/kloc-On the afternoon of May 25th, 0/8 years ago, Zhou Zhengyi, the richest man in Shanghai Yihe Longbai Hotel, had a wonderful talk with a mysterious person from Beijing. He boasted that he would invest billions of dollars in his group.
This is his last business meeting before he lost contact. Soon, Zhou Zhengyi was controlled by the relevant departments.
The news spread like wildfire, and Zhou Zhengyi and its four listed companies actually controlled suffered a plunge that lasted for several days.
On May 29th, 2003, Shanghai Real Estate (00076. HK, a Zhou Zhengyi-controlled Hong Kong stock company, claimed that it did not know about the detention.
However, paper can't wrap fire. A few days later, the Shanghai authorities confirmed that Zhou Zhengyi, the head of Nongkai Group, was being investigated by relevant departments.
On May 26th, 2006, Zhou Zhengyi, who was released early after serving only three years in prison, came out of Tilanqiao prison. Soon, he caught the news again and was sentenced to 16, and entered the palace twice.
Born in Wuxi, Jiangsu and raised in Yangpu shantytown, the richest man in Shanghai has experienced ups and downs all his life.
To this day, China Hong Kong Independent Commission Against Corruption still lists him as a wanted man on the grounds of conspiracy to defraud and false statements made by company directors.
At that time, how he became the actual controller of four listed companies in the mainland and Hong Kong has become a puzzle that has been difficult to solve in the capital market.
After more than ten years in Shanghai and Hong Kong, Zheng will publish a series of research reports on some long-forgotten capital events.
According to a judgment of Shanghai No.1 Intermediate People's Court, Zhou Zhengyi was born on April 23rd, 20 1 1, 196 1, a native of Wuxi, Jiangsu Province, with a high school education. The Independent Commission Against Corruption (ICAC) of the China Special Administrative Region has posted public wanted notices for more than ten years. Zhou Zhengyi has a China-Hongkong identity card and fair skin.
Zhou Zhengyi, who grew up in Yangpu District, has always been generous. In the eyes of his neighbors, he is a restless child. The history of Zhou Zhengyi's early prosperity is confusing. Various rich versions are presented in the form of exclusive interviews with Zhou Zhengyi and "prospective wife" Mao Yuping. It is said that Zhou Zhengyi once went to Japan to sell 10 1 shampoo.
10 1 Shampoo is good news for people with hair loss in Japan. Japan's hair loss rate exceeds 27%, ranking first in Asia. It is said that Li Xiaohua, the former richest man, made his fortune by selling this shampoo in Japan.
Besides selling shampoo, the two former richest men in Beijing and Shanghai have one thing in common: they like luxury cars.
1997, a special delivery ceremony was held in Shanghai Garden Hotel. At the age of 36, Zhou Zhengyi became the first Ferrari owner in Shanghai. Since then, the dazzling red Ferrari has often stopped in front of Amao stew shop in huanghe road.
At that time, Zhou Zhengyi had many companies in Shanghai, China and Hongkong, and the capital market was booming. Like to be called Duke Zhou, he said, "It was probably 1 995, 1 996. When many state-owned enterprises lined up for listing, we began to collect employee shares in the name of self-employed. There should be fifty or sixty (listed companies). At that time, employees of state-owned enterprises generally wanted cash instead of stocks. They sold all the shares to us. When it went public, it rose from a few yuan to dozens of yuan. I bought it in buy buy at that time. Among the state-owned shares he mentioned, Gree (00065 1 SZ) is still booming. I have to admire Zhou Zhengyi's excellent investment ability.
After buying Ferrari, Amao's stew business is getting better and better under the strong advertising effect. Zhou Zhengyi and a person surnamed Chen who runs a seafood restaurant nearby are getting closer and closer. Zhou Zhengyi's career in Shanghai Beach is about to usher in a more brilliant era of agricultural system.
1997165438+10 In October, a company named Shanghai Agricultural Development (Group) Co., Ltd. (hereinafter referred to as "Agricultural Development Group") was established. In the list of shareholders, there is a decoration company named Shanghai Zhengyi, and its legal representative is Zhou Zhengyi. The legal representative of shareholder Shanghai Shenhua Co., Ltd. is Liu. Who is Liu? Few people know that he is actually the younger brother of Liu Genshan, a former Shanghai highway king.
