Pass St Chenghai chairman to flee had hired 5 retired special forces to do bodyguard

Bao Chongxian Remarks: Bao Chongxian and Wang stars for the relationship between the two, Bao Yujie for two women at the end of August, the listed company St Chenghai twice in a row, said the chairman of the President Bao Chongxian without authorization to the company's property as collateral for personal loans. Listed companies "from exposing the skeleton", the outside world in an uproar. Bao Chongxian was once a temporary "real estate boss" in the capital market, and now it is a debt-ridden lawsuit. Since June this year, abalone has become the main actor in 6 cases of debt disputes. He is the defendant without exception. From 2009 to 2011, the Jiangsu businessman suddenly acquired a number of large shopping malls in Wuxi, and through capital operation, to the successful entry of the listed company St Chenghai, such as a "dark horse" into people's vision. "Run" boss 45-Year-old Bao Chongxian, is the real estate company St Chenghai chairman, the actual control person. He has been entangled with various creditors many times, but this one is different from the past. Since the second half of 2012, more and more creditors, suppliers began to gather at the Jinling hotel doorway, pull up banners to debt. At the end of last year, many migrant workers were at the door begging for salaries, and there were physical clashes. "Staff introduction to the hotel's North station. This is Bao Chongxian in the hometown Jiangyin Qingyang Town biggest property. The same was the case at the gate of the Kempinski Global Center building in Wuxi. Bao Chongxian Company headquarters is located in the top 5505 room, since the end of last year, often a large number of people gathered at the gate of the building to collect debt, the police for many days in order to maintain. Bao Chongxian grew tall and strong, nearly a year because of pressure, has been a lot of white hair. In the past year or so, he even hired 5 "retired special forces" as bodyguards to guard against the creditors ' entanglement. Bao Chongxian, mired in debt disputes, has recently been embroiled in lawsuits. According to the information disclosed by the Chinese court network, Bao Chongxian has at least become a defendant in 7 cases of debt disputes. Including the Bank of Communications (601328) Wuxi Branch, Dongguan Bank Hefei Branch, Everbright Bank (601818) Zhengzhou Red Special Road sub-branch, the Guangdong Bank Wuxi Branch, ICBC (601398) Wuxi City South Branch, respectively, sued Bao Chongxian and its affiliated companies. In addition, in two cases of private loan disputes, Bao Chongxian was also the defendant. "He has the credibility of a problem, the credit as a joke, the return of the not yet, should pay the non-payment, the commitment to finally become hollow." "A friend of Bao Chongxian said sadly that the credit problem eventually led to the expansion of the black hole in Bao's debt, which was irreversible. With the debt collectors more and more, Bao Chongxian no longer able to deal with it, simply a hide. "They have moved away for two months without knowing where to go. "Kempinski Global Center building property staff said. In the Qingyang Town government building, a deputy mayor of a face reluctantly said: "We can not find people, we have been looking for him for a long time." "A local lawyer in Wuxi said that Bao Chongxian is said to be in South Korea and will not be back for a short time," Many clients are also asking about his news. "Wool started in the eyes of many people, Bao Chongxian" brilliant suddenly. Baumannii, a former employee who declined to be named, Bao ChongxianIn the eyes of Wuxi entrepreneurs, as if suddenly from the other world into, no one knows his origins, the company up and down also few people know its past experience. Bao Chongxian has failed several times to start a business and has since been reborn as a textile business. 1991, Under the "sea" atmosphere, he resigned from the local pesticide factory salesman work, tens of thousands of yuan in his hometown Qingyang Town founded a small chemical plant. This "small workshop" operation is very smooth, the product basically just under the production line is sold, "do not worry to marry." Less than a year, he borrowed more money to invest 3 million yuan. "When the environment is good, he is easy to do." "In the pesticide factory, the original head of Feng Shesen eyes, Bao Chongxian" good head, ideas, running business more than others to pull business. The former middle-class Personage said that Bao is very clever, diligent, but sometimes disregard common sense. His chemical plant was only maintained for less than a year. Because the chemical plant discharges the sewage and the exhaust gas directly outward, has the serious influence to nearby Deng, Xizhuang two villages. Villagers demand compensation, Bao unwilling, and then triggered a thousand people participate in the group incident, conflict, fighting has occurred, lasted six months. Eventually, the factory was forced to shut down. 1993, Bao again borrowed 3 million yuan, the chemical plant moved to Jiangyin Changjiang, production of 0 aniline. It was soon closed down because of the environmental pollution. Two of unsuccessful ventures, Bao Chongxian have been at the end of their tether, debt-ridden, and even life is more difficult. "This time, he is very worried every day, thinking how to survive." Bao Chongxian, a friend in Qingyang Town, recalls that by 1994 no one would have lent him any more money. Bao Chongxian had to help in Shanghai Gaoqiao chemical plant as middle-class uncle. The latter has a son-in-law to do woolen sweater export business, promised to some foreign trade orders to abalone. The third venture of abalone started formally. He rented a fast-closing small factory in Qingyang Town and began producing woolen sweaters. "The factory is very small, like a family workshop, Tim added a few sets of old equipment, hire a few people to knit sweaters." Qingyang Town, an entrepreneur, said that the sweater factory can earn two or three yuan for a