**: Spy Finance (ID: Spy Finance).
Won the case in the first instance!Just now, the result of a contract dispute lawsuit in Zheshang Bank has landed.
According to the announcement of Zheshang Bank, the Nanjing Intermediate People's Court has rendered the (2023) Su 01 Min Chu No. 1237 Civil Judgment, and the defendant 1 "Wuhan Fasco Energy Technology Co., Ltd. shall pay the transfer price of 315.7 billion yuan and corresponding liquidated damages.
In addition, Defendant 2 Ji Changqun, Defendant 3 Xia Guihua, and Defendant 4 Hong Qinghua are jointly and severally liable for Defendant 1.
In addition to the joint and several guarantees of the above three natural person defendants, the Nanjing Branch of Zheshang Bank has the right to hold 100% of the equity of Wuhan Fasco in respect of Ningbo Shimeng Paikang Enterprise Management (4200 million shares), Hong Qinghua pledged "Shanghai Flying Donkey Bay" 782% equity, Ningbo Meishan Bonded Port Zone Zhejing Equity Investment Partnership pledged "Shanghai Feidon Bay" 4387% of the proceeds from the auction and sale of the equity enjoy the priority of compensation.
In February this year, Shanghai Scenic Culture has been renamed "Shanghai Flying Donkey Bay". Secret Agent Finance learned more about this case and also found thatThe key behind this is the "Scenic Donkey Mother Tourism".
At the beginning of 2017, the "Jingyu Culture" located in Shanghai was delisted from the market, nearly 1 year after its listing at the end of 2015, due to the halo of "China's first self-guided tour O2O share", although it continued to lose money, it could not stop the capital enthusiasm, and successively won Fengsheng Holdings, Huace Film and Television, Murahua Zhongjing and other war investment 11800 million yuan.
According to the ** report at the time, Hong Qinghua, the boss of the Jingyu Department, said through an internal letter, "The purpose of this application to terminate the listing is to be bigger and farther, and to gather with the capital platform in another form in the near future."
The online part of the main business of "Scenic Culture" provides a full range of booking services for travelers with the self-guided tour of donkey mothers, and also guides visitors to offline scenic spots and destinations, and the offline part mainly relies on Qichuang design and scenic tourism development and marketing, etc., to provide one-stop operation services for tourism development in various places.
At that time, the hot "scenic culture" was delisted from the market, and after Hong Qinghua's prospect depiction, it ignited more conjectures in the tourism capital industry, and it was inferred according to the exclusion method that the most likely new listing place was the Hong Kong Stock Exchange.
Against this background, in April 2017, Nanjing Branch of Zheshang Bank and Zhejin Trust entered into the "Zhejin Tianmu No. 9 Single Fund Trust Contract", entrusting it to set up a single fund trust and subscribe for the LP share of "Ningbo Meishan Bonded Port Zone Zhejing Equity Investment Partnership (Limited Partnership)" with a trust period of 36 months.
Zheshang Bank announced that the Nanjing branch invested nearly 29 percent of the trust plan funds "according to the agreement".2.5 billion yuan, Zhejin Trust also subscribed for the LP share of the above-mentioned "Zhejing Equity Limited Partnership" in accordance with the agreement.
In July 2017, Jingyu Group made a rare adjustment to its structure and established three new secondary groups: "Destination Operation Group, Donkey Mother Group and Tourism Smart Economy Group".
In October of this year, Shanghai Jinjiang planned to 9700 million yuan publicly listed** its holdings of scenic culture of about 1619% equity, if it can be sold, it will be completely withdrawn. According to the Daily Economic News, the person in charge of Jingyu Cultural Information said that there will be capital actions in the follow-up, which are being designed.
Xinmin Evening News published an article saying that Ma Mingju, then vice president of Jinjiang Group, said that this move was to support the development of Jingyu in a larger capital market, and would still maintain close capital cooperation with Jingyu in the future. According to an article published by Yicai**, Jinjiang's move may pave the way for donkey mothers to go public in Hong Kong.
At that time, the three major shareholders of Jingyu Culture were Ningbo Meishan Bonded Port Area Zhejing Equity Investment Partnership, holding 57143%, founder Hong Qinghua holds 166986%, Jinjiang holds 161892%。
In June 2018, Jingyu Group once again adjusted its structure and merged the three secondary groups established in the last round, namely Donkey Mama Tourism Group, Smart Tourism Group and Destination Operation Group, into Donkey Mama Group, and the atmosphere of preparation for listing is getting stronger.
