"World Copper King" Wang Wenyin is in trouble again.
The reporter noted that Guiyang Bank Shuanglong Airport Branch (hereinafter referred to as "Shuanglong Branch") filed a lawsuit with the Intermediate People's Court of Guiyang City, Guizhou Province due to a contract dispute with Guizhou International Commodity Chain Management, which was recently accepted by the court.
The defendant, Guizhou International, is a subsidiary of Wang Wenyin, and the amount of compensation claimed by Shuanglong Sub-branch from the company exceeds 1.6 billion yuan. In this case, there are a total of 10 defendants, and Wang Wenyin himself is among them. In addition to Wang Wenyin and his related affiliates, there are also natural persons such as Liu Jiehong and Ju Wansu.
The "Copper King of the World" was collected by the bank.
Further details of the Ssangyong sub-branch's cause of action were revealed. In June 2021, Ssangyong Sub-branch signed the Comprehensive Credit Contract with Guizhou International, agreeing that Ssangyong Sub-branch would extend a credit of 1.6 billion yuan (exposure amount) to Guizhou International for a period of 3 years.
At that time, Shenzhen Zhengwei (Group)** hereinafter referred to as "Zhengwei Group"), Wang Wenyin, Liu Jiehong and Huawei Polyimide Co., Ltd. (hereinafter referred to as "Huawei Polyimide") respectively signed the "Maximum Guarantee Contract" with Ssangyong Sub-branch to provide the highest amount of joint and several guarantee liability for the above-mentioned debts of (Guizhou International).
According to the enterprise investigation, Zhengwei Group is the controlling shareholder of Guizhou International and a wholly-owned subsidiary of Zhengwei Holdings, a subsidiary of Wang Wenyin. According to public reports, Liu Jiehong is a director of Zhengwei Group and the wife of Wang Wenyin. Huawei Polyimide is also a holding subsidiary of Zhengwei Group.
At the same time, Zhengwei Group, Shenzhen Chengwei New Materials, hereinafter referred to as "Chengwei New Materials"), Wei Ziyao Yellow Mahogany Artwork, Zhengwei Technology (Shenzhen), Ju Wansu and Shuanglong Sub-branch signed the "Maximum Mortgage Contract", and these companies and individuals provide the highest mortgage guarantee for the above debts with a total of 16 houses under their names. Chengwei New Materials and others are affiliated companies of Zhengwei Group, and the identity of Ju Wansu is unknown in public information.
In addition, Ssangyong Sub-branch signed the Maximum Pledge Contract with Zhengwei Group and Zhengwei International respectively, and the two companies provided the maximum pledge guarantee for the above debts with the relevant equity they held. Both mortgages were registered.
Ssangyong Sub-branch stated that after the relevant contract was signed, it had fulfilled the corresponding loan disbursement and bill acceptance obligations, and because Guizhou International failed to repay the relevant loan principal and interest and bill advances on time as agreed in the contract, and the relevant guarantor also failed to perform the corresponding guarantee obligations on time, in order to safeguard the legitimate rights and interests of the company, Ssangyong Sub-branch filed a lawsuit with the court in accordance with the law.
Shuanglong Sub-branch requested the court to order Guizhou International to repay the loan principal, the principal of the bill advance, the unexpired acceptance amount, and the interest, penalty interest, compound interest, etc., calculated in accordance with the contract, totaling 165.8 billion yuan. At the same time, Ssangyong Sub-branch requested the court to order it to have a priority right to be compensated for a total of 16 houses and related equity mortgaged by the defendant, and to have the right to be compensated in priority with the price of the mortgage or the proceeds from auction and sale. In addition, Ssangyong Sub-branch requested the court to order Wang Wenyin and others to bear joint and several guarantee liability for the above-mentioned litigation claims.
Bank of Guiyang said that in accordance with the requirements of the regulatory authorities and the company's internal asset risk classification, the company has included the loans, advances and unexpired acceptance bill exposure involved in the lawsuit into non-performing, and has made corresponding impairment provisions for related assets, and it is expected that the litigation will not have a substantial impact on the company's current or future profits.
The net worth of 100 billion has shrunk.
Zhengwei Qianxun official *** once issued a document saying that Guizhou International is the first project invested and constructed by Zhengwei Group in Guizhou Province. In 2022, the company ranked third in the "Top 100 Private Enterprises in Guizhou in 2022" with a revenue of more than 16.8 billion yuan.
* In early February, it was reported that Zhengwei Group added a new information on equity freezing, and the amount of frozen equity was 105.1 billion yuan, the enterprise whose equity is enforced is Guizhou International, and the freezing period is from January 30, 2024 to January 29, 2027, and the enforcement court is the Intermediate People's Court of Guang'an City, Sichuan Province.
Wang Wenyin was born in March 1968 and is a native of Anqing, Anhui Province. He made his fortune in copper mining and copper processing business, and once had assets of 100 billion yuan, and was known as the "World Copper King". In recent years, Wang Wenyin has been a frequent visitor to the rich list. On the 2022 Hurun Report, Wang Wenyin ranked 26th with a net worth of 110 billion yuan.
Also in 2022, Wang Wenyin's Zhengwei International Group reached its peak. The All-China Federation of Industry and Commerce released the list of the top 500 private enterprises in China in 2022 in September of that year, and Zhengwei International Group ranked fourth. The company's revenue was 72275.4 billion yuan, even surpassing Huawei (6368.).0.7 billion yuan), Tencent (5601.1.8 billion yuan) and other giants.
By 2023, Wang Wenyin's ranking in the Hurun Report will drop to 50th, and his wealth will shrink to 70 billion yuan. In September 2023, the news that Zhengwei Group and Wang Wenyin were restricted by the Zaozhuang Intermediate People's Court attracted the attention of all parties. According to Zhengwei New Materials (002201), the matter stemmed from a construction contract dispute between other subsidiaries of Zhengwei Group and others. On October 19, 2023, on February 1 this year, Zhengwei New Materials announced that Wang Wenyin's height restriction order issued by the People's Court of Jiaocheng District of Ningde City and the People's Court of Nanchuan District of Chongqing City has been lifted.
However, Wang Wenyin's troubles did not end with the lifting of the height restriction order. On January 13, Zhengwei New Materials disclosed that its controlling shareholder, Shenzhen Yiwei (a wholly-owned subsidiary of Zhengwei Group), held the company 2099610,000 shares will be auctioned judicially. According to the relevant judicial auction online platform, the auction result of the above-mentioned shares is "unsold".
Editor-in-charge: Tao Jiyan |Review: Li Zhen |Supervisor: Wan Junwei.
*:*Times).