Liu Genshan and Zhou Zhengyi have known each other for a long time. They are neighbors. Liu Genshan, born in 1957, is known as the king of Shanghai highways. In 2004, Liu Genshan ranked 36th on Hurun's China Rich List. He used to be the chairman of the board of directors of Shanghai Sheng Mao Group and Sheng Mao Holdings, a H-share listed company, and invested in several expressways. He and Zhou Zhengyi will meet in real estate, highways and other fields. At that time, the circle of friends may be the primary productivity of some rich people.
After the establishment of Nongkai Group, Zhou Zhengyi became the chairman of this company. This company was originally established by seven companies, including Shanghai Agricultural Investment Company and Shanghai Zhengyi, with a registered capital of 1 100 million yuan. Soon, this company will become the flagship of Zhou Zhengyi real estate and capital.
Zhou Zhengyi has a unique vision in investing in Shanghai real estate. He bought a series of uncompleted residential flats and made a lot of money. On the "Earl's Garden in London" project, Zhou Zhengyi boasted that he had earned 500 million yuan.
He wants to be the king of Shanghai real estate.
Zhou Zhengyi, which has gained a lot in the capital market, also made mistakes. 1997 After being looted by the Asian financial crisis, Zhou Zhengyi waited patiently for the moment to strike again.
After the Agricultural Development Group, he set up a series of companies one after another, and a huge agricultural development system began to emerge.
A series of hidden capital layouts soon began.
Xugong Technology (000425. SZ) was included in the hunting list by him. On August 1999 and 18, the internal staff shares of xugong science and technology began to go public, and Zhou Zhengyi immediately attacked.
After some clever acquisitions, Zhou Zhengyi once controlled 80% of the outstanding shares of Xugong Technology. Xugong Technology's "headquarters" is Dingxi Road Sales Department of Southwest Securities, but his attempt to become the actual controller of Xugong Technology was unsuccessful. At that time, the control rights of some state-owned enterprises were seized by so-called private enterprises. However, there are still some responsible state-owned enterprises that insist and resist and lead the company out of the predicament.
After the Zhou Zhengyi incident, the Shanghai Rural Commercial Bank passed the lawsuit, and it was not until the beginning of 20 1 1 that all the companies under the Agricultural Development Bank accepted the outstanding shares of Xugong Technology. After the acquisition, Shanghai Rural Commercial Bank became the second largest shareholder of Xugong Technology, holding 4.89%.
After discovering that the tradable shares were difficult to control the listed companies, he changed course and locked in two local stocks in Shanghai: Seabird Development (600634. SH, delisting) and Hero shares (600844. SH, now renamed Danhua Technology).
On September 7, 2000, Shanghai Donghong Industrial Investment with a registered capital of 50 million yuan was incorporated.
On the second day after its establishment, the company annexed the seabird development listed on 1992. How did the story happen?
Under the impact of the Asian financial crisis in 1997, the development of seabirds still maintained a strong momentum. From 65438 to 0999, the company was rated as one of the top 100 industrial enterprises in Shanghai, ranking 46th, with main business income of 258 million yuan and main business profit of 6.32 million yuan.
This company is investing heavily in the construction of seabird building, a commercial and residential dual-use project, which is expected to be in the future. No matter from what point of view, this is a high-quality listed company, and the actual controller is state-owned assets.
Seabirds became the target of hunters. Anyone familiar with Zhou Zhengyi knows that he will do whatever he wants.
On September 8, 2000, Shanghai Huacheng Wireless Power Plant, the largest shareholder of Seabird Development, signed an equity transfer agreement with Shanghai Donghong Industrial Investment Co., Ltd., and transferred 26% equity of Seabird Development to Shanghai Donghong Industrial Investment Co., Ltd. at a price of 65.438+57 billion yuan.
This reorganization is extremely rapid. From June 5438 to October 2000, relevant equity transfer was completed. Subsequently, relevant persons from Shanghai Donghong entered the seabird development board and successfully took control of the company.
Strangely, the announcement of seabird development at that time did not disclose that the actual controller of Shanghai Donghong was Zhou Zhengyi. It was not until Zhou Zhengyi was taken away by the relevant departments that Seabird Development righteously denied that Zhou Zhengyi was the actual controller of the company.
However, with the disclosure of information related to the Zhou Zhengyi case, the development of seabirds has been hit hard.
After Zhou Zhengyi concealed the identity of the actual controller and then controlled the development of seabirds, he not only injected the real estate company owned by Shanghai Nongkai into seabirds development through connected transactions, but also purchased real estate projects through seabirds development.
This electronic enterprise has become a real estate enterprise.
