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400 million yuan of the huge debt

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Started 10 years ago by rkviOIf2z8

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 Die Zeit correspondent special correspondent Wang Tao Hailrun scepter from the bottom of Yongkang, Jiande May 5th, "China Court News" and "Yongkang Daily" also published in a "court notice," for the first time will have been uproar in Yongkang together "private fund raising case", to the public view. Yongkang People's Court issued the announcement that said: the hospital according to the debtor to apply Zhejiang Industry and Trade Co., Ltd. of Seoul, on April 21, 2009 accepted the Zhejiang Industrial Co., Ltd. of Seoul liquidation case, the designated Zhejiang as Seoul Ltd. liquidation group administrator. Zhejiang to Seoul, Ltd. (hereinafter referred to as Zhejiang as Seoul, editor's note) the creditor shall, within two months from the date of the announcement, the liquidation group to file claims in writing. In the announcement, Yongkang court appointed four claims declaration point, and clearly the first meeting of creditors is scheduled for July 17, 2009 was held. "The company is bankruptcy, reorganization, or how, to July 17 on roughly a few, and in many cases is unclear." Liquidation team leader Yan Feng told Die Zeit reporter. Message from the liquidation group: As of May 11, more than 441 creditors to register the declaration, involving more than 100 million yuan of debt. According to the liquidation group estimates, the total liabilities of Zhejiang as Seoul or to more than 400 million yuan, of which only 2,000 million bank loan. Obviously, this is 400 million yuan liabilities, there are mostly from Yongkang private lending. 400 million loan? Informed sources, Zhejiang as Seoul's creditors, a conservative estimate there are about 500 people. Currently access to court registries, mostly small creditors, including at least, only one or two million. Borrowing million or more creditors, some from pawn shops and other private lending institutions, the parties involved in loan-sharking may fear being held, most of them did not show up. An information Die Zeit correspondent multi verified display, a well-known pawn Yongkang, borrowed about 30 million yuan. There are unconfirmed reports that government staff Yongkang section also involved. Creditors Yen (a pseudonym) home, the reporter saw a sign there are more than 300 people to leave their name and contact information and a list of fingerprints, which the creditor has a 96-year-old. "These are 200,000 below the small creditors, those hundreds of millions of millions are not in it." Yan Yun said, "According to our making inquiries, there are tens of millions of more than a dozen." October 2008, "the Seoul barely" rumors everywhere, the couple home to beg for interest, principal, has been found not get a penny. Initially, Zhejiang as Seoul was also to pacify, said the company in Hangzhou Jiande There are hundreds of millions of assets, debt is no problem. Gradually, the creditors found Jiande property may be short almost no cash, Zhejiang as Seoul has been seriously insolvent, then continue to the parties reflect the situation, and ultimately to bankruptcy. After learning the relevant circumstances, Yongkang City Government also attaches great importance. In April this year, the municipal government set up a special investigation group, by the Deputy Mayor Yu Fu was headed. Meanwhile deployed more than 10 municipal departments do, finance, industry and commerce, taxation, auditing and other responsible persons,http://karua.at.webry.info, the establishment of Zhejiang for the Dole Co. bankruptcy liquidation bankruptcy liquidation group to carry out the work. May 5, Yongkang City in Zhejiang as Seoul court announcement into liquidation. "The government's meaning is clear, that is to find out the situation, as far as possible to make an inventory of existing assets and reduce losses of creditors." May 12, the liquidation team leader Yan Feng told reporters on the Times weekly. Weekly Times reporter found that many small creditors or by Zhejiang Yongkang Seoul for workers Gongxiaozongshe introduce different borrowing, more than one million yuan IOU, mostly from Zhejiang to Seoul Chairman Huang Xun Feng himself out. Huang Xun Feng Huang Liang's son, who also participated in a number of private lending. Huang Xun Feng has been 62 years old this year, has served as director of Yongkang Gongxiaozongshe up to 18 years. "The most detestable is that they even elderly, unemployed workers have to borrow, and even their relatives to borrow. This is not harm them? This is far better than Huang Xun Feng Wu Dongyang qualities of the group." Many creditors think so. Dongyang and Yongkang Jinhua belong. Zhejiang Jinhua whole, the financial conditions, private lending was originally very common,http://hikumano.hama-med.ac.jp, but in Zhejiang as Seoul involving as many creditors directly, or let the local government is very surprised. And so many people willing to lend money to Zhejiang to Seoul, is the value of Yongkang Gongxiaozongshe flagship. Zhejiang glory to Seoul While business information,hogan rebel, Zhejiang as Seoul is a natural person by the 50 companies set up for the shareholders, but it seems most of the creditors, Zhejiang Yongkang Gongxiaozongshe to Seoul and there is something like "two brands, a troops' relations . Both units are building supply and marketing office in Yongkang, many staff worked on both sides, the head of the two units are also Huang Xun Feng (marketing cooperatives retired just a few years ago). Gongxiaozongshe in Yongkang, there has been capital stock will (allegedly the highest capital stock of 150 million Giant), in order to make subordinate working capital purposes, to pay capital stock who can get a lot higher than bank interest rates. Initially, the capital stock will be members of the supply and marketing cooperatives are internal staff, then a lot of the community, but also to lend money supply and marketing cooperatives capital stock will be. The highest annual interest rate reached 8.16%. Some creditor is from capital stock will taste the sweetness, then willingly lend money to Zhejiang to Seoul. Zhejiang as Seoul was founded in July 2000 with a registered capital of 30 million yuan, the shareholders are all Yongkang Gongxiaozongshe workers. Gongxiaozongshe when he was director Huang Xun Feng