The Great Wall Is A "White Knight" Fog: To Be Introduced Into The War Group Five Years Ago, "Cancelled".

Zhao Ruiyong and his son, who had been publicly offered to repay debts by the Hangzhou intermediate people's court, would like to welcome a turning point?

In December 25th, the the Great Wall department's three A share companies rose to varying degrees, the Great Wall animation and the Great Wall film and television trading, and Tianmu pharmaceutical industry rose 2.27%.

On the night before, three listed companies also announced that the controlling shareholder the Great Wall Group intends to introduce Shaanxi CIC and the old phoenix emperor to carry out equity cooperation. Shaanxi CIC and the old Fenghuang plan to carry out a capital increase of not less than 2 billion yuan for the the Great Wall group, while at the same time, they will contribute no less than 1 billion 500 million yuan in cash to participate in the subsequent restructuring of the the Great Wall group.

That evening, the Shanghai Stock Exchange rushed to Tianmu pharmaceutical industry to send a letter of inquiry, asking Tianmu pharmaceutical company to verify and supplement the disclosure of whether there is any relationship between Shaanxi CIC and the old phoenix and Tianmu pharmaceutical and the Great Wall group, whether there are specific plans and corresponding time arrangements for the transaction, whether the other parties have the ability to fulfill the capital raising and debt restructuring of the Great Wall group.

Earlier, because of the crisis of capital chain, the the Great Wall group and the real controller Zhao Ruiyong and his son were in debt. They were repeatedly listed as executors by the court.

It is not easy for the Great Wall departments to turn the tide. In twenty-first Century, the economic report reporters found that one of the Great Wall's leading investments was "Shaanxi CIC" belonging to Hongkong Xinwei group. However, according to the comprehensive information system (ICRIS) of the Hongkong company registry, the latter was cancelled five years ago.

On the 25 day, in twenty-first Century, the economic report reporter telephoned the the Great Wall film and TV security department as an investor, and the wiring personnel said he would verify the relevant situation with the parent company.

Where is the white knight?

According to the announcement issued by three listed companies, the two the Great Wall war group intends to introduce two wars are funded and abundant resources of enterprises. However, reporters found that the financial background of the "White Knight" was not so optimistic as the announcement, and Shaanxi CIC has some business connections with the the Great Wall department.

Statistics show that Shaanxi CIC belongs to Hongkong Xinwei group, founded in May 2002, with a registered capital of 2 billion yuan. As of June 30, 2019, the total assets of various assets were estimated to be about 70 billion, and the assets of trusteeship were 6 billion 700 million.

But in twenty-first Century, an economic report reporter found that on the search engine, it was not possible to find the official website of the asset management platform. In addition, reporters in the ICRIS system search "Hongkong Xinwei group" found that the only result of the jump - "Hongkong Xinwei Group Co., Ltd." has long been declared disbanded in November 28, 2014.

Data from Kai Xin Bao show that at present, Shaanxi CIC has three shareholders, of whom 60% of the largest shareholder, Shenzhen de Gao Hui Hui investment Company limited by guarantee (hereinafter referred to as "DHI Hui Hui") has penetrated through the stock market.

Statistics show that the company was established in September 2007 with a registered capital of 600 million yuan, mainly engaged in guarantee, trustee asset management, factoring and other businesses.

In December 25th, in twenty-first Century, the economic report reporter has repeatedly called Shaanxi CIC and de Gao Hui Ying to know the investment time of the the Great Wall department. The former business registration telephone has been unable to answer, while the latter said that "people are not convenient to answer in Hongkong".

It is worth mentioning that the announcement shows that the main business of CIC in Shaanxi is entrusted assets management. Currently, there are 200 thousand mu of woodland in the whole country, including 3400 acres of Wutong Mountain woodland known as Shenzhen's lung. The scale of the coastal road fund set up by Shaanxi CIC is 10 billion yuan.

But Kai Xin Bao shows that since its establishment, Shaanxi CIC has only invested in two foreign companies. Its participation in the establishment of a subsidiary "Anyang Heng Ju commerce and Trade Co., Ltd." in July 2014 was listed in the "abnormal list of operations" by the Anyang municipal market supervision authority in July 2019.

In addition, the Shenzhen Taichi fund management company (hereinafter referred to as the "Taiji fund") met with the Nanshan market supervision authority in October 2016, and found that "the registered residence (business premises) could not be contacted". In addition, the supervisor Cui Yunlong of the company was listed in the Tianhe District people's court in August 2018.

It is worth mentioning that the Taji fund has invested in many projects under the the Great Wall department, and holds a 50% stake in Zhejiang Wen Xin Wen travel limited, a company representing the legal representative of the Great Wall animation and Li Bing.

Another the Great Wall war group to be introduced, the old emperor, was founded in 2013 with a registered capital of 20 million yuan. Its main business is the investment and operation of mineral resources, the research, design, production and sale of precious metal handicrafts and jewellery, holding jade mineral resources in Russia and marble mineral resources located in Yantai, Shandong. The assets valuation value exceeds RMB 10 billion yuan.

On the 25 day, in twenty-first Century, the economic report reporter also telephoned the old industrial and commercial registration of Fenghuang, and the wiring officer pointed out to reporters: "we also saw in the news (investment related matters), but the concrete situation is that the leader is talking, and the leader is not in the company now."

Repeated introduction of war failed

This is not the first time the the Great Wall Department has launched the introduction of war. As early as the explosion of the gold chain crisis in 2018, the the Great Wall group had planned to introduce strategic investors several times.

In September 2018, the the Great Wall group reached a cooperation intention with the sole shareholder of Tianlong pharmaceutical company, the second largest shareholder of huilze Investment Co., Ltd., Qingdao global wealth center. The latter agreed to grant the the Great Wall group 1 billion 350 million yuan of financial support in exchange for the actual control of Tianmu pharmaceutical industry, but then the cooperation failed in accordance with the core provisions.

In January this year, the the Great Wall group announced that it signed an agreement with Zhijiang new industry that it would introduce a number of funds to bail out the Great Wall group and its subsidiary companies, but there was no further progress in the end.

In April and June of this year, the Great Wall group, Zhao Ruiyong and Zhao Feifan signed the cooperation agreement with Innocent and Heng Ping respectively. Both Innocent and Heng Ping indicated that they were planning to increase their capital stock by the the Great Wall group, not less than 1 billion 500 million yuan, or to cooperate with the the Great Wall group by way of laws and regulations.

Six months later, the familiar "story" was staged again, and this time the "cooperation" was replaced by Shaanxi CIC and the old emperor.

As for the "cooperation progress" between controlling shareholders and previous war throws, the twenty-first Century economic news reporter asked the the Great Wall film and television securities department, the wiring personnel said: "this event belongs to the shareholder level promotion matter, the listed company is not clear."

But it is worth noting that it is not easy to solve the debt problem of the Great Wall group. According to the Tianmu pharmaceutical industry's disclosure in April 4th, the total debt of the Great Wall group at the end of 2018 amounted to 3 billion 950 million yuan (Unaudited).

Up to now, the shareholding of 3 listed companies directly and indirectly owned by Zhao Ruiyong and his son has been almost completely pledged. Because of the debt, the shares of listed companies are almost frozen or frozen by all judiciary.