Opinion Network News: On January 20, Shanghai Construction Engineering Group Co., Ltd. issued an announcement that it filed a lawsuit with the Intermediate People's Court of Guangzhou City, Guangdong Province, because the owner of the Hainan HaihuaDao 1# Island F Marine World Project, Danzhou Changyu Tourism Development Co., Ltd. and its related parties owed the project payment. On January 18, the Guangzhou Intermediate People's Court in Guangdong Province formally accepted the case.
According to the new media, in 2016, Shanghai Construction Engineering and Danzhou Changyu Tourism Development Co., Ltd. signed the "Construction Contract for the Construction Project of Ocean World in Area F of HaihuaDao, Hainan, China", agreeing that Shanghai Construction Engineering would undertake the construction of the Ocean World Construction Project in Area F of HaihuaDao 1# Island, and the tentative total price agreed in the contract would be 1.2 billion yuan. Sea Flower Island Children's World Ocean Paradise has been put into trial operation on September 27, 2021 and has opened for business.
Since April 2021, the operation of Danzhou Changyu Tourism Development Co., Ltd. has been abnormal, delaying the review of the output value of the project progress reported by the plaintiff, and frequent changes in personnel, resulting in no one connecting with Shanghai Construction Engineering on settlement matters.
In order to safeguard its legitimate rights and interests, Shanghai Construction Engineering filed a lawsuit with the Intermediate People's Court of Guangzhou Municipality, Guangdong Province, requesting the court to order the defendant to pay the project payment, overdue interest and related losses of 1,040,164,900 yuan, bear the litigation costs, and confirm the company's right of priority to be reimbursed. The case has not yet been heard, and it is not possible to determine the amount of impact of the lawsuit on the company's profits in the current period or after the period.
According to the new media, Danzhou Changyu Tourism Development Co., Ltd. is 100% owned by Guangdong Meiyi Investment Co., Ltd., and Guangdong Meiyi Investment Co., Ltd. is 100% owned by Evergrande Children's World Group Co., Ltd.
It is understood that the Sea Flower Island project is composed of three independent offshore islands, No. 1 Island is a one-stop international tourist resort integrating "Eat, Stay, Travel, Shopping, Shopping and Entertainment Association Kangwen", and Island 2 and Island 3 are residential functional areas. According to Evergrande Children's World Group, HaihuaDao has invested about 81 billion yuan and has more than 60,000 owners.
It is worth noting that on December 30, 2021, a "Decision on Administrative Penalties (Demolition within a Time Limit) issued by the Danzhou Municipal Comprehensive Administrative Law Enforcement Bureau of Hainan Province", Danzhou Xinheng Tourism Development Co., Ltd. built a total of 39 buildings in the third (sixth) phase of the project of Haihuadao No. 2, Baimajing Town, Danzhou City, with a total construction area of 434,941.46 square meters, due to the illegal acquisition of the planning permit has been revoked, the project violates the provisions of Article 40 of the Urban and Rural Planning Law of the People's Republic of China, according to the regulations, The company is hereby ordered to demolish the above-mentioned illegal buildings on its own within 10 days. If the demolition is not carried out within the time limit, the Enforcement Bureau will organize the demolition according to law.
This article originated from the viewpoint real estate network
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