Wang Yonghong was exposed to justice: Many stakeholders were dragged into the mud

Edit | Li Shen

Wang Yonghong failed to stay overseas like Jia Yueting for a long time. He had to take away 6.15 billion yuan from listed companies and the total liability for debt of nearly 70 billion yuan in the entire Zhonghong Department.

A number of independent Xinyuan told the interface news that Wang Yonghong, the actual controller of Zhonghong (000979.SZ), 47, has recently returned to justice. Previously, he stayed in Hong Kong and overseas regions for a long time.

From the real estate gangster to return to the country, the commercial empire created by Wang Yonghong quickly collapsed. In the main listing platform, Honghong's shares even became the first share of A -share price below 1 yuan, and the tens of billions of wealth of 270,000 shareholders instantly turned into black.Essence

Wang Yonghong seized wealth in real estate development and lost in the operation of crazy capital.In 1992, Wang Yonghong, who was born in a civil servant family, went to Beijing alone and earned the first bucket of gold in the automotive cleaning and gas station industry. Subsequently, the huge profits of the real estate industry pushed him to the rich list.

By 2015, Wang Yonghong established a capital empire with an A -share company+three overseas listed platforms. This is the A+3 strategy often referred to as the capital operation of the four listed companies.At the peak of Zhonghong's market value, it was close to 36 billion yuan.

Buying and buying is the fastest way to support Wang Yonghong's ambitions. He even made a merger and acquisition that has not been made by Fosun Guo Guangchang.The peninsula, trying to install it into the listed company Zhonghong.

The half -mountain peninsula is the most legendary tourism real estate project in Sanya, Hainan, and the most dazzling world -class tourism vacation destination. Wang Yonghong consumes countless energy and money., Let Zhonghong's stock price fly into the sky and solve the problem of his funds with listed companies.

This is a race with time. Wang Yonghong only thought of becoming a life. Maybe he never thought or dare to think about it. The price after failure.The red line in the capital market, coupled with the changes in the macro -control policy in real estate, Wang Yonghong and Zhonghong's final success.

Avoiding Hong Kong to find a white knight is Wang Yonghong's last blog.But the lucky goddess did not care, and Zhonghong's shares fell to the point where no one took over. Wang Yonghong fell down until he returned.

End Road

The Mid -Mountain Peninsula is located in Sanya City's Xiaodonghai Deer back to the peninsula. The project covers an area of 5,000 acres and has a construction area of 24 billion yuan. It has occupied the list of sales lists in Sanya and even the entire Hainan Island all year round.This project was built by Shanxi Mysterious Rich, Yan Qi, and was sold to Wang Yonghong in the middle of the development and construction. The latter hopes to use this project to be upright and never want to be dragged into the abyss.

From the fall of business issues to suspected illegal crimes, Wang Yonghong mainly involved two things.First, the sale of the Sanya Mid -Mountain Peninsula was sold out by the court, which led to the home buyers' houses. Second, Wang Yonghong surpassed the listed company.Project companies used to acquire the Ban Mountain Peninsula.

The funds were removed from Zhonghong in 2017, but the acquisition of the target Hainan Xinjia Travel Industry Development Co., Ltd. (hereinafter referred to as Xinjia Travel Company) and Sanya Deer Returning Tourism Area Tourism Development Co., Ltd.The equity transfer procedures have not been carried out, which is equivalent to Wang Yonghong's naked robbery on listed companies.

Funding is a mystery, the actual control of Xinjia Travel Company and Sanya Deer's return company becomes a mystery. There was once a mystery of Wang Yonghong's whereabouts. Now Wang Yonghong returns to justice, and other mysteries have been revealed one after another.

Twenty -three related enterprises including Sanya Zhonghong Honghong Real Estate Development Co., Ltd., including the National Enterprise Bankruptcy Reorganization Case Information Network, shows that the merger and reorganization application (hereinafter referred to as the reorganization application) shows that the original 12 companies entered the bankruptcy and reorganization.In the sequence, the Sanya Intermediate People's Court designated Beijing Deheng Law Firm to serve as the manager of the 12 companies on October 18, 2018, and the first batch of 12 companies in Xinjia Travel Corporation and Sanya Deer returned.Seven months later, the manager applied for an additional 11 related enterprises for merger and reorganization.

The reorganization application revealed that as of May 20, there were 388 companies and natural persons who declared claims from 12 companies such as Xinjia Travel Corporation and Sanya Lulu Corporation.100 million yuan, the total amount of claims in the merger and reorganization model was 68.92 billion yuan; another 3589 households declared the registration rights registration, and the number of employees involved was about 1,053.

The claims of 68.92 billion yuan, coupled with the cumulative overdue debt of Zhonghong and its subsidiaries, a total of 11.464 billion yuan, which is the first time that Wang Yonghong's mess left the mess.

The bankruptcy and reorganization of 12 companies including Xinjia Travel Corporation and Sanya Deer returns, which means that the courts and managers have confirmed that these companies have actually controlled Wang Yonghong, which also meansThe transactions between the company are related transactions, and Wang Yonghong has taken away 6.15 billion yuan to control his control system from the listed company he controlled by himself, which has become the most troublesome at present.

