The biggest uncompleted building in Prudential Plaza debt dispute doubtful 400 million difference undetermined

Whether the debt dispute of Prudential Square can be solved satisfactorily is still in doubt. Guangzhou Chinese Court yesterday held the third creditor Congress of China-Prudential Square to start the distribution process before the Spring Festival yesterday, the Supreme Court of the former Vice-President of the original vice president of bribery case in Langfang trial. And just at the same time, "Prudential Square" series of enforcement cases the third creditor meeting was held in Guangzhou Chinese Academy. 2008, in charge of the implementation of the case of the Guangdong Provincial High Court of the former executive director Yang Xiancai was CCDI "double regulation", and implicated the Supreme People's court former vice president of the Huang Song. At the creditor's meeting, Guangzhou Chinese Academy announced the distribution work plan, will divide the property of "Zhong Cheng Square" in three stages. Wen reporter Liu Xiaoxing distribution: After the partition according to the Guangzhou Middle School March 2008 distribution plan, the creditor's rights distribution order is: The first order returns the purchase money, returns the sale money, the second order is the project paragraph; the Third Order is the mortgage; the Forth order is the tax;　　The previous order is settled before entering the next order of distribution.　　According to yesterday's distribution plan, the first phase of the allocation of property, the second phase of the distribution of the sale, the third phase of the remaining property evaluation, auction, to debt. As a result of Sinopec's 1.3 billion-yuan total price in 2006 to buy a block of China-Prudential Plaza a nearly 80000 square meters of office space, so the current can be allocated to the real estate in B Tower 5~35, 47~49 Building, of which 5, 22, 35 floor belongs to the shared refuge, not the allocation of property.　　Actual allocation of real estate planning and design 12 suites per floor, after the change design for each floor 24 suites. As some of the owners to return the property, some demand to return the purchase money. According to the plan, will first of the original purchase B tower owners and subrogation advocates of the property allocation. These owners and subrogation advocate the right of the owner according to the original purchase of the real estate in the original planning plan before the location of the map, referring to the same location as marked by the new plan, according to the same floor, the same seat, the same area of the principle of distribution. For the original purchase of B tower owners and subrogation advocates for the property distribution, began to adjust from a tower to B tower to the landlord and the owner of the claim for property distribution. For second-hand mortgaged property, after the selected property, according to the Law for evaluation, auction, to the debt. For the house and unpaid property owners to issue payment notices, pending the payment of unpaid housing into the court escrow account, according to the distribution plan to start housing.　　The plan stated that the creditor's property distribution is carried out in accordance with the original distribution plan. According to statistics, the current amount of claims to pay for change in cash amounted to 1.1447 billion yuan. The total amount of the claim for sale is 188 million yuan, the total amount of creditor's right to cancel the contract is 204 million yuan, the total amount of the claim is 107 million yuan, the total amount of the claim is 67.52 million yuan, the total amount of mortgage claim is 63 million yuan, the total amount of creditor's rights is 25.18 million yuan, the total amount of the whole list is 490 million yuan. In addition, the Ministry of Land and housing requirements to payThe land transfer is 4375971 yuan.　　Return home purchase Creditor's return purchase total area is 49534.42 square meters. At present, the property available for distribution is, "Prudential Plaza" variable cash for 924 million yuan, deduction of various taxes and land transfer funds, the remaining available for the implementation of the allocation of about 850 million yuan.　　　　In addition, "Zhong Cheng Plaza" b 5-storey ~35 layer, 47-storey ~49 layer for the return of house-buying creditors, after the right to the final mapping, the part of the property area of 55797.32 square meters.　　Discontent: No enforcement term creditor's rights Congress began at 9:30, the Guangzhou Chinese Academy of Directors read out the description and distribution plan, 10:20, the meeting ended. "Is it over?" Have the owners not been assigned to speak? One of the owners stood up and shouted. Many owners immediately stood up and shouted discontent. Among these owners, most of them ask for the allocation of property, and some request to return the purchase money. It is reported that a total of 178 creditors to the meeting, many of them from the Hong Kong and Macao region, and even some people from Canada to attend the conference.　　Many people said that the Conference had high expectations, but the court only said to try to start the distribution process before the new year, did not have a specific deadline for implementation, which let them feel greatly disappointed. More than 10 years ago, Mr. Li bought a 19-storey unit plus parking space at 20,000 yuan per square metre, when he prepaid 50% of the purchase money, about more than 3 million yuan. According to the "Zhong Cheng Square" in March 2008, the distribution of the creditor's rights, the creditor who has not paid the purchase money, the judgment, the mediation continues to perform the contract, all may in according to the original purchase contract after clearing the remaining purchase money, participates in the adjustment and delivers the property. To the breach of penalty and interest as a defense, refused to pay the remaining purchase money, as a waiver of the continued performance of the contract, according to the return of purchase money treatment.　　Yesterday's distribution plan did not revise the plan, leading to discontent among many owners, and Mr Li is one of them. "According to this plan, I have to get this House, but also to pay more than 3 million yuan." But after all these years, I should be the interest and liquidated damages has more than more than 3 million yuan, why can not be offset by interest and liquidated damages, and let me pay the other? "said Mr. Lee. In addition, the gold Trading company at the price of 924 million yuan to buy "Zhong Cheng Plaza", and then to more than 1.3 billion yuan to sell to Sinopec, which has more than 400 million yuan in the price difference.　　　　Why are these $400 million not included in the allocation of funds? Court: More than 400 million yuan difference has yet to be qualitatively targeted at the owners of the query, the Chinese court concerned people explained that, because the current pine some cases are still in trial, for the amount of money, still pending court finally found, can not simply judge the difference of more than 400 million yuan is all the money. According to the principle of "after the first punishment, the people", we should wait until the criminal case is decided before discussing whether the proceeds should be allocated to the owners. In addition, the convening of the Conference is to the owners to solicit comments, owners have any views, can be reflected to the Executive Board. The Chinese Academy said the meeting will followThe previously identified scenario immediately launches the assignment program. "Prudential Plaza" incident "Prudential Square" is located in Guangzhou days Hebei Sports West Road 191th, has been renamed as "Sinopec Building."　　From 1997 was buckle "rotten tail" hat, "Prudential Square" because of long rotten tail time, involving a wide range, involving more funds, "resurrection" process twists and turns, known as "China's largest uncompleted uncompleted building." July 2002, the senior People's Court of Guangdong province designated Guangzhou Intermediate Court to solve the "Zhong Cheng Plaza" debt dispute.　　At that time, the declared creditor as many as 158, the total debt amounted to 1.567 billion yuan, HK $124 million, USD 30 million.　　Since then, Canton Chun-Peng Real Estate Co., Ltd. and Beijing Gold Trade International Investment Co., Ltd. in the auction won, jointly with 924 million yuan of ultra-low price of the acquisition of Prudential Plaza. Soon, Chun Peng Company boss Fan Chun Industry because of suspected financial ticket crime, lost the purchase of Prudential Plaza qualification. February 2005, the gold Trading Company's exclusive purchase application to obtain permission, and subsequently confirmed that Beijing gold Trading Company's actual control is also fan Chun industry.　　It is reported that the Golden Trade company will then sell the plaza in Prudential, selling prices as high as 1.3 billion yuan, net earn more than 400 million yuan. 2008, in charge of the implementation of the case of the Guangdong Provincial High Court Executive Board of the former director of the Yang Xiancai was CCDI "double regulation", and implicated the Supreme People's court former vice president of the Huang Song. The song was then "double gauge" and became the highest ranking official of the judicial system since the founding of New China.