Former new energy richest man Peng Foru, it pours

Absrtact: Foru, the double whammy, this sentence used in former Forbes new energy richest man Peng body again suitable. As LDK struggled to restructure its debt, Peng, a high-stakes electric-business firm in 2013, also faltered. Peng 2013 foreign propaganda

Foru, a double whammy, this sentence used in the former Forbes new energy richest man Peng body is more suitable.

As LDK struggled to restructure its debt, Peng, a high-stakes electric-business firm in 2013, also faltered. Peng 2013 foreign announced that to 1 billion yuan investment c2b (consumer to Enterprise) electric business website Suzhou Extraordinary set the United States E-commerce Co., Ltd. (hereinafter referred to as extraordinary set the United States), but the current extraordinary set the United States in a number of labor disputes, its headquarters in Suzhou office space has been deserted.

LDK CEO Peng

After understanding, extraordinary set the United States from September 1 last year on-line, almost no normal operation. For the above employees, the reporter repeatedly call Peng himself to testify, but its phone is always unanswered.

1 billion High-stakes electric dealer

Recently, Suzhou, Shenzhen, Shanghai and other places of labor and Personnel Disputes Arbitration Committee issued a notice, at least 80 employees to apply for the United States and the extraordinary labor arbitration.

Industry and Commerce registration information shows that the United States have two shareholders, respectively, Peng Zhengxiang and Liu Fu Yuan, legal representative for Liu Fu Yuan. But people familiar with Peng know that the extraordinary beauty of these two shareholders is Peng parents, the company's actual control of the people is still peng.

April 15, the reporter went to the extraordinary set the United States in Suzhou headquarters, in this creative industrial park, 86-1, the four-storey, extraordinary set the United States has no office, the front desk plastered all over the Labor arbitration notice issued. According to a property management staff, said, "One weeks ago has been evacuated, to the debt of the pour a few people."

Extraordinary set the United States today's dilemma and Peng once set the target day difference. "2013-2015 years, the extraordinary fixed US electric company sales from 2 billion yuan to 20 billion yuan, the profit from 50 million yuan to 600 million yuan." In the next five years, sales will reach 200 billion, profits will reach 7 billion, and five years later, sales are to reach 400 billion dollars, with a profit of 20 billion dollars.

To this end, Peng announced to 1 billion yuan investment extraordinary set the United States, also set up 22 business departments and Beijing, Shanghai, Shenzhen and other branches, the above staff from the Kibaki, as well as Beijing-east, Shun Fung, Lenovo and other companies in the lower and middle-level cadres, and Peng Direct management of the general manager of various branches and the Director of the division.

Peng will be an extraordinary definition of the United States is an innovative e-business enterprise, to create "the world's first C2B mode of international members online integrated service Electronics mall." "This is an attempt to f2c (Factorytocustomer), focusing on domestic and foreign quality goods factory direct for members." Peng said on Weibo that the company was only playing a platform role and was mainly earning the difference in goods.

"In the formal online, the extraordinary set the United States basic no online business," some employees told reporters.

A software engineer who entered the first batch of extraordinary beauty last May said that "the extraordinary beauty of the program is the package to the outside software company, in July 2013 delivered to the extraordinary set the United States after the start of operations." He was puzzled by the fact that he didn't have to do anything to get a high salary.

In order to understand the extraordinary beauty in the meantime what happened, reporters have tried to contact the extraordinary set the United States and Peng himself, but the phone has not been connected.

Some analysts believe that the Peng, financial tension and the pattern of outdated should be the main reason. Electric business platform burning the characteristics of money people know, even if the Peng really invested 1 billion yuan, the construction of the electric business platform is just a drop in the bucket.

Although C2B is an important direction of the future evolution of the creative electric business model, it is not the best time to intervene at present. "The C2B model must be based on a degree of understanding of the product by the consumer itself, can accurately describe their customized requirements of the big market environment, now pre-order this c2b rational way of shopping is too early, or not to form a trend, the electric business people commented. Another electric-business researcher believes that "C2B is more of a concept at the moment."

Peng Face personal Bankruptcy lawsuit

Compared with the extraordinary set of the United States of labor disputes, LDK now the mess is obviously more Peng headaches.

Data show that a company called Apolloinvestmentasialimited (Apollo Asia Investment Limited, hereinafter referred to as Apollo), is LDK Silicon and Chemical Technology Co., Ltd. (hereinafter referred to LDK Silicon technology company) "Class A callable convertible preferred" Holders of the former are trying to pass legal proceedings to apply for a court ruling Peng individual bankruptcy involving an amount of USD 75.5 million.

Apollo filed for Peng's bankruptcy because of a related deal it had with LDK. At that time, including Apollo, state-run Financial Limited liability company, Bank International Investment Fund and other investors participated in LDK Silicon technology company's equity financing, 3 companies jointly invested 240 million U.S. dollars, the LDK Silicon technology company's total share capital of 18.46% of convertible preferred shares.

According to LDK's announcement, the investment agreement was mainly on the basis that LDK promised to achieve a split listing of LDK Silicon technology within two years, with the 3 investors converting preferred shares to common stock by 1:1 per cent; LDK is required to redeem the convertible preferred shares at a price of 240 million dollars, and LDK must compensate in cash if the internal rate of return for the 2011 investment is less than 23% per cent.

At the time, the arrangement was marked by the betting that the 3 investors, in order to reduce the risk of investment, also asked LDK founder and chairman Peng to provide collateral for personal assets. LDK also launched a split listing of LDK Silicon Technology and was at the door of the IPO, but was hit by many factors such as the downturn in the PV industry. It also means that LDK must be held responsible for the betting agreements it signed before, and that LDK is now mired in debt and unable to meet the betting agreement. It is in this context that Apollo, which does not endorse the LDK Debt restructuring agreement, wants to apply for Peng personal bankruptcy.