Simple and rude violation guarantee also happened after Zhou Zhengyi took office. However, it was not until August 2004 that these things were disclosed. Investors who know the details are shocked. Can a listed company be so stupid?
Mr. Zheng briefly talked about this illegal guarantee. At the end of 2002, Shanghai Agricultural Development Bank applied to Huaxia Bank Shanghai Branch for a credit loan with a total amount of about 550 million yuan, of which about 270 million commercial tickets were discounted, and Huaxin Investment Group Co., Ltd., an affiliated company of Shanghai Agricultural Development Bank, provided the guarantee. Huaxia Bank Shanghai Branch also asked Shanghai Agricultural Development Bank to arrange additional guarantees for the development of seabirds under its control.
This guarantee was first known during the development of seabirds. Under strong internal opposition, the guarantee was not submitted to the board of directors for discussion. After all, at that time, seabird development did not recognize Nong Kai as the actual controller of the company. Why should a listed company help an outsider to bear hundreds of millions of guarantee responsibilities?
However, under the pressure of Shanghai Nongkai, from the end of 2002 to the beginning of 2003, Seabird Development stamped its official seal on relevant guarantee contracts and bills. Tang Haigen, then the chairman of the company and a cadre of Zhou Zhengyi, knew about the official seal. There is no doubt that the development of seabirds lost its way in this matter and eventually led to a big mistake.
Zhou Zhengyi cut down the listed companies as their own vegetable fields and used the money guaranteed by the listed companies to solve the problem of agricultural funds.
Zhou Zhengyi, whose desire is constantly expanding, also took aim at several other prey. Hero shares (600844, SH, changed hands several times later, now Danhua Technology), which was regarded as the pride of early Shanghai industry, are about to be seized by him.
200 1,1On June 3rd, Hero Company denied that Shanghai Light Industry Holding (Group) Co., Ltd. (hereinafter referred to as "Shanghai Light Industry"), the controlling shareholder of the company, would transfer its state-owned shares.
Is it that the hero shares that produce hero pens encounter operational difficulties and are forced to find a new home? That was not the case. In 2000, Hero's share income was more than 400 million yuan, and its profit was more than10 million yuan. There are tens of millions of cash in the bank account.
It is naturally very lively to hear that there is reorganization speculation in the secondary market. At that time, speculators liked to reverse the news denied by listed companies. Hero stocks were once sought after by speculators.
A few months later, Shanghai Agricultural Investment Company (hereinafter referred to as "Shanghai Agricultural Investment Company"), the controlling shareholder of Shanghai Light Industry and Hero, signed the Share Transfer Agreement of Hero (Group) Co., Ltd. on 20011.
You found that this time, just like Zhou Zhengyi entering seabirds, Zhou Zhengyi was not seen at first.
You can't keep secrets.
Soon, on June 24th, 2002, Hero Company signed the Mutual Insurance Agreement with the seabird development actually controlled by Zhou Zhengyi.
This is not surprising. Shanghai Agricultural Investment Corporation is a wholly state-owned enterprise, but it has deep roots with Zhou Zhengyi's agricultural system. After all, when Shanghai Agricultural Development Bank was founded, Shanghai Agricultural Investment Company was its founder.
Just say that the good state-owned assets will come to the Lord. How can it be so easy to change later?
Since September 2002, it has undergone a series of complex changes. In the end, Zhou Zhengyi-controlled Shanghai Agricultural Industrialization Group and Huaxin Investment became the first and second largest shareholders of Hero respectively. Shanghai Agricultural Investment Company became the third largest shareholder. Hero shares were so smoothly incorporated by Zhou Zhengyi.
In the meantime, Hero also successfully acquired 0/00% equity of Shanghai Daying Meat and Poultry Joint Company/KLOC held by Shanghai Agricultural Investment Company and Shanghai Agricultural Industrialization Group controlled by Zhou Zhengyi.
In the end, Hero shares were also renamed Daying shares.
What did Zhou Zhengyi's painstaking entry bring to Hero? Many things are not known until the tide ebbs.
After Zhou Zhengyi was controlled, Daying Company released another surprising news in its 2004 annual report: the company's major shareholder and its affiliated enterprises directly and indirectly occupied the company's funds of 7130,000 yuan, of which Shanghai Agricultural Industrialization Development (Group) Co., Ltd. and its affiliated enterprises (the actual controller is Shanghai Agricultural Development (Group) Co., Ltd.) directly and indirectly occupied the funds of listed companies of 3.1. The subsidiaries of Shanghai Light Industry Holding (Group) Company, the second largest shareholder of the company, occupy 392 million yuan of listed company funds; The affiliated enterprises of Shanghai Agricultural Investment Company, the third largest shareholder of the company, occupy 90 million yuan of listed company funds.
