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Text |Zebra Consumption, Author |Shen Tuo.As soon as he entered 2024, Yao Zhenhua had to go to the court again.
Qoros Xi'an Company, a subsidiary of Baoneng, should pay Ruisong Technology an equipment purchase of less than 40 million yuan, and after 4 years and 3 trials by the courts of the two places, it will continue to pass the court in Luohu District Court of Shenzhen.
If a few years ago, this money was just Yao Zhenhua's pocket money with a net worth of 100 billion. This time is different from the past, and it is still difficult for Boss Yao to have it at hand.
Burdened with huge debts, he will still appear in the office on time, in addition to drinking some Moutai in his usual life, the biggest hobby of this Chaoshan boss is work.
But he is not a qualified boss, and he has been "missing" twice, which has made the hearts of creditors rise to their throats;Chased and beaten by employees in arrears on the street;was easily handled by the high-tech security guards of Zhongju, and the barbarians of the past would also fall into Pingyang.
Throughout 2023, he has been moving around in huge debt. But in the end, it still lost control of Zhongju High-tech and Shaoneng shares, and Baoneng's business empire was crumbling.
In 2023, the gears that decided Yao Zhenhua's fate seem to have reached the point where it is difficult to turn, and the oolong who was "missing" twice has pushed him to the forefront.
Sorting out the origins of these two oolongs, without exception, originated from the court's announcement - Yao Zhenhua could not be contacted, and then rumors of his "whereabouts unknown" were rampant.
The first "whereabouts unknown" came from the announcement of the Guangzhou Intermediate People's Court in mid-March. In this 700 million yuan loan dispute between Bank of Guangzhou and Yao Zhenhua and Baoneng's three enterprises, the court could only announce the service of Yao Zhenhua because Yao Zhenhua's "whereabouts are unknown".
Ordinary people can't imagine the weight of these four words, which caused an uproar in the capital market, financial field and business circles in Guangzhou and Shenzhen at that time.
In recent years, it is not uncommon for business owners to run away, disappear and go missing, and their "disappearance" has triggered a series of chain reactions.
Huang Qisen of Tahoe Group and Zhu Yicai of Yurun Food were taken away for investigation, and Zhang Yuanlin, the boss of Xinli Holding Group, withdrew from the group and disappeared, all of which caused large fluctuations in stock prices, and the fate of the company immediately fell into a trough.
Yao Zhenhua became famous in his early years by raising Vanke, and his business area continued to expand, outlining a huge Baoneng business empire. He can climb to the top of the Imperial Tower, creditors, ** merchants, etc., are all stepping stones.
As soon as the Guangzhou Intermediate People's Court announced it, it immediately aroused the vigilance of all parties. Until March 22, Baoneng Group's official Weibo disclosed that Yao Zhenhua inspected the work at Baoneng Automobile's Shenzhen factory, and a number of on-site ** were also distributed. That night, Yao Zhenhua stood in front of CCTV's financial camera to respond exclusively, and said that he had reached a settlement with the Bank of Guangzhou, which eliminated the concerns of all parties.
However, 8 months later, Yao Zhenhua was again "missing".
On November 7, 2023, a "Notice of Verification Results" issued by the Luohu District Court of Shenzhen stated that because the current whereabouts of the person subject to enforcement, Yao Zhenhua, could not be effectively notified to appear in the hospital for investigation.
The notice is a labor and personnel arbitration case, which was filed in August last year, and the subject amount of enforcement is 44030,000 yuan, Yao Zhenhua has no property in his name that can be executed.
Three days later, Baoneng Group's official website posted a statement, saying that Yao Zhenhua was working normally.
In 2023, the real estate industry will resolve its debts, and most of the companies will cross the river with mud bodhisattvas. Sunac China passed through debt extension, Country Garden smashed the pot and sold iron, and more real estate companies won a glimmer of life through debt restructuring. Yao Zhenhua has been deeply involved in real estate, equity investment and automobiles for many years, and the situation is even worse.
As early as October 2021, Baoneng Group revealed for the first time that there was a liquidity gap of about 20 billion yuan, including 834.9 billion yuan, 2.6 billion yuan of outstanding project funds, and 8.5 billion yuan of operating funds and due principal and interest.
At that time, Yao Zhenhua's debt reduction measure was to sell assets, that is, through the sale of real estate projects, as well as 8 major assets**, to alleviate liquidity pressure.
56 luxury houses in Baoneng City, his fortune project, were put up for auction, and 484 luxury houses with a mortgage value of 5.4 billion yuan were also forced to be auctioned.
