On July 11th, the real estate trust business started to stir again. Some information said: "Everbright Trust urgently informs that all real estate projects will be raised as of 12 o'clock today, and all (including direct sales and consignment) will be stopped, and all refunds beyond 12 o'clock." It is worth mentioning that real estate trust has always been one of the important financing channels for housing enterprises. According to the data of usufructuary trust, as of July 1th, 3,313 trust products invested in real estate in 219 were issued, with a total capital of 535.927 billion yuan, which is the field where trust funds flow the most.
(Image from Internet)
Trust, one of the most important financing channels of real estate, was suddenly pressed the pause button. This has caused many small and medium-sized housing enterprises with tight funds to pinch a cold sweat. Actually. The problem of funds has always been the survival dilemma faced by small and medium-sized housing enterprises. Some housing enterprises "sell themselves to save themselves", some apply for bankruptcy protection, and some choose to reorganize and find another way out. Chongqing property market for more than 2 years, how many housing enterprises have gradually disappeared from people's vision? And where are the heads of these housing enterprises that were once famous in Chongqing now?
He was heavily in debt, and the criminal case involving luxury goods smuggling put him in jail.
In 218-219, the peak of debt repayment of real estate developers came, and both leading enterprises and small and medium-sized developers faced enormous financial pressure, and once the capital chain broke, bankruptcy would occur. Last year, four local real estate enterprises declared bankruptcy, namely Chongqing Hongxing Cowan Real Estate Co., Ltd., Chongqing Dongke Industrial Co., Ltd., Chongqing Guowei Dingyi Investment Co., Ltd. and Chongqing Xidishan Group.
among them, Chongqing Xidishan Group is the most influential. Xidishan Group was established in 1999 with total assets of 6.5 billion. On November 29th, 21, Xidishan Group purchased jiangbei mouth No.8 plot for 1.44 billion yuan, and began to build a 28,-square-square global luxury center city complex-Oriental International Plaza in jiangbei mouth, the core area of the financial CBD. At this time, Zhang Yuxi and his Xidishan Group were at their peak, and they were just selected into the top 5 national real estate companies and the top 5 Chongqing real estate companies last year. At that time, Oriental International Plaza signed a contract with Mandarin Oriental Hotel, the world's top luxury hotel, and the scenery was the same for a while. However, to complete the development of such a top-level project, the required funds are also huge.
(Statistical analysis of judgment documents of Xidishan Group)
The reporter from Chongqing Station of Sohu Focus learned from the public information of enterprise investigation that Xidishan Group had 8 disputes over recourse, 32 disputes over financial loan contracts and 5 disputes over loan contracts. According to incomplete statistics, Zhang Yuxi's foreign debt related to the Oriental International Plaza may be as high as 6 billion yuan. It can be seen that in order to develop the tall project of Oriental International Plaza, Zhang Yuxi has spared no effort and almost lost his family.
(Oriental International Plaza)
But at the critical moment when Zhang Yuxi was needed to revitalize the Oriental International Plaza, a luxury smuggling case became the last straw to crush the camel. Sohu Focus Chongqing Station reporter learned on the People's Procuratorate's case information disclosure website that the case was investigated by the two-way Cuntan Customs Anti-smuggling Branch. After legal review, the defendant Zhang Yuxi, the person in charge of the defendant unit, evaded taxes by declaring customs duties at a price lower than the actual purchase price of imported goods and falsely reporting the trade mode, which was RMB 12,48,852.14, and was the person in charge directly responsible for the unit. His behavior has violated the provisions of Article 3, Item 3, Item 2 and Item 3 of Paragraph 1 of Article 153 of the Criminal Law of the People's Republic of China, and the facts of the crime are clear and the evidence is really sufficient, so he should be investigated for criminal responsibility for smuggling ordinary goods. Defendant Zhang Yuxi is currently detained at Nan 'an District Detention Center in Chongqing.
concocting the biggest bankruptcy case of Chongqing real estate, 14 banks and 4 trust companies "stepped on the thunder"
In 219, the pace of bankruptcy of Chongqing real estate enterprises continues. In March, Elegance Real Estate had a debt of 6.5 billion yuan, which entered the bankruptcy reorganization procedure and became the largest bankruptcy case of Chongqing real estate. It is understood that Elegant Real Estate was established in 1995, and it is a local old-fashioned real estate enterprise. It was once rated as a large taxpayer in Banan District of Chongqing for 11 consecutive years. With the fall of Elegant Real Estate, 14 banks, 1 small loan companies, 5 trust companies, 13 investment (business) companies, many natural persons, and hundreds of materials (engineering) companies have been implicated, and they have fallen into a "difficult debt collection" situation. It is understood that the debt of elegant real estate is as high as 6.5 billion. Even the trust company ranked 17 th in 218, China Credit Trust is also unfortunately "stepping on thunder".
(The information in the picture comes from Tianyancha official website)
Sohu Focus Chongqing Station reporter found in Tianyancha official website that Zhang Yisheng and zhangxin are the largest shareholders and the second largest shareholders of Elegant Real Estate. According to Tianyancha, Zhang Yisheng is the legal representative and the largest shareholder of the enterprise, with a paid-in investment of 132 million yuan. Zhangxin is the second largest shareholder of Elegance Real Estate, with a paid-in contribution of 4 million yuan. At the same time, according to the online judgment documents of China, Zhongcheng Trust Company and Elegance Real Estate Company signed (214) Mortgage No.2111364 Chongqing Real Estate Mortgage Contract on February 11th, 214, stipulating that Elegance Real Estate Company will take 282 apartments and negative 1-21 garages located at No.2 Yunjin Road, Banan District, Chongqing as the mortgage right (the parking space has a construction area of 37,922.8 square meters).