In addition, in July 2018, the Sanya Housing and Urban Construction Bureau launched a special rectification of the real estate market in the city, announcing that the seal -sealed real estate was sold for sales, and its behavior was suspected of illegal.At that time, the Sanya Public Security Bureau had conducted criminal investigation on sales of the Ban Mountain Peninsula project.

Debal

Wang Yonghong's control of the Zhonghong company has fallen into a comprehensive fall, dragging the company, buyers, shareholders, creditors, partners and many other stakeholders and other stakeholders.

Wang Yonghong borrowed too much money to merge the project.A person who had participated in the creditor meeting told the interface news that the first to fourth phase of the half -mountain peninsula was built around 2006. At that time, the boss was still the mysterious rich man in Shanxi Yan Qi.Some of the assets are under construction.

The above -mentioned people revealed that Wang Yonghong is equivalent to borrowing money to buy assets. Once the listings of these assets are sold, the sales money needs to be repaid first. Therefore, Wang Yonghong's selling houses did not get cash flow.In the case of not paying off the debt, Wang Yonghong used some assets to mortgage loans, which is equivalent to one -bedroom and two pledge. In the future, the mortgaged houses will be sold, resulting in the situation of home buyers' house wealth.

The debt of up to 70 billion yuan, the creditors who occupy the big heads are most financial institutions, such as Huarong, Cinda, Oriental Assets, as well as financial institutions such as Ping An Bank, SPD Bank, China Merchants Bank, Minsheng Bank.

The creditor's losses were heavy, and the interest could not be taken back.An anonymous creditors told the interface news that according to the current asset inventory, the bankruptcy settlement rate of creditors was only about 2%.

Before the bankruptcy and reorganization, some creditors were also trying to recover the losses.On June 4, the five land of the Xiamen Trust will be auctioned on the Alibaba Judicial Auction Platform on the Five Land of Jinan Hongye Real Estate Development Co., Ltd., a subsidiary of Zhonghong Co., Ltd.100 million yuan.

Earlier in 2018, Xiamen Trust issued an instruction to Guoyuan Securities, asking him to forcibly sell about 140 million shares pledged by Zhonghong Zhuo's controlling shareholder, Zhonghong Shares.Helplessly, Zhonghong's shares had been reduced to fairy stocks, and the selling plan failed to achieve it.

From the perspective of the property preservation of these creditors, the assets controlled by Zhonghong Department are not high -quality. Most of the assets sold by Wang Yonghong for self -rescue have not been successfully traded.In August last year, real estate companies such as Sunac, Jiazhaoye talked about the Haikou Ruyi Island project under Zhonghong Co., Ltd., and finally signed a purchase agreement for 1.4 billion yuan, but the final performance conditions were not completed.

Jiazhaoye only paid a deposit of 10 million yuan.A person familiar with the matter involved in due diligence told the interface news that the debt of the Ruyi Island project exceeded 7 billion yuan, of which the China Huarong 18The 3.5 billion yuan loan is pledged with 100%equity of the Ruyi Island Project Company; Bank of Beijing's 5.6 billion yuan loan, with 100%equity of 9 subsidiaries under Ruyi Island as pledge, and the relevant seas of use rights.

Reorganization

Zhonghong Department has been carrying such huge debts, and must find as many high -quality assets as possible to make effective bankruptcy and reorganization. This is the purpose of adding 11 related enterprises for bankruptcy.More stakeholders are dragged into the bankruptcy mud.

In August 2018, the Taxation Bureau of Jiyang District of the State Administration of Taxation Sanya City, in order to not pay the taxes that cannot be paid, and have seriously funded the debt, but it has the value of reorganization and possibilities to the Sanya Intermediate People's Court.Twelve companies such as Lu Huituo Company went bankrupt and reorganized.

Seven months later, the bankruptcy manager added 11 companies to merge the bankruptcy and reorganization.According to the public video of the China Greedy Public Network, on June 13, the Sanya Intermediate People's Court held a hearing and broadcast live.The judge of the trial revealed that the trial hearing notice issued more than 1,000 copies of the 12 bankrupt cases and 11 companies and related units intending to merge bankruptcy. In the end, there were 37 companies and their affiliated people.Merge bankruptcy and reorganization.

The hearing mainly revolves around 23 companies and their affiliates to objection to bankruptcy reorganization.The first 12 companies that were included in the bankruptcy and reorganization did not propose any objections. The objection was mainly concentrated in Sanya Zhonghonghong Real Estate Development Co., Ltd. (hereinafter referred to as Zhong Honghong) and Sanya Xiaoa, who were subsequently included in the bankruptcy and reorganization.Island Hotel Investment Management Co., Ltd., including 11 companies, including Sanya Xiaozhou Island Hotel Investment Management Co., Ltd. (hereinafter referred to as Xiaozhou Island Company) with high -quality assets.

