These bigwigs had a bad Spring Festival: they were sued and delisted, and some people owed 40 billion
Today's reality is: without sound financial management, no real transactions and flows, no excellent management capabilities, no first-class product quality, no forward-looking ability, no matter what kind of big guy will be beaten back to its original shape.
Author: Li Yinian (Baopu Financial Commentator)
Over the past year, some of the bigwigs have been making headlines, mostly negative headlines, of course.
For example, Zhengwei Wang Wenyin, Baoneng Yao Zhenhua, and Fanhai Lu Zhiqiang, every time they are noticed by the media, they attract ridicule, regret and even angry scolding, and they are becoming more and more low-key and basically do not appear in public.
01 The "World Copper King" was sued by the bank
Wang Wenyin's subordinate company and himself were accused again.
Bank of Guiyang Shuanglong Airport Sub-branch (hereinafter referred to as "Shuanglong Sub-branch") filed a lawsuit with the Intermediate People's Court of Guiyang City, Guizhou Province due to a contract dispute with Guizhou International Commodity Supply Chain Management Co., Ltd. (hereinafter referred to as "Guizhou International"), which was recently accepted by the court.
The defendant, Guizhou International, is a subsidiary of Wang Wenyin, and the amount of compensation claimed by Shuanglong Sub-branch from the company exceeds 1.6 billion yuan. In this case, there are a total of 10 defendants, and Wang Wenyin himself is among them.
The reason is very simple: Guizhou International has not repaid the borrowed money.
The bank doesn't care if you are the "World Copper King" or the "World Gold King", if you don't have the money, you will sue directly.
This is not the first time Wang Wenyin has been a defendant or has been questioned.
On the one hand: Wang Wenyin is a rich man.
According to the "2022 List of China's Top 500 Private Enterprises" released by the All-China Federation of Industry and Commerce, Zhengwei International Group's revenue is about 722.7 billion yuan, ranking fourth among the top 500 private enterprises in China and the first private enterprise in Guangdong Province, followed by Huawei, Tencent, and Country Garden.
According to the official website, Zhengwei International Group ranks 124th in the Fortune Global 500 in 2023 and has been on the Fortune Global 500 list for the 11th consecutive year.
According to the official website of Zhengwei Group, it has "10,000 square kilometers of mining area, 100,000 square kilometers of exploration rights area, and a total value of more than 10 trillion yuan in proven mineral resource reserves" in the world. According to other public reports, Wang Wenyin, the actual controller, owns more than 20 mines in more than 20 countries and regions in North America, South America and Africa, and has a total copper reserve of about 24 million to 30 million tons, so he is also known as the "world copper king".
The assets of the "Copper King" are not only minerals, but also the banking and real estate fields.
On the 2023 Hurun Global Rich List, Wang Wenyin ranks 108th on the Global Rich List with a wealth of 105 billion yuan.
On the other hand, Wang Wenyin seems to be very poor and embarrassed in various court announcements, and whether he has money or not? seems to be a mystery.
Since October last year, Zhengwei Group has been in continuous judicial disputes, and a number of its assets have been frozen and enforced by the judiciary, and this situation will continue after entering 2024.
From January 2nd to 12th, Zhengwei Group added more than 10 pieces of equity freezing information. According to the statistics of China Securities Journal, the total amount of equity of Zhengwei Group's executed target enterprises is as high as more than 140 billion yuan.
On January 5, "Jiemian News" exclusively reported that Zhengwei Huaneng (Shandong) New Material Technology Co., Ltd. has no production orders for a long time, and is in a state of shutdown, and has owed employees three months of wages. The company has decided to temporarily cancel the payment of performance pay for all employees from January 1, 2024, and the resumption time is yet to be determined.
Wang Wenyin seems to be "swimming naked", as long as he pays all the money that should be paid, there will be no problems.
His only trouble may be: no money!
He used to be a good friend of Xu Jiayin.
In September 2017, Xu Jiayin, who moved Evergrande's headquarters to Shenzhen, visited his old friend Wang Wenyin, and Wang gave Xu Jiayin a word: "Emperor Xu's bloodline, family and country feelings, impression of China, extraordinary, cross-border achievements, and far, great life, great nature." ”
At the same time, it is also a Tibetan poem: Xu Jiayin is outstanding and great.
Let's wait for the end of the story together.
02 Oceanwide delisted, a sigh
Lu Zhiqiang, a Beijing tycoon and former richest man in Shandong, is also having a hard time.
On February 7, *ST Oceanwide (Oceanwide Holdings, headquartered in Dongcheng District, Beijing) announced that the company's shares had been terminated by the Shenzhen Stock Exchange and delisted on the same day.
Real estate tycoon Lu Zhiqiang and his single-handedly created "Oceanwide Department" has reached a new level.
Going public is a glory for a company, and being delisted is a sign of shame.
How good was Lu Zhiqiang?
In 2016, the company's assets were close to 200 billion, and its personal wealth was 85 billion, making it one of the top 10 richest people on the list.
Oceanwide has banking, securities, insurance, funds, trusts, futures, leasing licenses, has been crazy to buy equity, including A shares, Hong Kong stocks, US stocks, Australian stocks, a few years to invest in more than 40 companies, including mining companies, home furnishing companies Red Star Macalline, Xifeng wine, but also including Ant Financial, Tencent, 360 and the famous financial media "Economic Observer", Oceanwide has also bought a lot of projects abroad, they plan to in San Francisco, New York, Hawaii built a landmark, bought an Indonesian power plant, and acquired IDG.
In 2016, Oceanwide spent 46.8 billion.
Expansion, financing and expansion, once upon a time, Lu Zhiqiang could do anything.
When Wang Jianlin sold the hotel with a broken arm, he didn't feel anything.
