After being exposed to debts of more than 1.6 billion yuan and being filed for bankruptcy reorganization, recently, Nanjing's local real estate company, Nanjing Longjin Real Estate Development Co., Ltd., was hit again, this time, it was a pawn dispute.
01
The starting price is over 10 million!
Seven properties in Liuhe commercial landmark were sold
Recently, Nanjing Longjin Real Estate Development Co., Ltd. (hereinafter referred to as "Longjin Real Estate") was forced by the court due to a pawn dispute, and 7 sets of shops under its name were sold off......
These shops are located in Amethystum Future City, a commercial landmark in Liuhe Xiongzhou, with a total construction area of about 460.09 square meters, a total appraisal price of 14.37 million, and an overall starting price of 10.0005 million, which is equivalent to a 7% discount, and will be auctioned at 10 o'clock on May 13, 2024.
According to the report, the land use of these shops is commercial land, and some of them are in a rough state, which has been seized by the People's Court of Yangzhou Economic and Technological Development Zone.
It is worth mentioning that the page of this auction also previews the time and price of the second auction. "If the subject is to be auctioned twice, if the auction is concluded, the subsequent auction will be automatically cancelled, and if the auction fails, the next auction will be continued. "The price of the second auction is 20% off the basis of the first auction, and the time will start at 10 o'clock on May 30, 2024.
Tianyan check shows that due to pawn disputes, Yangzhou Huibao Pawnshop Co., Ltd. sued Longjin Real Estate and other companies. In the end, the court listed Nanjing Longjin Real Estate and other companies, Feng Yuanqing, Feng Zhiqiang and others as the persons subject to enforcement, and the subject matter of enforcement was 10312786 yuan.
Some industry insiders pointed out that pawnshop financing can meet the short-term capital needs of enterprises, with zero requirements for corporate credit, and the financing cost is very high, usually with an annual interest rate of 30-40% or higher.
02
The debt is over 1.6 billion!
Longjin Real Estate was filed for bankruptcy liquidation
Founded in 2004, Longjin Real Estate has developed well-known commercial landmarks in Liuhe, such as Happy Harbor and Amethyst Future City.
Last year, Longjin Real Estate was filed for bankruptcy liquidation due to its failure to pay off its debts due. Tianyan check shows that Jiangsu Yonghui Supermarket Co., Ltd. applied to the Nanjing Liuhe District People's Court for bankruptcy liquidation of Longjin real estate on the grounds that it could not pay off its due debts and obviously lacked solvency.
In the end, the court ruled that Jiangsu Yonghui Supermarket Co., Ltd.'s application for bankruptcy liquidation of Nanjing Longjin Real Estate would not be accepted. The court held that although Longjin Real Estate could not pay off its debts due and was unable to repay them in full, on the one hand, Longjin Company owed Yonghui Supermarket about 76.53 yuan in debt, which was relatively small compared with the overall asset scale of Longjin Real Estate, and on the other hand, Longjin Real Estate was still in normal production and operation. During the bankruptcy review of the court, Longjin Real Estate was willing to repay the debts of all creditors, especially Yonghui Supermarket, and put forward a clear debt repayment plan. With the exception of Yonghui Supermarket, its business reputation is sufficient to convince most creditors that it has the ability to repay.
The above-mentioned legal documents also disclosed the liabilities of Longjin Real Estate.
The ruling shows that Longjin Company
Tianyancha shows that at present, Longjin Real Estate is listed as a dishonest person subject to execution, a person subject to execution, and a restriction on high consumption, with a total target of 560 million yuan and a tax arrears of about 53.86 million yuan.
Due to the tax arrears of Longjin real estate, some buyers are unable to apply for real estate certificates.
Last year, some netizens reflected on the leadership message board: In April 2018, the full amount was paid, but the relevant departments and the developer of Longjin Real Estate Company in Liuhe District shirked the refusal to give the purchase invoice for various reasons. In view of the above situation, the relevant departments of the district government have interviewed Longjin Real Estate and asked the development company to issue invoices to the tax department as soon as possible, so that you and other demolition households can receive the purchase invoices as soon as possible and register the real estate certificate.
In addition, last year, a number of commercial units in Liuhe Happy Harbor were also put on the legal auction rack, involving debts of more than 100 million.
What is the follow-up situation of Longjin real estate and whether the debt can be successfully resolved?
Source | Ali Real Estate, Xici Real Estate, Tianyan Check, etc