daily economic news
01-21 12:06
On January 20, Minsheng Bank announced that the Beijing branch of the bank has invested in Wuhan Central Building Development and Investment Co., Ltd. (hereinafter referred to as “Wuhan Central Company”), Wuhan Central Business District Co., Ltd. (hereinafter referred to as “Wuhan Central Company”), Oceanwide Holding Co., Ltd. (hereinafter referred to as “Oceanwide Holdings”) and Lu Zhiqiang filed a lawsuit.
At present, the case has been filed and has not yet been heard in court. The case involves a financial loan contract, and the amount involved includes: the principal of the loan is RMB 3.972 billion and RMB 3.046 billion, and the corresponding interest, penalty interest, and interest and penalty interest until the date of actual repayment, and the realization of creditor’s rights and security rights All fees.
Minsheng Bank claims more than 7 billion yuan
The facts of the case are that in June 2018, Wuhan Center Company signed the “Fixed Assets Loan Contract” with Beijing Branch of Minsheng Bank. The guarantee method is the mortgage of the land and construction in progress of the Wuhan Center project, and the guarantee of Oceanwide Holdings and Lu Zhiqiang.
In March 2020, Wuhan Central Corporation and Minsheng Bank Beijing Branch signed the “Fixed Assets Loan Contract”. The contract stipulated that the loan amount was 3.066 billion yuan, and the principal owed was 3.046 billion yuan. The way of guarantee is the mortgage of five pieces of land under the name of Wuhan Central Company, Oceanwide Holdings and Lu Zhiqiang’s guarantee.
Because Wuhan Central Company and Wuhan Central Company failed to fulfill their repayment obligations in accordance with the relevant contract signed by both parties, Minsheng Bank Beijing Branch sued Wuhan Central Company, Wuhan Central Company, etc. in the Beijing Financial Court.
According to Minsheng Bank’s 2022 third-quarter report, among the top ten tradable shareholders of the bank’s A shares, China Oceanwide Holdings Group Co., Ltd. (hereinafter referred to as “Oceanwide Group”) ranked fifth, accounting for 5.0848% of the bank’s tradable A shares . In the third quarterly report of Oceanwide Holdings (SZ000046, stock price 1.35 yuan, market value 7 billion yuan) in 2022, Oceanwide Group is the largest shareholder of Oceanwide Holdings.
The legal representative of Oceanwide Group is Lu Zhiqiang. Information on the official website shows that China Oceanwide Holdings Group was founded in 1985, and the founder, legal representative and chairman of the group is Lu Zhiqiang. Lu Zhiqiang is also the vice chairman of China Minsheng Bank.
In addition, Lu Zhiqiang was once an “evergreen tree” on the list of the richest people, occupying the position of the richest man in Shandong all the year round. On the 2020 Hurun Report, Lu Zhiqiang ranked 66th with a net worth of 62 billion. Times have changed, and in the “2022 Hurun Rich List” released by the Hurun Research Institute, Lu Zhiqiang has not been included in the top 100 list.
Lu Zhiqiang, video screenshot
Oceanwide Holdings lost 2.2 billion yuan in the first three quarters of last year
Just the day before the Civil Commercial Bank announced the above-mentioned lawsuit, Minsheng Bank also disclosed that the 1.7995 billion Minsheng Bank’s tradable A shares held by Oceanwide Group were waiting to be frozen, accounting for 4.11% of the bank’s total share capital.
As of January 19, Oceanwide Group and persons acting in concert held 5.83% of the total share capital of Minsheng Bank, of which the pledged shares accounted for 99.86% of the shares of Minsheng Bank held by Oceanwide Group and persons acting in concert; The frozen shares accounted for 70.46% of Minsheng Bank shares held by Oceanwide Group and its concerted parties.
In fact, Oceanwide Holdings has sunk into losses. Oceanwide Holdings’ third quarterly report for 2022 shows that the company’s total operating income was 8.873 billion yuan, a year-on-year decrease of 37.06%; the net profit attributable to the parent was -2.24 billion yuan, a year-on-year decrease of 25.05%.
In December 2022, Oceanwide Holdings issued a “Major Litigation Announcement”, stating that the company and its holding subsidiaries were sued by the Beijing West Third Ring Branch of the Agricultural Development Bank, involving an amount of about 1.628 billion yuan.
Oceanwide Holdings also announced on December 27, 2022 that the actual balance of external guarantees by the company and its holding subsidiaries was approximately 48.601 billion yuan, accounting for 840.15% of the company’s audited net assets on December 31, 2021.
On November 2, 2022, Oceanwide Holdings issued the “Announcement on the Freezing of Part of the Company’s Assets”. The Beijing Second Intermediate People’s Court froze the 45% equity of Wuhan Central Business District Operation and Development Co., Ltd. Xinghuo Real Estate Development Co., Ltd. invested 289.6 million yuan in equity.
On October 24, 2022, another holding subsidiary of Oceanwide Holdings sold assets with a target consideration of 916 million yuan. According to preliminary calculations, this transaction caused Oceanwide Holdings to generate a loss of about 330 million yuan.
Source of this article:daily economic news (ID: nbdnews), original title: “Burst! Minsheng Bank sued the vice chairman and his company, claiming more than 7 billion yuan in compensation”
Risk Warning and Disclaimer
Market risk, the investment need to be cautious. This article does not constitute personal investment advice, nor does it take into account the particular investment objectives, financial situation or needs of individual users. Users should consider whether any opinions, opinions or conclusions expressed herein are applicable to their particular situation. Invest accordingly at your own risk.