However, with the tightening of various financial regulations, Lu Zhiqiang found that he had no money and could not borrow money, and the depreciation of those financial licenses in his hands was accelerating.
The house leak happened to rain overnight, and the Minsheng Trust under Oceanwide also encountered a scammer.
The scammer Jia Zhihong used gold-clad copper (a total of 80 tons) to pretend to be gold, defrauded 18 billion from 11 institutions such as Minsheng Trust, Dongguan Trust and Chang'an Trust, and spent 7 billion yuan to buy all the shares of Xiangyang Bearing, hoping to toss Wuhan Jinhuang on the market.
In 2020, after the scam was exposed by Dongguan Trust, Minsheng Trust of course also participated in the lawsuit, after all, it lost more than 4 billion.
In June 2020, the Shanghai Gold Exchange issued an announcement announcing the cancellation of the membership of Wuhan Jinhuang Jewelry, the largest gold processing factory in Hubei.
However, so far, the lawsuit has not had a satisfactory ending, and the money from Minsheng Trust cannot be recovered.
This was a hammer to the difficult pan-sea, and the pan-sea giant ship began to sink.
Lu Zhiqiang hoped to sell assets to save himself, but the situation was not satisfactory.
Sun Hongbin bought Oceanwide's 1.5 billion bonds, but he didn't get the money when it expired, so he had to sue Oceanwide, and Shi Yuzhu also sued Oceanwide because of the guarantee of 1.7 billion.
Step by step to today, Oceanwide has finally been delisted.
The former richest man in Shandong has lost his career, and looking at the current state, it is difficult to make a comeback.
Lu Zhiqiang has become the person subject to execution, and the amount involved in the case exceeds 8 billion, and he is restricted from high consumption.
I saw him rise up a tall building, and I saw him collapse.
03 Yao Zhenhua was executed 39.748 billion
The most embarrassing appearance of Shenzhen billionaire Yao Zhenhua in 2023 is that he was near his company, was collected by his former employees, and was thrown to the ground and knocked out his glasses. Most of these employees are former employees of Baoneng Automobile.
Yao Zhenhua's troubles continue:
On February 7, the risk information of Tianyancha APP showed that at present, there are more than 30 pieces of information on the person subject to execution under Yao Zhenhua's name, and the total amount of execution exceeds 40 billion. (Xiaoxiang Morning News)
According to public information, the real estate property certificates of the three pieces of land used by Yao Zhenhua to build the automobile industrial park have been cancelled in early October 2023. These lands are owned by Guangzhou Baoneng Automobile, with a total land area of about 990,000 square meters.
On January 16, the transaction results of Guangzhou Huangpu JLZLG-B-7 plot were announced, which was won by Guangzhou Zhida New Energy, with a transaction price of 865 million yuan.
Since 2017, in the name of making cars, Yao Zhenhua has spent billions of dollars in 6 places including Guangzhou, Kunming, Guiyang, Xi'an, and Kunshan, and won 13 land parcels, covering an area of more than 4.5 million square meters.
In mid-September, Xi'an Xixian New Area announced that an industrial land numbered XXQH-ZL10-03-01 was traded at a price of 608 million yuan. This land originally belonged to Baoneng.
▲The painting workshop in the park of Baoneng Automobile Xixian New Area is sealed. Source: 21st Century Business Review
In April 2022, an official announcement said that the two projects of "Kunming Baoneng New Energy Auto Parts Production Project" and "Qoros Automobile Co., Ltd. (Kunming) Branch Construction Project" were removed on the grounds that construction had not started after 2 years of overdue.
Baoneng's car dream is getting farther and farther away, and the amount of money that Yao Zhenhua and Baoneng are required to enforce by the court is getting higher and higher.
On February 6, a property auction in Fengxian District, Shanghai, ended and failed to be completed because there were no bids. The owner of this property is Shanghai Kaiyue Investment Co., Ltd., formerly known as "Shanghai Baoneng Investment Co., Ltd.", which is a wholly-owned subsidiary of Baoneng Real Estate Co., Ltd. In the past year, many properties under Baoneng have been forced to be auctioned, and many of them have been unsold.
It seems that like Lu Zhiqiang, Yao Zhenhua's road to selling assets to save himself is getting narrower and narrower.
Can Baoneng solve the problem and get back on track?
04 Only by combining all three can you get rich
The times are turning, in the past, with land, finance, and mines as anchors, they can be as stable as Mount Tai, capital is continuous, goods are like rotation, banks are chasing bigwigs, brokerages are chasing bigwigs, and the assets of bigwigs are skyrocketing like astronomical figures.
Today's reality is: without sound financial management, no real transactions and flows, no excellent management capabilities, no first-class product quality, no forward-looking ability, no matter what kind of big guy will be beaten back to its original shape.
Those who dare to increase leverage will die from leverage, and those who dare to flicker will die from flickering, and deception and falsehood are decreasing from the bigwigs.
All the opportunism, rhetoric, and tiger skin as a banner are useless, and reality can make the big guy return to zero in an instant.
This Spring Festival for many bigwigs is not easy.
Everybody is looking at two things: profit and cash flow.
There is no profit without cash flow, and you can't live without profit.
At the end of September 2018, Vanke shouted "live", and now, Vanke is still alive, but Baoneng, who was in the "Wanbao Dispute", is no longer good.
In the movie "Furong Town", Qin Shutian was sentenced to ten years in prison and Hu Yuyin was sentenced to three years. ”
Without resilience, wisdom, and excellent products, some bigwigs and their companies can't see the sun of the future, and it's hard to survive.
In the future, only those who combine stability, pragmatism and wisdom can make a fortune and bless future generations.
Tomorrow is Chinese New Year's Eve, next is spring, the new year begins, may everyone work hard and make a steady fortune.