Into the economic life of everything
Introduction: This time is involved in the Luo Jing actual control of the Guangdong Zhongshan honest industry Holdings Limited and related parties. Involving the outstanding principal amount of factoring financing nearly 3 billion yuan.
Source: 21st Century Business Herald (ID:jjbd21)
Edit: Zhu Yimin
The criminal detention of Luo Jing is still going on, and the A-listed company Falconer (000890) has been involved in the case. This time, it involves Guangdong Zhongshan Honest Industry Holdings Limited, which Luo Jing actually controls, and related parties.
On July 16, Farson said that its subsidiary Shanghai Moshan Commercial Factoring Co. ("CHENGZHOU") and the third party jointly and severally guaranteed by CHENGZHOU and LUO Jing ("CHENGZHOU Related Parties"), which involves an outstanding principal amount of nearly RMB 3 billion in factored financing.
Involved in the funds of nearly 3 billion
Farson said that, after verifying with the subsidiary Shanghai Morsan, Shanghai Morsan and Luo Jing actual control of the honesty industry and the honesty industry related parties have business transactions.
Zhongshan honest industry still have to Shanghai Mosan factoring financing principal amount of RMB 33,149,600 yuan is not yet settled, Luo Jing for the above debt to bear joint and several guarantee responsibility.
Zhongshan Candidates and Luo Jing are jointly and severally liable to Shanghai Moshang for all debts incurred within the consolidated factoring financing amount of Zhongshan Candidates.
Zhong Chengye and Zhong Chengye Related Parties applied for the factoring financing amount from Shanghai Moshan with the accounts receivable claims of Suning Purchasing Center of Suning Tesco Group Company Limited and other entities as the payer, and signed the corresponding Domestic Factoring Contract and other relevant documents for the assignment of claims. As at June 30, 2019, the outstanding principal amount of the factored financing amount amounted to RMB2,899,382,100 thousand.
Previously, on the evening of July 8, Noah Wealth announced that its Shanghai Gefei Asset Management Company (hereinafter referred to as "Gefei Asset") credit fund provided supply chain financing for the third party related to Camsing International Holding Limited, which is actually controlled by Luo Jing, with a total amount of RMB 2,899,380,000. The credit funds of Gefei Asset ("Gefei Asset") provided supply chain financing to third parties related to Camsing International Holding Limited ("Camsing"), which is controlled by Luo Jing. As the fund manager of these funds, Shanghai Gefei Asset has initiated litigation. The underlying investment of the funds is mainly to provide supply chain financing to the relevant parties of Camsing International in respect of its accounts receivable claims with Beijing Jingdong Century Trading Co.
On July 9, Jingdong responded that this matter has nothing to do with Jingdong, "Chengxing is suspected of forging and Jingdong's business contract external fraud, for this behavior, we are very shocked, and has cooperated with the victimized company to report."
Figure / Figure worm
The company has set up an emergency response team
Farsheng originally main metal products business, mainly the production and sale of a variety of uses, different specifications of steel wire, steel wire rope products.
Its subsidiary, Shanghai Mosan Commercial Factoring Co., Ltd. was registered in the Shanghai Pilot Free Trade Zone in April 2014, with a paid-in capital of RMB 635 million, and is mainly engaged in providing commercial factoring services with accounts receivable financing as the main service, as well as consulting business related to commercial factoring, and specializes in providing new financial services for the integrated management of accounts receivable and credit risk.
In 2016, Farson transformed to commercial factoring business, and commercial factoring business appeared in the annual report for the first time, and since then the revenue and net profit have increased year by year.In 2018, Shanghai Moshang completed an operating income of 859 million yuan, and a net profit of 176 million yuan, and the commercial factoring business has accounted for 50.28% of Farson's main business composition.
As the incident of Luo Jing being criminally detained is still under investigation, it is impossible to accurately judge the extent of the impact of the matter, but Luo Jing's direct holding of the equity of the shares of MaxicoM and indirectly through the controlling shareholder, Suzhou Sheng Jun, have all been brought to judicial freeze by other companies, and there is also a waiting freeze. If you need to recover, it may take time.
Farson also said in the announcement:
We are verifying the business situation between Shanghai Moshang and Zhonghuangye and Zhonghuangye's related parties, and we are unable to accurately judge the impact of this matter on the Company at present.
The company has set up a special emergency handling working group and taken corresponding emergency measures; sent special people to the honesty industry, the honesty industry related parties and their accounts receivable debtors to understand the situation, and sent a letter of notification, reminder letter, and commissioned a law firm to send a lawyer's letter to the honesty industry and the honesty industry related parties;
Organize and prepare the relevant materials, such as the relevant parties are suspected of fraud, the company will dock the lawyer's letter.
As the Chengxing incident is still under investigation, it is impossible to accurately judge the impact of this matter on the Company, the Company is actively planning for the risk solution of the above Zhongshan Honest Industry and Zhongshan Honest Industry related parties' receivable claims, and is currently negotiating with the interested parties on the transfer of claims, and will disclose the progress in a timely manner after substantial progress is made.
21 Jun
What do you think?
Lai Yutong, editor of this issue