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Introduction: This time it involves Guangdong Zhongcheng Industry Holdings Co., Ltd. and related parties actually controlled by Cyndi Luo. The principal involved in the outstanding factoring financing is nearly 3 billion yuan.
Source: 21st century business herald (ID: jjbd21)
Editor: Zhu Yimin
The influence of Cyndi Luo's detention continues to ferment, and A-share listed company Farsheng (89.SZ) is also involved. This time, it involves Guangdong Zhongcheng Industry Holding Co., Ltd. and related parties actually controlled by Cyndi Luo.
On July 16th, Farsheng said that its subsidiary Shanghai Moshan Commercial Factoring Co., Ltd. (hereinafter referred to as "Shanghai Moshan") had business dealings with Guangdong Zhongcheng Industrial Holdings Co., Ltd. (hereinafter referred to as "Zhongcheng Industrial Holdings") actually controlled by Cyndi Luo and a third party (hereinafter referred to as "Zhongcheng Industrial Related Party") jointly and severally guaranteed by Zhongcheng Industrial Co., Ltd. and Cyndi Luo, involving nearly RMB 3 billion in outstanding principal of factoring financing.
involving nearly 3 billion yuan
Farsheng said that after verification with its subsidiary Shanghai Moshan, Shanghai Moshan has business dealings with Zhongcheng Industry actually controlled by Cyndi Luo and relevant parties of Zhongcheng Industry.
China Chengxin Industry still has outstanding principal amount of factoring financing for Shanghai Moshan, amounting to RMB33,149,6, and Cyndi Luo is jointly and severally liable for the above debts.
Zhongcheng Industry and Cyndi Luo shall bear joint and several guarantee liabilities to Shanghai Moshan for all debts incurred within the comprehensive factoring financing line of relevant parties of Zhongcheng Industry.
Zhongcheng Industry and related parties of Zhongcheng Industry applied for factoring financing from Shanghai Moshan for the creditor's rights of accounts receivable with Suning.cn Group Co., Ltd. Suning Purchasing Center as the payer, and signed the corresponding Domestic Factoring Business Contract and other related creditor's rights transfer documents. As of June 3, 219, the outstanding principal amount of factoring financing was RMB 2,899,382,1.
previously, on the evening of July 8th, noah wealth announced that the credit fund of its Shanghai Gefei Asset Management Company (hereinafter referred to as "Gefei Asset") provided supply chain financing to related third-party companies of Camsing International Holding Limited actually controlled by Cyndi Luo, with a total amount of RMB 3.4 billion. As the fund manager of these funds, Shanghai Gefei Assets has initiated a lawsuit. The investment target of the Fund is mainly to provide supply chain financing for related parties of Chengxing International on the accounts receivable creditor's rights between it and Beijing JD.COM Century Trading Co., Ltd..
On July 9th, JD.COM responded that this incident had nothing to do with JD.COM. "Chengxing is suspected of forging a business contract with JD.COM to defraud others. We are very shocked by this behavior and have cooperated with the injured company to report the case."
Figure/Figure Bug
The company has set up an emergency response team
Farson was mainly engaged in metal products business, mainly producing and selling steel wires and wire ropes with various uses and specifications.
Its subsidiary, Shanghai Moshan Commercial Factoring Co., Ltd., was registered in Shanghai Pilot Free Trade Zone in April 214, with the paid-in capital of RMB 635 million. It mainly provides commercial factoring services with accounts receivable financing as the main service content and consulting services related to commercial factoring, and specializes in providing new financial services for comprehensive management of accounts receivable and credit risk.
in 216, Farson transformed into a commercial factoring business, which first appeared in the annual report, and since then, its net profit has increased year by year. In 218, Shanghai Moshan achieved an operating income of 859 million yuan and a net profit of 176 million yuan, and the commercial factoring business has accounted for 5.28% of Farsheng's main business.
As Cyndi Luo's criminal detention is still under investigation, it is impossible to accurately judge the impact of this matter. However, Cyndi Luo's direct shareholding in Boxin shares and his indirect shareholding through Suzhou Shengjun, the controlling shareholder, have all been submitted to other companies for judicial freezing, and there are still waiting for freezing. If you need to recover, it may take time.
Farsheng also said in the announcement:
The business situation of Shanghai Moshan, Zhongcheng Industry and related parties of Zhongcheng Industry is being verified. At present, it is impossible to accurately judge the impact of this matter on the Company.
at present, the company has set up a special emergency handling working group and taken corresponding emergency measures; Send a special person to Zhongcheng Industry, its related parties and its accounts receivable debtors to understand the situation, and serve a notice letter and a reminder letter, and at the same time entrust a law firm to send a lawyer's letter to Zhongcheng Industry and its related parties;
sort out and prepare relevant materials. if the related party is suspected of fraud, the company will dock the professional lawyer team and the public security organ, initiate criminal and civil proceedings against the related party, and make every effort to recover the losses.
since the Chengxing incident is still under investigation, it is impossible to accurately judge the impact of the incident on the company. The company is actively planning the above-mentioned risk solutions for the receivables and creditor's rights of Zhongcheng Industry and its related parties, and is currently negotiating the creditor's rights transfer plan with the interested parties. After substantial progress is made, the company will disclose the progress in time.
Jun 21
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Editor Li Yutong of this issue.