lida Films) to cast 52 episodes of the popular anti-corruption drama "People's Name".
Relevant sources in Guangdong Zhenrong said that Lida Films is another company around Xie Yun. Li Gong, the current general manager of Lida Films, said that Lida Films’ 52-episode anti-corruption hit drama People’s Name, money isXie Yun came out.We also want to get this dividend back, but Xie refuses to admit it and has no way of recourse.
Introduced by related parties in the name of the people, Li Gong was introduced by Li Xuezheng, director and publisher of the name of the people.Li Xuezheng's public identity is that he was employed as the director of the Golden Shield Film and Television Center of the Logistics Support Department of the Central Military Commission, and he is also a 10% shareholder of Lida Films.Lida Pictures was established in January 2016, with Jiang Wei as the legal representative.
Lida Films was temporarily established in the name of investing in the people. It turned out that Li Gong signed an investment contract with us on behalf of a company in Shanghai. As a result, the chairman terminated the contract without paying any money. But Li Gong was persuaded by me to see this project., came out and cooperated with Jiang Wei to establish Lida. Jiang Wei knew Lao Xie (Xie Yun). In my impression, Lao Xie was helpful to their investment.Li Xuezheng initially told the Caixin reporter.However, after he communicated with Xie Yun, Li Gong, and Jiang Wei, he revised his previous statement and fully confirmed that the people's nominal investment funds had nothing to do with Lao Xie.
Li Xuezheng recalled that Xie Yun once appeared at the opening ceremony in the name of the people, and gave him the impression that he was a rich man. I have always known his name as "Xie ls" Hongrsquo; before. I have never got his business card, but I have seen hisHong Kong ID card, the word is more complicated, which lsquo;hongrsquo; I am not sure.
Li Xuezheng explained that the film crew was incapable of reviewing the source of funds, and his own understanding of Lida Films was relatively shallow. I helped Lida Films invest in the name of the people, which made them famous and rich. They thanked me very much and asked me to be a consultant, I don't know when they made me a shareholder, and I haven't received a penny of dividends yet.
Although Guangdong Zhenrong still regards the recovery of assets from Xie Yun as a piece of driftwood, Xie Yun, who still showed up two years ago, seems to have left this predicament.A person who knows Xie said, I have eight calls from him, but none of them can get through.
Xie Yun is currently in Hong Kong, but creditors have been unable to locate him, sources said.Lida Films is currently the only way Caixin reporters can get to Xie Yun. Relevant sources said that they will try their best to persuade Xie Yun to accept the interview, but Xie Yun has not shown up so far.■