The reason why Zhou Zhengyi took office was revealed: taking funds from listed companies and taking a large number of loans with the guarantee of listed companies!
Under the green light all the way, Hero shares introduced a group of tigers and wolves!
In those years, some people fell under the hunting. In fact, there are often mysterious forces behind the magical transformation of control rights of some listed companies. Over the years, Zheng has also continued to follow up.
Zhou Zhengyi was ecstatic about the Capital Dance in Shanghai.
In 2002, he and Mao Yuping began to attack the capital markets of China and Hongkong. In those years, stories of female stars from Zhou Zhengyi and Hongkong circulated from time to time in China.
The charming Duke of Zhou became a celebrity in Xiangjiang.
"I used up all my luck to find that I breathed the air today" (Eason Chan's "Today Next Year", the top ten hits in China and Hong Kong in 2002)
People are full of joy when they are happy. From June 5438+ 10, 2002, Zhou Zhengyi successively won two listed companies in China and Hong Kong: Rong Ying Group (01kloc-0/04. HK, now Asia Pacific Resources) and Jianlitong (that is, 00067.HK Shanghai Real Estate, which has been delisted).
On June 5438+ 10, 2002, Zhou Zhengyi acquired 74% equity of Rong Ying Group (later renamed as "Shanghai Business") of Hong Kong Angel Field Co., Ltd. for HK$ 610.8 million through a wholly-owned BVI registered company. This is a highly controlled company. Before the acquisition, 98.9% of the company's issued share capital was controlled by 65,438+00 investors, and the rest was held by public shareholders.
When Zhou Zhengyi acquired, the company's performance declined and it continued to lose money. The loss in 200 1 year is as high as over 40 million Hong Kong dollars.
Why do you want to be a catcher? Zhou Zhengyi naturally has his intentions.
This should start with the electrolytic copper trading that Zhou Zhengyi is good at. From 1 1 in 2007 to 1 in 2008, many secrets of Zhou Zhengyi were made public after the first-instance final judgment of Shanghai No.2 Intermediate People's Court and Shanghai Higher People's Court.
The prosecution accused Zhou Zhengyi of fictitious transactions in order to obtain discounted funds from banks. From May 2003 to 1999 to 1, Zhou Zhengyi arranged fictitious purchase and sale contracts for various enterprises under the Agricultural Development Group to conduct electrolytic copper recycling transactions (note: pure copper extracted by sulfuric acid electrolysis and anodic adsorption has high industrial value and is an important variety in metal futures trading).
The audit report shows that the Agricultural Development Group and its affiliated enterprises actually purchased and sold electrolytic copper148,600 tons, and finally the electrolytic copper purchased and sold on the books reached1997 million tons. In the meantime, 40,200 VAT invoices were falsely issued between 16 enterprises under Nongkai Group and Liyuan Company, forming 245 cycles! Among them, more than 8,400 VAT invoices are directly used to apply for discounting commercial acceptance bills and bank acceptance bills.
In this way, the Agricultural Development Group discounted 8.422 billion yuan to the bank and earned 8.23 billion yuan after deducting interest. Among them, 654.38+0.958 billion yuan was invested in securities company accounts, 998 million yuan was used to repay loans, 2,265.438+0 billion yuan was used for internal use of enterprises, and other funds were used to repay bills due.
In 2002, Shanghai Commerce, which intends to become an international trade group, also engaged in metal trade. After Zhou Zhengyi took office, due to the opening of metal trading, the company's turnover soared from HK$ 38,654,380+of 200/kloc-0 to HK$ 403.7 million. The trade in basic metals brought a profit of HK$ 4.5 million. The main varieties of basic metals are copper and aluminum. In the international market, basic metals are mainly traded in futures.
As early as 1990s, Zhou Zhengyi set up a series of trading companies to conduct futures trading including basic metals. He is also regarded as the beneficiary of the "327" national debt incident. In those years, many rich people who started from mystery regarded "327" as a basket, and it seems that all development is related to this. Just a part of the beneficiaries of the "327" incident, and later died.