Many years ago, during the Baowan dispute, Yao Zhenhua, who was proud of the spring breeze, received messages from many Chaoshan businessmen - he needed support, just open his mouth. When I really wanted to speak, I was snubbed in front of the door.
What Yao Zhenhua didn't expect was that the idea of being satisfied with the idea of brewing a good bottle of soy sauce also came to naught.
Since July 2022, Zhongju High-tech (600872SH) The second shareholder of the torch system began to **, and the controlling shareholder position of Zhongshan Runtian was approached step by step.
Affected by the liquidity of Baoneng, Zhongshan Runtian's Zhongju High-tech shares continue to be passive, and as of now, the proportion of shares held is only 782%, and all of them are in the state of judicial marking judicial freeze waiting for freezing.
In the face of the ** of the torch system, Zhongshan Runtian has no power to resist. In July last year, Yao Zhenhua personally came forward to raid Zhongju High-tech, but was also turned away by the security guards.
The torch system regained control that had been lost for 8 years, and Yao Zhenhua also learned the taste of backstabbing. Baoneng Group issued a statement on its official website, pointing out that Li Jian, the deputy general manager in charge of human resources and administration of Zhongju High-tech, was blatantly derelict in his duties, and he instructed the property management department to deliberately cut off power and drive three senior executives of Baoneng out of the office.
Li Jian has worked in Qianhai Life Insurance of Baoneng Department for many years, and entered Zhongju High-tech in 2019, and was once considered to be an important figure in Baoneng's department deeply inserted in soy sauce.
After losing the right to speak in Zhongju High-tech, Yao Zhenhua suffered another accident. On the morning of July 31 last year, in the parking lot of Shenzhen Baoneng Center, he was beaten up by employees with unpaid wages on the street, and his glasses were knocked out. In the lens, on the window of a black Mai**, an A4 paper with the words "pay me back" is also pasted.
Since then, Yao Zhenhua has never appeared in the public eye.
During the dispute between Baowan, Feng Lun, the head of the six gentlemen of Wantong, once arranged for Yao Zhenhua and Wang Shi to meet, and the two sides finally broke up. From the entanglement between the two in matters and interests, Feng Lun still saw the essence. He said that no matter how good people are, they have to worry about how to end up.
This sentence is also so appropriate for Yao Zhenhua today.
Now, his business genes of Chaoshan businessmen who dare to gamble have been completely converged, and the image of a barbarian only exists in public reports in the past.
For a long time, Yao Zhenhua was quite low-key, and someone even saw him sitting on a red plastic stool in a rice noodle shop in Shenzhen, burying his head in eating a bowl of ordinary noodles.
In the early days, through the development of vegetable markets and China Hong Kong City, Yao Zhenhua and Yao Jianhui brothers dug the first pot of gold. Later, the conquest of the capital market, the transformation of car manufacturing, and even the large-scale enclosure of land were the inevitable crises of Baoneng.
In the period of loose liquidity, the way to attack the Quartet can earn a lot of real money**, once the monetary tightening, you have to pay a huge price for this gamble.
Yao Jianhui is actually not very optimistic about Yao Zhenhua's high-flying tactics, he prefers to work step by step, steady development and slow money, so the brothers have been at odds for a long time.
At the beginning of 2021, the Yao brothers parted ways. Yao Jianhui took away the real estate platform Baoneng Holdings, and then put the business into Baoxin Land (00299.).HK), fortunately escaped the liquidity crisis of the Baoneng system.
Within one year, Yao Zhenhua successively lost control of Zhongju High-tech, Shaoneng and other companies, and the shares of listed companies such as OCT A were also constantly cashed out to repay debts. So far, Baoneng has not publicly disclosed the progress of resolving the liquidity crisis.
Through public information, Yao Zhenhua and Baoneng should still be anxious.
Up to now, the total amount of execution for dishonesty is about 3713.9 billion yuan, restricting the total amount of high consumption involved in the case is about 1453.1 billion yuan. During the same period, Baoneng Group had 82 pieces of information on persons subject to execution, and the total amount of enforcement was about 3759.2 billion yuan.
These need Yao Zhenhua's patience and solve them one by one.
And his former rivals and friends have also changed differently.
Wang Shi, who has no blame and no reputation, lives a retired life, and recently revealed in a show that he has a 3-year-old daughter;Xu Jiayin failed to build a car and was imprisoned at the end of last yearWang Jianlin broke his wrist again and sought a greater living space.
Different rising experiences, different personalities, seem to correspond to different fates. The unfavorable year of 2023 has quietly passed, and in 2024, how should Yao Zhenhua sail against the current?