Singer Xie Xiaodong's real estate was auctioned

The Economic Observer

2024-05-13 20:09Published on the official account of Beijing Economic Observer

Economic Observer reporter Tian Guobao Jingdong asset trading platform information shows that a property in a community in Chaoyang District, Beijing is being auctioned by the judiciary, with an appraisal price of 42.806 million yuan and a starting price of 32.5 million yuan, and the auction deadline is July 8, 2024. The inquiry report shows that the subject matter of the auction is the property in the name of Xie Xiaodong.

According to the auction information, the property is located on the first and second floors of a 27-storey building, with a construction area of 644 square meters, a total of 10 bedrooms, 6 living rooms and 6 bathrooms, and the real estate certificate registration date is July 2013. The current status of the property is "Occupied for Use".

The reason why this property was auctioned was that Tianjin Yuanlisheng Trading Co., Ltd. (hereinafter referred to as "Yuanlisheng Company") and City Ideal (Beijing) Cultural Investment Co., Ltd. (hereinafter referred to as "City Ideal Company"), Xie Xiaodong and Wu Jie had a private loan dispute, and the enforcement agency was Tianjin Xiqing District People's Court (hereinafter referred to as "Xiqing Court").

According to the legal document (2023) Jin 0111 Zhihui No. 1073 issued by the Xiqing Court in June 2023, City Ideal Company defaulted on the loan of 29.4811 million yuan owed to Yuan Lisheng Company, and Xie Xiaodong and Wu Jie were jointly and severally liable for the principal and interest of the loan, so they became the executors, with an execution amount of 28 million yuan.

Xie Xiaodong is one of the founders of City Ideal Company. In May 2005, Xie Xiaodong and Beijing Yibao Investment Management Co., Ltd. jointly established Dongfang Wa (Beijing) International Investment Co., Ltd. (renamed City Ideal Company in 2011). In October of that year, Beijing Yibao Investment Management Co., Ltd. withdrew, with Xie Xiaodong and Xie Xiaowei holding 51% and 49% of the shares respectively.

At the end of May 2011, Xie Xiaowei transferred the equity of City Ideal Company to Xie Xiaodong and Wu Jie respectively. After the completion of the transfer, Xie Xiaodong holds 90% of the shares and Wu Jie holds 10% of the shares. In September 2015, in order to be listed on the New Third Board, City Ideal Company successively introduced a number of strategic investors, with a total of 10 shareholders, Xie Xiaodong held 21.17% of the shares, and Wu Jie held 12.41% of the shares.

In June 2016, City Ideal Company officially landed on the New Third Board. In 2016, it made a profit of 16.4 million yuan, suffered a loss of 15.59 million yuan in 2017, did not release a financial report in 2018, and was delisted in June 2019.

The introduction of Xie Xiaodong in the listing information of City Ideal Company is: during the SARS epidemic in 2003, he sang "Brothers and Sisters" with Na Ying, and in 2010, he composed the theme song "Sunshine of Life" for the Sunshine of Life Pavilion of the Shanghai World Expo, and served as a visiting professor of Anhui Provincial Academy of Arts. This information is consistent with singer Xie Xiaodong.

In 2004, Xie Xiaodong partnered with Na Ying, Gao Feng and others to open a restaurant in Beijing's East Third Ring Road. In addition, Xie Xiaodong also has a number of companies such as Beijing Xisaodu Culture and Entertainment Co., Ltd. under his name.

City Ideal is engaged in the business of music festivals and artist management, and has three major brands: Dream Sonic, East Side Story D•Live and Young Pioneer. According to the information in the annual report, City Ideal Company has held ideal music festivals in Beijing, Shanghai, Datong and Sanya, and hosted the Pinggu Music Festival.

According to the industrial and commercial registration data, at present, Xie Xiaodong is the actual controller of City Ideal Company, directly and indirectly holding a total of 36% of the shares, and Wu Jie holds a total of 18.16% of the shares. The chairman of the board of directors of the city ideal company is Xie Xiaodong, and the legal representative and general manager are Xie Zhenhan, Xie Xiaodong's father.

The Economic Observer Network was unable to contact Xie Xiaodong to respond, and the phone number of the City Ideal Company was not answered.

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