One year later, the Nanjing Branch of Zheshang Bank signed the Trust Beneficiary Rights Transfer Contract with Wuhan Fask, stipulating that Wuhan Fasco should transfer the trust beneficiary rights under its trust plan, and Wuhan Fasco should transfer the beneficiary rights of the trust plan and pay all the transfer money on the agreed transfer date.
Attention!As one of the additional conditions, Hong Qinghua and three other natural persons provided guarantees for the above-mentioned transfer of trust beneficiary rightsAs an additional condition, Hong Qinghua will hold Shanghai Feidon Bay 782% equity, "Zhejing Equity Limited Partnership" holds 438683% of the equity was pledged to Nanjing Branch and 100% of Wuhan Fasco was pledged to Nanjing Branch of Zheshang Bank.
What is strange is why Zheshang Bank suddenly transferred the beneficiary rights of the trust?
From the perspective of equity structure, Wuhan Fasco and its parent company have no relationship with Hong Qinghua, the boss of Jingyu Group, but Hong Qinghua "made both a guarantee and a pledge guarantee" for the transfer of trust beneficiary rights. "Zhejing Equity Limited Partnership" also bet on Shanghai Feidon Bay 438683% equity for Zheshang Bank to transfer the trust beneficiary rights for credit enhancement.
Unfortunately, after the expiration of the payment date for the transfer of the beneficiary rights of the trust, Wuhan Faske did not perform the contract. Here,I can't help but ask, why Wuhan Faske has not been transferred?
Actually,The reason why "Zhejing Equity Limited Partnership" invested in "Shanghai Fliggy Donkey Bay" is to take a fancy to its development prospects, hoping that it will be listed as soon as possible and realize the exit of private equity at a high premium.
The subsidiaries of "Shanghai Flying Pig Donkey Bay" include Ganzhou New Power Investment Management Partnership (Limited Partnership), Zhongbang Financial Holdings, Shanghai Flying Donkey Bay Tourism and Culture*** and Shanghai Scenic Tourism Development***
Among them, at the end of 2017, with the withdrawal of its shareholder Nanjing Xinhongsheng Asset Management Co., Ltd., Zhongbang Financial Holding introduced Jingyu Culture, Nanjing Han's Solar Energy Technology Co., Ltd. and Jiangsu Yide Group on the basis of the original shareholders "Ningbo Daxie Kunwen Investment Management Partnership (Limited Partnership), Nanjing Fengsheng Han's Technology Co., Ltd., and Zall Holdings".
Attention!Zall Holdings is also the largest single shareholder of Wuhan Zhongbang Bank, accounting for 30% of the shares, and Wuhan Faske is also an important shareholder holding 10% of the shares of Wuhan Zhongbang Bank.
The main company of Shanghai Fei Mu Wan Tourism Culture *** involves Shanghai Fei Don Bay International Travel Agency, which mainly invests in Zhengzhou Donkey Mother Travel Agency, Shanghai Donkey Mother Technology Company and Shanghai Donkey International Travel Service.
In June this year, 100% of the equity of Zhengzhou Donkey Mother Travel Agency was frozen by Henan Jiaozuo Intermediate Court for 3 years. In mid-December this year, the Jiaozuo Intermediate People's Court announced (2023) Yu 08 Zhi No. 157,Shanghai Donkey International Travel Service Zhengzhou Branch and Shanghai Donkey International Travel Service should repay the loan principal of Zhongyuan Bank Jiaozuo Branch within the prescribed time limit240.6 billion yuan and interest, compound interest, etc.
In November this year, Huaxia Bank Shanghai Branch sued Shanghai Feidingwan International Travel Agency, Shanghai Feidingwan International Travel Service, Shanghai Donkey International Travel Service, and Shanghai Feidingwan Tourism and Culture Company on the grounds of a loan contract dispute, case number (2023) Hu 0115 Min Chu No. 86649.
Based on this, Shanghai Feidon Bay has also become a judgment defaulter, involving 537 articles of its own risks, 348 judicial interpretations, and 70 articles of litigation relationships. This is just a silhouette of Shanghai's Flying Donkey Bay.
As stated in the announcement of Zheshang Bank, it has made a full provision for losses in this financing, and it is expected that the lawsuit will not have a significant impact on its current or future profits.