The five major industries planned by Zhou Zhengyi are import and export trade (including futures), modern agriculture, real estate, infrastructure and high-tech industries. He once wanted to buy a futures brokerage company. Under the control of Zhou Zhengyi, Shanghai Trading, a Hong Kong-listed company, is also trying to expand the trading of basic metals, mainly electrolytic copper. Unfortunately, there are not always good days. Shanghai's commerce and trade were reorganized after Zhou Zhengyi and Mao Yuping were taken away by the relevant departments in the Inner Harbor respectively.
After Zhou Zhengyi acquired Rong Ying Group, it aimed at a new goal-building Unicom.
At that time, a famous shell king in China and Hongkong also discovered this cash-rich listed company. China Unicom's shareholders have a prominent background, and after infiltration, they are giants such as Ericsson and Hutchison Whampoa.
Recalling the details of the acquisitions in those years, Shell King said, "I know the director of the company. I introduced this shell to Zhou Zhengyi, but he didn't give me the agency fee in the end." After nearly 20 years, he still remembers many details before and after the transaction and lambasted Zhou.
At the end of 20001,the cash held by China Unicom rose to HK$ 2.23 billion. Zhou Zhengyi, which is accelerating its expansion, is extremely excited about this cash-rich company. Zhou Zhengyi inquired about the details from all sides and decided to buy the company. However, where did the acquisition funds come from?
On May 3rd, 2002, the major shareholder of China Unicom signed an agreement with Zhou Zhengyi, agreeing to sell 59.958% of the issued shares of China Unicom at a price of over HK$ 654.38+0.5 billion. The main body of Zhou Zhengyi's acquisition is Xinnongkai (Xinnongkai Company was established in the outlying islands and wholly owned by Zhou Zhengyi, formerly known as Global Town Co., Ltd.).
Does Zhou Zhengyi still have money to pay HK$ 654.38+05 billion?
After his arrest, the mystery of where the money came from was uncovered one after another. On May 28th, 2003, when Shanghai Real Estate clarified that the company did not have any financial difficulties, it added: "Zhou Zhengyi, the company's chairman and controlling shareholder, has confirmed to the company's board of directors that in May 2002, he obtained the controlling right of the company through bank loan financing from a financial institution, and all the acquired shares were mortgaged to the financial institution."
This financial institution is China Bank, Hongkong Branch. BOC Hong Kong provided a one-year (renewable for half a year) bridging loan of HK$ 26,543.87 billion to Zhou Zhengyi New Agricultural Development Bank as the capital for the acquisition of the equity of China Unicom (Shanghai Real Estate) by New Agricultural Development Bank. In the end, the actual loan amount recovered by the New Agricultural Development Bank was HK$ 65.438+RMB 77 million.
After completing the acquisition of China Unicom, Zhou Zhengyi renamed China Unicom as Shanghai Real Estate and loaded a series of real estate projects in Shanghai. He declared ambitiously that he hoped the company would become a leading real estate developer in Shanghai!
As luck would have it, Zhou Zhengyi, who was riding and whipping, suddenly lost his halberd.
After Zhou Zhengyi was arrested, a series of problems broke out in Shanghai real estate. Shanghai Real Estate has also been appointed by the China Hong Kong High Court to maintain the normal operation of the company and carry out various dispositions.
After the recipient went in, he found that the Longbai Hotel in Shanghai, which had been loaded into the real estate in Shanghai, had been mortgaged to the rural credit cooperatives for a loan of 330 million yuan. However, the board of directors did not authorize and approve the loan.
The receiver sent someone to Shanghai to manage it, but was stopped by violence. I have seen many similar acquisition stories. To be civilized and elegant, it takes time to wash.
In the end, Shanghai Real Estate chose to withdraw from the market in 2005. This is just a thrilling scene in a series of listed companies controlled by Zhou Zhengyi. In those years, all kinds of dog blood dramas happened frequently.
The development of seabirds is perhaps the worst among listed companies in Zhou Zhengyi, and the two receivers after Zhou Zhengyi were condemned and punished by the CSRC. The development of seabirds has now become a delisting rich control, which is about to end 30 years of bumpy capital.
Zhou Zhengyi suddenly quieted down after her high-profile appearance in April this year. In those years, many wonderful things happened in the capital market. Can they stand the investigation?
Zhou Zhengyi, wanted by the Hong Kong Independent Commission Against Corruption in China, is still in official website: Zhou is suspected of conspiring with others to defraud shareholders of two listed companies, the Stock Exchange of Hong Kong and the Securities and Futures Commission.
"Like a photo of memories, it is full of laughter; The time with you is wonderful. " (Kristy Yang, It's Beautiful) I'm afraid Zhou Zhengyi will never go back to Hongkong, China, which once made him happy!