Produced by Radar Finance and Economics Lei Zhu Bar |Shan Shan, edDeep sea
On March 6, Meihao Real Estate issued an announcement on the bankruptcy liquidation of its subordinate grandson company ruled by the court.
Meihao Real Estate recently received the Civil Ruling (2023) Chuan 0121 Po Shen No. 3 from the People's Court of Jintang County, Sichuan Province (hereinafter referred to as the "Jintang County Court"), and the Jintang County Court ruled to accept the bankruptcy liquidation application of Chengdu Mingchuang Cultural Communication *** hereinafter referred to as "Chengdu Mingchuang Cultural Communication" against the company's subordinate subsidiary, Sichuan Meijin Real Estate *** hereinafter referred to as "Sichuan Meijin").
It is reported that due to a dispute over a service contract, Chengdu Mingchuang (the plaintiff) filed a lawsuit against Sichuan Meijin (the defendant) in the Jintang County Court in April 2022, requesting that the defendant be ordered to pay the plaintiff 35510,000 yuan; On June 14, 2022, mediation was reached under the auspices of the Jintang County Court, and the mediation agreement was: Sichuan Meijin will pay Chengdu Mingchuang 34. before July 31, 2022020,000 yuan, and the case acceptance fee of 3,313 yuan is borne by Sichuan Meijin, the person subject to execution. After the mediation took effect, Sichuan Meijin failed to pay the money in accordance with the time and amount agreed in the mediation agreement, and Chengdu Mingchuang applied to the court for enforcement on August 5, 2022. Since there was no property available for enforcement in the name of Sichuan Meijin Company, the court terminated the enforcement procedure on August 22, 2022.
In October 2023, in view of the fact that Sichuan Meijin could not pay off the due debts of Chengdu Minghuang, Chengdu Mingchuang requested the Jintang County Court to rule on the bankruptcy liquidation of Sichuan Meijin.
Meihao Real Estate claimed that Sichuan Meijin was one of the project companies established by the company in Chengdu, and that the bankruptcy liquidation procedure of Sichuan Meijin would not have a significant impact on the production and operation of the company's main business in other regions.
This time, Sichuan Meijin was ruled to enter the bankruptcy liquidation procedure, the company will lose control over it, and Sichuan Meijin will no longer be included in the company's consolidated financial statements. The final impact of the subsidiary's application for bankruptcy liquidation on the company's financial position and operating results is subject to the implementation results of bankruptcy liquidation and the audit report of accountants.
It is worth noting that on December 29, 2023, Meihao Real Estate received the "Administrative Penalty Decision" (2023 No. 3) issued by the Yunnan Supervision Bureau of the China ** Supervision and Administration Commission.
After investigation, the facts of the suspected violation of the law are as follows: 1. Failure to disclose external guarantees in a timely manner as required. 2. Failure to disclose major litigation and arbitration in a timely manner as required.
Based on the facts, nature, circumstances and degree of social harm of the parties' illegal acts, and in accordance with the provisions of Article 197, Paragraph 1 of the ** Law of the People's Republic of China (revised in 2019), the Yunnan Securities Regulatory Bureau made the following decisions: 1. Give a warning to Meihao Real Estate and impose a fine of 1.5 million yuan; 2. Give Liu Daoming a warning and impose a fine of 300,000 yuan; 3. Give Li Junfeng a warning and impose a fine of 250,000 yuan; 4. Feng Xian was given a warning and fined 250,000 yuan.
In this regard, Zhang Yanwei, director of the lawyer of Shanghai Renying Law Firm, told Radar Finance that if the misconduct of listed companies causes losses to investors, the injured investors can claim compensation in accordance with the law. Any injured investor who held MyHome Property** on April 3, 2023** can sign up for a claim. Sign up for free and pay attention to the official account "Lei Zhu Bar" (Lei Zhu Code: 88) for claim registration. There are no fees until you receive the claim.
Tianyan check shows that Meihao Real Estate has participated in bidding projects 15 times; In terms of intellectual property rights, there are 587 pieces of trademark information.