Whether the delisting has not yet been settled, the assets of the "Xianyou" Zhonghong shares have begun to be auctioned. On November 7, 24 sets of shops of Zhonghong shares in Haikou have been auctioned online in Ali.
The auctioned shop is located on the 1-3rd floor of Building 2, “The Capital of the West Bank of Zhonghong, No. 1 Changbin East Street, Xiuying District, Haikou City. The executive is Hainan Risheng Investment Co., Ltd. According to the information, the company was 100% controlled by Zhonghong Co., Ltd. through its wholly-owned subsidiary. The ultimate beneficiary was Wang Yonghong.
The evaluation price of 24 sets of shops exceeded 90 million yuan, and the stock price of the No. 1 building 01-03 layer A1 reached the highest value of 48.88 million yuan. The lowest one, the 2nd floor, the 3rd floor C5 number was about 780,000 yuan. The auction time is from 10:00 on December 1st to 10:00 on December 2nd.
Previously, due to the overdue payment of RMB 95.54 million from Zhonghong International Co., Ltd., the creditors have applied to the court for freezing and sealing up their related assets. According to the information, BOCOM International Trust Co., Ltd. is a non-bank financial institution controlled by Bank of Communications.
On February 5, 2018, Haikou City Intermediate People's Court of Hainan Province ruled that within the scope of 9.96211 million yuan, the holders of Hainan Risheng Investment Co., Ltd., Zhonghong Holdings Co., Ltd., Wang Yonghong Bank Deposit or seizure and seizure were frozen. Freeze, extract, and detain other equivalent assets.
In addition, one of Zhonghong’s creditors, Dongfang Asset’s Beijing Dongfu Cargill Investment Management Center, also placed a loan owed by Zhonghong on the auction website of Ali. The estimated price was about 3.067 billion yuan. It is from November 10th to November 11th.
The loan period is 3 years.interest rate9%, the borrower is Beijing Zhonghong Real Estate Co., Ltd., a wholly-owned subsidiary of Zhonghong, which has been overdue on June 20 and September 29, 2018. According to the auction information, in addition to the principal of 2.5 billion yuan, the debt rights (including penalty interest) and liquidated damages of 864 million yuan, a total of 3.364 billion yuan.
Zhonghong shares, which are deeply involved in the debt crisis, have said that the total amount of accumulated overdue debts of the company and its subsidiaries has reached 7.816 billion yuan, all of which are various types of loans. At present, Zhonghong’s property projects under construction are basically in a state of suspension.
Previously, Zhonghong shares had been lower than 1 yuan for 20 consecutive trading days. On the evening of October 19, the Shenzhen Stock Exchange announced that it had initiated the termination of the listing process of Zhonghong Co., Ltd., and decided to terminate the listing of the company's shares within fifteen trading days from the suspension of the company's shares. On October 19, Zhonghong shares have been suspended. According to this calculation, the exchange will make a decision on November 8th at the latest.
On the evening of October 16, Zhong Jihong, chairman of Zhonghong Co., and Zhang Jiwei, general manager, resigned. Prior to this, Wang Honghong, the real controller of Zhonghong, had already avoided Hong Kong. In May 2017, Zhonghong shares real controller Wang Yonghong made a fortune for the actress Han Xiting (in the "Jinling Thirteen") and photographed the value of 124 million Hong Kong dollars (about 109 million yuan) of antique 雍正粉青双龙尊, the last There was no money to pay the defendant to court. At that time, according to the financial report, Zhonghong’s net profit for the first half of 2017 was still 23.9 million yuan.
On November 6, China Securities News reported that Zhonghong shares had attended the hearing on the Shenzhen Stock Exchange. Whether Zhonghong will become the first company in the history of A-shares to be delisted because its share price is less than 1 yuan, will soon have an answer.
(Article source: AI Finance and Economics)