Consolidated 11 bankruptcy and reorganization enterprises, and the bankruptcy manager proposed four facts and reasons: 23 enterprises including Zhong Honghonghong were controlled by Zhonghong Hongzhi as the core and were actually controlled by Wang Yonghong.The personality of the legal person between the company is highly mixed, making it difficult to distinguish the creditor's rights and debts, and the cost of distinguishing the property of members of the affiliated enterprises is too high; 11 companies that have not entered the reorganization procedure meet the reorganization conditions stipulated by Article 2 of the Enterprise Bankruptcy Law;23 related companies do not merge and reorganize, which will seriously infringe the right to fair compensation of creditors.

According to industrial and commercial information, there are three shareholders of Xiaoshou Island, including 41%of Sanya Coast Investment Co., Ltd., 35%of Anxin Trust Co., Ltd., 24%of Sanya Zhonghonghong Real Estate Development Co., Ltd.The shares were pledged to Anxin Trust.

The deputy general manager of Xiaozhou Island made a speech during the trial that he was appointed by the Sanya Coast Investment Corporation. The assets of Xiaozhou Island were independent and the half -mountain Peninsula project.The existence, and the seal of Xiaozhou Island Company and the ownership of land assets are kept by Anxin Trust. All resolutions must be finalized by the company's shareholders' meeting and Anxin Trust.Therefore, in terms of equity or company management, Zhong Honghong's cannot actually control the company, let alone be actually controlled by Wang Yonghong.

Sanya Coast Investment Agent, the major shareholder of Xiaozhou Island, said that whether it is legal personality, business management, or capital finance, asset business, and managers, Xiaozhou Island Company does not have the same mixing with Zhong Honghong.The most critical point is that Xiaozhou Island Company does not have the case of incapable of debt.

Anxin Trust's agent spoke to emphasize that dissatisfaction was called the nominal shareholder of the bankruptcy manager.From the perspective of industrial and commercial registration, the Anxin Trust Trusted Trusted Trust plans to hold 35%of the equity of Xiaozhou Island Company; in terms of the transaction structure, Anxin Trust also provides funds to Xiaozhou Island Company through the method of investing in equity and debt.From the perspective of the trust side, the trust clearly distinguishes the priority and the inferior background. The priority is the part of the debt, and the inferior background is the part of the stock. This transaction structure is more conventional at present. Managers believe that Anxin Trust is small.The nominal shareholders of Island Island have no legal basis.

The original shareholder of Xiaozhou Island Company and the current creditor Shanghai Guozhijie Investment Development Co., Ltd. said that incorporating Xiaozhou Island into the bankruptcy reorganization sequence will seriously damage the interests of other major shareholders. As the largest creditor, it clearly knows that Xiaozhou knows Xiaozhou.As the island company's debt and debt, Zhonghong, as a small shareholder, also misappropriated some of the funds of Xiaozhou Island Company, and we all negotiated with Zhonghong's side.

Forcibly incorporate Xiaoshou Island Company into the merger and reorganization process, which will greatly harm the legitimate rights and interests of migrant workers.The proxy of the creditors of Xiaozhou Island Company and the project construction Fang Longyuan Construction Group Co., Ltd. emphasized that when participating in the construction of the Xiaozhou Island project in 2010, Zhonghonghong has not yet participated in the Xiazhou Island Company.As a construction party, on behalf of migrant workers, it has currently filed a civil lawsuit with the Sanya Intermediate People's Court, and the salary of a large number of migrant workers has not been paid.

As the focus of 11 new bankruptcy and reorganization enterprises in the future, Sanya Zhonghonghong also expressed strong opposition to the merger and bankruptcy. It is believed that Sanya Zhonghonghong is a parallel company of the listed company Zhonghong.Including the merger and reorganization will damage the interests of more than 200,000 listed companies, and the interests of many creditors.

Around the assets of a project, the company itself, shareholders, creditors, and builders have strongly proposed to oppose the incorporated bankruptcy and reorganization. This is at the time of life and death.

A commercial economic lawyer told the interface news that once it was included in the bankruptcy and reorganization, the assets and debts of Xiaozhou Island will be included in the overall asset -liability package of 23 bankruptcy companies.The year -on -year compensation; due to the huge overall liabilities, the credit rate of claims is already very low, and there will be no equity left to the company's shareholders, and the wealth will instantly return to zero.

The program should be justice.The above -mentioned lawyers emphasized that if the manager believes that 11 companies such as Xiaozhou Island are actual control of Wang Yonghong, so as to merge the bankruptcy and reorganization. Such a major thing should have suffered sufficient evidence on each family, so that the information is fully symmetrical, and the disagreement person should be given to the disagreement.Leave enough time to refute evidence.

After much time, Zhonghong shares will be delisted soon. After the bankruptcy and reorganization hearing, a resolution will also be made. If the creditors and the stakeholder have any objections, they can apply for reconsideration from the Hainan Provincial High People's Court.

The legend of the Mid -mountain Peninsula ended, for everyone, the winter is coming. It is a legal trial for Wang Yonghong. Those who wait for the creditor and the stakeholder will be a long and desperate bankruptcy reorganization.