invested 2.52 million yuan, accounting for shares of 8.4%, becoming the largest shareholder, Huang served as the legal representative of Zhejiang to Seoul, and served as chairman and general manager duties. Zhejiang Seoul after its establishment, the establishment of a number of investment companies to invest in real estate as the focus. Zhejiang to Seoul official website had described the company has Jiande City, east China's Urban Construction Investment Co., Ltd., Ganzhou Seoul for Real Estate Development Co., Ltd., Yongkang Seoul for Real Estate Development Co., Ltd. Zhejiang Wuyi Seoul for four wholly owned or holding subsidiaries shares. In addition, the company in Beijing, Hangzhou and other places, shares of established companies. Zhejiang to Seoul insiders, because the rapid expansion of the company, lack of funds,hogan outlet, Zhejiang to Seoul soon began to get involved in the newly established private loans, monthly interest have added to your account, Bali, one divided into two kinds. By the end of 2005, there are changes after Jiande real estate projects, the company increasingly tight funding, monthly interest rate two points,http://business.mobilepreneur.com, three or more private lending, a great number. But in Zhejiang to Seoul, many insiders opinion, Zhejiang as Seoul shortfall people quite strange. Even if there are a large number of private loans to pay interest, that does not occur more than 400 million yuan of debt. They believe can not be excluded in Zhejiang as Seoul covered securities and futures markets may allegedly son Huang Liang Feng Huang Xun I had to participate in the securities and futures markets. Weekly Times reporter noted, Zhejiang as Seoul has specialized securities information unit,http://tootoo.to, where the company building supply and marketing, there is a business unit of Zhejiang Zhongda futures. December 2004, China Securities Regulatory Commission approved, a wholly owned subsidiary of Zhejiang as Seoul Jiande City, east China Urban Construction Investment Co., Ltd. became Zhejiang Zhongda Futures Brokerage Co., Ltd. shareholders. Since then, the company has mysterious exit of futures shareholder ranks. But this view has not been confirmed by the liquidation group. Liquidation team leader Yan Feng, said he has yet to get the full financial statements in Zhejiang as Seoul, and in some cases he is not yet mastered. Five-star hotel quagmire In the insider view, the first in Zhejiang to Seoul will be dragged into the debt quagmire, it is its large real estate investments in Jiande. In 2002, Zhejiang invested 80 million yuan to Seoul, was established in Jiande City of East China Urban Construction Investment Co., Ltd. (hereinafter referred to as the East China City to vote), start Jiande city center reconstruction project and Datang dock residential projects. Where the former 48-acre,http://keiso-cube.com, which covers an area of 200 acres, are a handful of large-scale projects Jiande. East China city to vote according to their own reports, the company plans to invest over 700 million yuan in Jiande, including five-star international hotel Xinanjiang core of old city transformation project, plans to invest 460 million yuan, of which land transfer would need 1.555 billion. East China city to vote in accordance with the agreement and Jiande City Land Resources Bureau signed in May 2004, because it involves the demolition of the block of land for construction, 3 times delivery; land transfer, also paid in three installments. In October 2005, after a construction period of a year and a half, 20 layers of Hotel smooth cap. At this time, East China City Investment has paid the land transfer 89 million yuan. East China city to vote and do not want to conflict areas Jiande followed: the other requirements to pay the land transfer and then accelerate the demolition, the demolition of a party is required to reach a certain stage, the construction of the hotel and then pay the remaining podium can transfer payments. Each side seems all reasonable, but Xin'anjiang International Hotel project, have become the mess, then no any progress, the local people will regard it as the greatest Jiande "on schedule." Here, Jinhua Park District Datang dock housing project has completed the first and third phases of the development, East China city to vote or over a hundred million in profit on the project. However,louboutin femme, due to the relationship against each other, the second part of the remaining 86 acres of land development was halted, Jiande local banks have suspended lending to the east of the city to vote, East China City Investment capital chain tension then sue. Public information display,http://tuonela.s138.xrea.com/lightbbs/light.cgi?res=5373, as of June 2008, the East China city to vote has defaulted Jiande aspects of enterprise income tax 4,370,000 yuan. According to insiders Jiande City Construction Bureau, Jiande Municipal Finance Bureau has partially Jinhua park garage sale, tax deductible. 3 years later,http://hiroshima-asahi.net/cgi-def/admin/C-002/bbs-1/visit/main.pl?PAGE_NUM=1+Result:+chosen+nickname+%22zoothLoma%22;success;, East China city to vote empty guarding 100 acres of land and uncompleted hotel, we can not start, it would be difficult cash changed hands, a dilemma. Its parent company, Zhejiang as Seoul, pre-has invested heavily burdened with heavy financial pressure, nor a better project for investment, then deeper into the quagmire in private lending. According to sources, in fact,scrape hogan,http://home.beamed.com/search/search.cgi, East China City Investment assets in Jiande, a considerable part has been mortgaged to the usury,moncler femme, 400 million yuan of the huge debt, almost impossible still on. But he did not give up the possibility of Yongkang regard Jiande project to revitalize. April 17, Vice Mayor Yu Fu Yongkang Yongkang was the same government office director home, Yan Feng Yongkang Gongxiaozongshe director, general manager of East China city to vote Weiwu and a property owner Yongkang, together with the city's Deputy Mayor to Jiande Long et al discussion, understand the current situation and problems of Xin'anjiang International Hotel project to explore the possibility of further development. At present, Zhejiang for the Dole Chairman Huang Xun Feng Yongkang has been concerned to take surveillance measures, hundreds of which creditors will receive compensation, is unknown. 

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