Fujian 3 billion non-performing assets showmanship involved in a number of business leaders

Every trainee reporter Tauszin Xiabing from Shanghai April Xiamen has been early into early summer, the humid air with the southern peculiar flavor.　　An investment promotion conference on the largest non-performing debt project in Fujian history will be held at Xiamen Convention and Exhibition Hotel today (April 23). "The so-called Non-performing Debt project can be popularly understood as bad assets." "There are a lot of investment opportunities in these so-called ' bad assets '," said one person who told the Daily economic news. "It is understood that the promotion will be involved in the total amount of non-performing assets will reach an astonishing 3 billion, including Fujian province, a lot of state-owned, private, joint ventures, more than 1000 cases involving lawsuits."　　And the daily economic news reporter from the hands of the list of bad claims also found that even some of the capital market famous predators are mixed in. Including the original capital market "Shenlong Series" Alligator Chen Ken's Fujian Fu Lian Co., Ltd. (has now been returned to the city named St Huadiao, 600659,sh), has retired from the city of the former listed companies such as St Kyushu Company's bad claims, as well as the land valuation of more than 1 billion Xiamen famous uncompleted building-"Far East Jincheng"　　Development of the company's claims, and the highest on the books involved in the Fujian Sino-Trade ship Import and Export Co., Ltd. the value of the debt has exceeded billion. "The value of some of these non-performing claims has risen a lot in recent years; "In charge of this promotion, Zhou Hui, a lawyer at Tian Kai law firm in Fujian province, told the Daily Economic news reporter," among them, some of the former listed enterprises, but also may become extremely valuable ' shell ', through operation, to achieve the return of the listing effect. "Well-known entrepreneurs were" dragged into the water, according to the Fujian days Kay law firm related staff, these 3 billion-yuan non-performing loans are entrusted by the principal from China's four asset management companies Fuzhou office, involving the size of more than 1000 cases of the disposal of assets, distribution areas throughout Xiamen, Fuzhou, Nanping, Sanming, Putian,　　Quanzhou, Zhangzhou and other land.　　Among them, the United States DAC fund commissioned by the amount of debt assets amounted to about 2.5 billion yuan, Xiamen Sen Bao Group commissioned by the creditor's rights assets of about 200 million yuan, and the other 300 million of the creditor assets from another two Xiamen's clients. The daily economic news reporter from the Fujian Tian Kai law firm received a data revealed that the United States DAC fund 2.5 billion of debt assets are from the 2008 China Oriental Asset Management company Fuzhou Office of the Bank non-performing loan Debt Asset package transfer, the assets of a total of 638 non-performing assets, 830 non-performing claims,　　Of these, 84 were not sued for assets.　　In addition to many well-known enterprises involved in this batch of 3 billion yuan of non-performing assets, the related debt involved in many well-known entrepreneurs. "Daily economic news" reporter found that there are no lack of celebrity figures, such as "Video King," The Million Lida Group President Wu Huitian, Fujian Province, "the top ten Outstanding Young Entrepreneurs", Fujian Dragon Net Environmental Protection Co., Ltd. Chairman Zhou Suhua, chairman of Fujian Shun Shing GroupShun Causeway, Fuqing Real estate boss Liang Weiqing, etc.　　According to the introduction, these "celebrities" are more than a guarantee for people and undertook joint and several liability.　　Capital Predators take the opportunity to return to the stage in addition to many well-known companies, in the long list of claims, there are some of the capital market once the big crocodile figures also to return to the stage. List, there is such a special claim is being listed for sale: "Fu Lian Package series of assets, the total amount of the principal debt 33,250,000 yuan, as at December 20, 2007, interest 21,090,817.84 Yuan, holding company Fujian Fu Lian Co., Ltd. (hereinafter referred to as Fu Lian).　　"The company named Fu Lian, its more well-known name is Fujian Yue Huadiao Co., Ltd., the former listed company St Huadiao. The former head of the company is the capital market, the famous "dragon department" of the boss Chen Ken, when Chen Kern to St Huadiao platform, in the capital market, flourished. The final St Huadiao due to the failure to disclose the financial statements of listed companies were terminated by the Shanghai Stock Exchange, the original shares in the SSE Stock Transfer system (commonly known as: Sanbanxi) transfer, and renamed "Huadiao 1" (Ticker code: 400049).　　Chen Ken himself was also punished by the SFC for not holding any securities business for 3 years.　　At this time, the debt of the Union is listed for sale, or there is a double meaning. The first is the formal return of Chen Ken.　　It is understood that after the expiry of the 3-year SFC, Chen Ken 2009 through the Hong Kong listed companies successfully returned to the capital market, and immediately with a series of dazzling movements, moving nearly billions of dollars, a once mining-oriented listed companies to transform into dairy enterprises. The second is the handling of past debt. It is understood that this series of assets include 4 companies, Fu Lian, Fujian Silk United Company, Fujian Green Bio-Co., Ltd., Fujian Hai Sheng Tatsu Trading Co.　　This series of claims, in addition to settlement through consultation with Chen Ken, can also be achieved through the execution of the property of the debtor or guarantor, and the liquidation of the revoked debtor's corporate shareholders. It is understood that the greatest value of this part of the asset is reflected in the capital market. "Investment in this part of the debt will provide some opportunities for restructuring." Zhou Hui told the Daily Economic news reporter, "if properly operated, it might even be possible to return to the capital market by borrowing shells." "In fact, in the history of capital markets, there is no shortage of cases in which the city has been returned to the city." One analyst told the Daily Economic news reporter, "If you do it right and meet some conditions, the companies that have retired in the past can indeed be viewed as a shell resource on the market." "In the list, there is also a company similar to the package, which is referred to as Kyushu package of the holding company-Fujian Kyushu Group Co., Ltd., the original St Kyushu, has now been returned to the Sanbanxi market, the stock code for 400019.　　In this list, the entire Kyushu package covers more than 30 million of the debt on the book. The biggest claims involving 1 billion uncompleted buildings "whenever the macro-control, real estate developers fell, uncompleted building on the rise." "The insider told the Daily Economic news reporter."　　In this debt auction list, the real estate enterprises are everywhere, large to the registered capital of tens of millions, small to registered capital of only million, is a poor business in the past, because the problem of capital chain can not repay the debt, and finally only take the land and the construction of the uncompleted building to cover the debt. In this, I am afraid to count the famous Xiamen "Far East Jincheng".　　Located in Xiamen City, the west side of the "Far East Jincheng" by the Far East (Xiamen) Real Estate Development Co., Ltd. Investment (hereinafter referred to as far East Real Estate) development, and in this auction, the Far East Real estate involved in the total amount of debt will be nearly 60 million.　　However, in 2007, the site was estimated by professionals, and the value of the plot was estimated to have reached more than 1 billion per cent. It is understood that before this auction, the Xiamen municipal government has made a decision to recover the land, will be "compensation or exchange" way to compensate the debtor.