⭐ In order not to find us:
●●●1●●●Zhang Yuliang, chairman of Greenland Group, Greenland Group, who was reported in May 2023 to "restrict high consumption", said in his 2024 New Year's message:
In this is a cohesive, overcoming difficulties, and endless green space. Unexpectedly, just a few days after speaking, Greenland's employees jumped out and disagreed: 24 former employees and employees of Greenland Central Plains Division jointly reported Shanghai Greenland Group and its leaders to the Shanghai Municipal Commission for Discipline Inspection and Supervision with their real names.
According to the original text of the report letter, a brief summary of the Greenland violations reported by Greenland employees: 1. Greenland Group violated the rules to force employees to raise funds to buy employee shares; 2. No money? It doesn't matter, the company violates the rules to give you a loan; 3. Want to withdraw, want to return the principal? Sorry to settle the interest first, the employee stock price has fallen below 1 yuan, which is not enough to repay the interest......
●●●2●●● Xiang used to be a supplier who has cooperated with Greenland Central Plains for many years, and talked to him about Greenland, he gritted his teeth, and the light in his eyes dimmed: "Greenland doesn't owe me anything now, but for my work, one set was sold at a loss of more than 1 million, and there are two sets of undelivered ......" In the first two years, Greenland had cash flow difficulties, and almost all Party B payments in the Central Plains Division were suspended, and some were replaced into houses, some were parking spaces or storage rooms, and only 80% were replaced, and the remaining proportion was cash. These work-to-house houses are either Greenland Park City outside the Fourth Ring Road, and more have been replaced by the more remote Greenland Qinshui Town in Xinmi, which is still being delivered.
The employees who work in Greenland are also very sad: Greenland South China Division has held a number of marketing oath meetings, requiring all employees to participate in full marketing, requiring 1 set of basic employees, 2 sets of supervisors, 3 sets of managers, and 1500 yuan/set of sales will not be deducted...... Xiao Yan (pseudonym), who is located in the Southeast Business Department, told me that they have not paid wages for 3 months, and the provident fund has not been paid for 9 months, but the most painful thing for employees is still to take out all their belongings to participate in the stock ownership plan, they have not received dividends for several years, and now it is more likely that they have lost their money. ●●●3●●●As early as July 2019, Greenland Group issued the Notice on the Implementation of the < of the "Rich Plan" > for Employees of Greenland Group (Hu Lv Fa [2019] No. 97), requiring all management cadres to purchase shares that hold no less than the specified amount of shares in the employee stock ownership platform.
Among them, middle-level principal positions (including deputy positions in charge of work) and above should all increase their holdings to no less than 3 million shares by the end of 2021, and all three-level management cadres at the director level and above should increase their holdings to no less than 600,000 shares. The additional funds can be completely self-raised, or they can be supported by the group according to the ratio of 1:1. Greenland Group provides loans to employees, and issues loans to employees in the name of Greenland Partnership, a shareholding platform, so that employees can leverage their shareholdings in mixed-ownership enterprises.
That is, it doesn't matter if you don't have money, Greenland lends you money to force participation. At the mobilization meeting, the leaders of the Central Plains Business Department gave a special example that Hu, a veteran employee of Greenland who was the deputy general manager of Greenland Health Care Group at the time, had been dismissed and dismissed by the group because he refused to implement the document. In order to implement the "Rich Plan", for some employees who have not agreed to hold shares as required, the employee's immediate supervisor, the superior's superior, and the chief financial officer who is responsible for the implementation of the work are put under pressure in turn until the required shareholding is required. According to the previous whistleblower letter, according to the "Rich Plan", the 24 whistleblowers, as the third-level management cadres of Greenland Group, must purchase no less than 300,000 shares, with a total amount of 9.4829 million yuan, and accept a total of 9.0839 million yuan in loans. As a result, there are no less than 300,000 shares (3,000 shares) per person displayed on the employee stock ownership platform, totaling 6.98 million shares (69,800 shares). But all the employees who "borrowed" did not receive a penny, nor did they get the loan agreement signed and sealed by both parties. When the employee has questions, they say that they help you buy stocks directly. Another violation is "escrow". In order to complete this compulsory fund-raising and shareholding, the leaders of Greenland Group appointed a nominee holder for each business unit, so that he could hold shares instead of many employees, so as to circumvent legal restrictions. The Zhongyuan Business Department held the shares of 23 people on behalf of Xu Mou, the assistant general manager of the business department at the time, and the same situation also existed in more than a dozen other business divisions of Greenland Group. The employee stock ownership platform has four trading opportunities per year, and the whistleblower bought the shares at a price of 2.66 yuan per share in October 2019. Since January 2020, the trading price of the shares has changed to 2.7 yuan per share, and the stock price has remained at 2.7 yuan per share until 7 transactions in July 2021. However, after the third quarter of 2021, when they were full of hope to sell the shares at a price of 2.7 yuan per share to get back the investment money, the transaction price was set at 1 yuan per share. After several rounds of mediation, at the beginning of 2023, Greenland Group promised that employees with shareholding could reduce their holdings by 10% of the total number of shares at a price of 3 yuan per share, and the reduction price would be paid in three installments. Each of them got 27,000 yuan, and they thought there was hope, but Greenland stopped paying it again, because Greenland told them to pay back the interest on the allotment first, and after calculating, they still owed Greenland money.
In this way, the shares exchanged for each person's actual capital contribution plus the so-called allocation of 798,000 yuan are only worth 300,000 yuan at this price, with a floating loss of nearly 500,000 yuan. All the employees wanted to cry without tears: not even enough to repay the allotment. Until the beginning of this year, Greenland Group notified everyone to deduct the interest on the allocation before continuing to pay, but if the interest is deducted, not only can they not get the principal, they may also owe Greenland money. The employees said that at the end of the whistleblower letter, the whistleblower asked Zhang Yuliang three times: How can you bear the forced purchase of shares and bear a high amount of loans? The people who allocate funds are all low-level managers, and they are all life-saving money, can you eat steamed buns with human blood? Compulsory shareholding, no return of investment funds and no dividends, let employees bear the responsibility of twice the principal, and force employees to die? Interestingly, when the author showed the report letter to Mr. Xiang, he was happy: The whistleblower XX of the Central Plains Business Department was the one he had talked to me about at that time.
In response to the above problems, Greenland Group told the media that in recent years, under the superimposed influence of multiple factors such as economic downturn and industry regulation, the real estate industry has entered a deep adjustment cycle, and the capital market has also seen a decline for more than three years. Many companies, including Greenland Group, have seen a sharp correction in stock prices. In this context, Greenland Group's reform practice of employee stock ownership is objectively facing some new situations.
Greenland Group said: "The company attaches great importance to the shareholding-related issues reported by some departing employees, and will fully communicate with each other in a realistic manner and make every effort to properly deal with them." ”
We also hope that the problem will be resolved soon.
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