Later, Elegant Real Estate failed to repay the due loan to Zhongcheng Trust Company as agreed, and Zhongxin Trust applied to the court of first instance for enforcement against Elegant Real Estate and its guarantor, Zhang Yisheng and zhangxin, the first and second largest shareholders of Elegant Real Estate. But in fact, the house in Room 5-2, Unit 3, Building 9, Yishan County, which Zhang Yisheng mortgaged to Zhongcheng Trust Company, and the parking space No.359 in the negative 1-21 garage have already been replaced and compensated to a natural person. After the court heard the case, it was found that China Credit Trust's claim on the execution of the house and parking space involved in the case could not be established. The natural person's civil rights and interests in the house and parking space involved in the case are enough to exclude the enforcement of the trust.
what will be the next step for this dispute? "Chongqing Elegant Project is currently held by a single institutional client, and our company has been fulfilling the obligations of the trustee in accordance with the relevant contracts; In the future, project risks will be actively resolved in various ways. " China Credit Trust said. That is to say, the long "debt collection road" entrusted by China Chengxin to Zhang Yisheng and zhangxin is not over yet.
The struggle for shares has been climaxed, and the largest shareholder has been eliminated
In April this year, Chongqing Yinxing Zhiye (Group) Co., Ltd., once one of Chongqing's top 5 companies, applied to the court for bankruptcy and reorganization, which aroused widespread concern in the industry. According to public information, Yinxing Group was established on December 8, 1998 with a registered capital of 75 million yuan. Its shareholders are Li Daming (holding 65%), Wang Zhenqun (holding 15%), Ye Qingzuo (holding 5%) and Wang Zhenmei (holding 15%), and its registered place is Baijiahe, Park Road, Zhengyang Industrial Park, Chongqing. Since 2, it has been rated as one of the top 5 private enterprises in Chongqing and one of the top 5 real estate development projects. In 212, it was awarded as an outstanding private enterprise in Chongqing and became one of the well-known enterprises in China. Its development projects were awarded the honorary titles of "Top Ten Residential Districts" for many times, with total assets exceeding 3 billion yuan in its heyday.
However, since 212, the real estate business of Oriental Silver Star has suddenly come to a standstill. There are no new projects or projects under construction, and there is no relevant sales revenue. Instead, it relies on the building materials trade to make meager profits, barely maintaining a revenue of more than 1 million yuan and ensuring that it will not be delisted. According to relevant media reports, although the performance is not so good, Oriental Silver Star has turned into a shell company welcomed by the market with its total share capital of 128 million shares. In 213, Oriental Silver Star became a "star" because of the protracted equity battle.
from may to July, 213, yushang group won 15% equity of oriental yinxing through three placards. after being promoted as the second largest shareholder, it started a control dispute with Chongqing yinxing zhiye (group) co., ltd, the former controlling shareholder of listed company. According to the Securities Times, on October 22, 214, Yushang Group filed a civil lawsuit with the Henan Higher People's Court on the dispute over the liability for damage caused by related party transactions of Chongqing Yinxing Zhiye (Group) Co., Ltd., Li Daming and Chongqing Tianxianhu Real Estate Co., Ltd. On November 13th, Henan Higher People's Court ruled to freeze the bank deposits of Chongqing Yinxing Zhiye (Group) Co., Ltd., Li Daming and Chongqing Tianxianhu Real Estate Co., Ltd. for 13 million yuan, or to seal up or detain the property with the same value.
After that, Yushang Group found that these 16 cases of land did not meet the conditions for land transfer stipulated in the Law of the People's Republic of China on Real Estate Management, and failed to go through the transfer procedures so far, so it withdrew the civil lawsuit against this case and reported to the public security organ the crime of Li Daming, the chairman of the board of directors, allegedly violating the interests of listed companies. In this regard, the relevant person in charge of Chongqing Yinxing Group said that the other party is a malicious lawsuit and the freezing measures will affect the normal operation of the company. From civil disputes to criminal cases, it is rare that the internal shareholder disputes of Oriental Silver Star are so tragic.
In August, 215, Oriental Yinxing announced that the company's shareholder Chongqing Yinxing Zhiye (Group) Co., Ltd. (hereinafter referred to as "Yinxing Group") and Jinzhong Dongxin Building Materials Trading Co., Ltd. (hereinafter referred to as "Dongxin Company") signed the Share Transfer Agreement, and Yinxing Group transferred all its shares of 26.785 million to Dongxin Company through the agreement transfer, and the shares were transferred. At this point, Yinxing Group will no longer hold the company's shares, and Li Daming, the actual controller of Yinxing Group, will no longer be the actual controller of the company, and the former largest shareholder will be eliminated.
In March 217, Jinzhong Dongxin dumped its equity to Zhonggeng Group. Although the stock rights are constantly circulating, in the face of increasingly fierce competition in the real estate market, Oriental Silver Star has not taken enough effective measures to reverse the business failure. As of August 31, 218, the assets of Yinxing Group Company totaled 1,47,77,9 yuan, and the liabilities totaled 1,186,147,6 yuan. Finally, due to insolvency and broken capital chain, it also went bankrupt.