cardigan, and that the best profit for each piece is no more than 10 yuan. Bao produced woolen sweater because of good quality, low cost, and do not worry about market, in a short period of time to develop rapidly. But two years, its woolen sweater annual sales that amounted to million. Abalone began to look for other processing points. Soon, Bao Chongxian to the cost of about more than 400,000 yuan to buy near Wu empty village, a sweater factory, the establishment of Jiangyin Wukong sweater Factory, began to expand production scale. At this time, in addition to rely on Shanghai relatives to help export sweaters, Bao himself began to receive orders. In the second half of 1998, Bao Chongxian 45,000 yuan per mu of low price, bought Qingyang Town a 20 mu of industrial land. At this time, has accumulated Bao Chongxian again to friends borrowed 2 million yuan, in the new land on the investment built Chong Hua Mills. Its career began to take off gradually. Orders are more and more, and the scale of business is bigger. Even the local prison became his factory. According to the Bao Chongxian friends, his younger brother, Bao Chongmin, had been in jail for a few years in the middle of the 90 and was quite familiar with the people in the area. After Chong Hua MillsOrders, many of which are produced in this prison, are extremely inexpensive labor costs. By about 2000 years, the annual business volume of Mills is more than 10 million, and its annual operating income is close to 100 million yuan. "To earn 5 dollars a year will earn at least 50 million yuan in 2000." "The above Bao Chongxian friend introduces, Chong Hua Mills can say is the core of its capital, after many years accumulation" should already have hundreds of millions of yuan ", for its after a series of capital operation laid the foundation. Thereafter, Bao Chongxian began more activities in Wuxi. He set up in Wuxi Dili import and Export Trade Co., Ltd., began to do import and export trade, and no longer limited to the sweater business. He also registered in Wuxi Helen Investment company, began to dabble in the real estate industry, and even into the listed companies. Brilliant "2009 to 2011 These two years is his most glorious time." "A business person in Jiangyin, Jiangsu Province, recalls. After the financial crisis broke out, the real estate industry plunged into a slump, and the acquisition cost of property assets was relatively low. At this time, Bao Chongxian set up a number of investment companies, began a large-scale acquisition of local commercial real estate in Wuxi. August 2009, Bao Chongxian and his wife Wangsing 135 million yuan to acquire Wuxi Poly Asset Management Industrial Co., Ltd. Bao Chongxian and Wangsing respectively hold 60% and 40% of the company's stake. This is a small business that originally operated arts and crafts, the original shareholder Yang Zhenlin for local businessman. The company's core asset is a total of 166 homes and land use rights at 1000th Jiefang East Road, Wuxi. According to the ZHENGDA assessment, the valuation of the assets is 240 million yuan. Wuxi law firm lawyer Wang Yijing introduced in Wuxi, even in its hometown of Jiangyin, Bao Chongxian Capital strength is not outstanding, "more than he is a strong entrepreneur." "A number of local business people also said to the Economist, Bao was not well-known in Wuxi business Circle." However, it is such Bao Chongxian, in 2009 years began to expand, has acquired a number of Wuxi local important shopping malls, including Poly Plaza, Ocean department stores and so on. "These properties are located in Wuxi bustling downtown, traffic is very large, owners including Carrefour, such as large supermarkets." "A former middle-level introduction to Bao's company. At the same time, Bao Chongxian also registered a Wuxi Lake Seal Industrial Co., Ltd., the acquisition of the Wuxi Landscape East Road 58th, a group of about 20,000 square meters of villas. According to a local business person familiar with abalone, he even bought a retreat center called the Blue Ocean Garden from Baosteel Group, and planned to convert the latter into an "Sofitel hotel". Meanwhile, he invested tens of millions of yuan and bought a property in Beijing. In the 2010, Bao Chongxian's career reached the pinnacle of life. This year, he was introduced by friends to Jiangyin Far East Compound Fertilizer Co., Ltd. Chairman Lu JUNPEO. The latter plans to relocate the company to Henan Dengzhou, Bao took over the company, and renamed it the Henan Province Yufeng Compound Fertilizer Co., Ltd. Public data show that Henan Yufeng in 2011 is the country's second largest compound fertilizer producer. Bao Chongxian's more glorious experience was his successful holding in 2010The listed company Shanghai Seabird Enterprise Development Co., Ltd. (ie *st Seabirds, now renamed St Chenghai), and as Chairman. At this time, Bao Chongxian not only in Wuxi local fame, but also become a dark horse in the capital market, a short period of time won the national attention, a temporary scenery unlimited. "But the entrepreneur in Wuxi thinks he's an upstart," he said. Bao's above friends said. "This man has a lot of guts and a chance to do a 10-dollar business with a dollar." One of abalone's fellow villagers described him so. At this point, Bao Chongxian outsourcing The mills, which relies on his fortune, only collects rents every year. At the peak of the abalone also began to intervene in tourism industry, investment 80 million yuan to participate in the Jiangyin government-led project, "Jiangyin Wukong Temple." "During this period he was sprawling, ambitious and anxious to sweeping." "The above Bao Chongxian friends sigh, he worried about the Bao Chongxian expansion too radical, had advised him to" accept some ", but Bao don't mind. "At this time, he was complacent and could not hear the advice of anyone around him." The most proud of the time, even "some crazy, supercilious, look down on people." Afore-mentioned former staff, Bao Chongxian's character shows extreme two sides: on the one hand he is very clever, react quickly to the market change, also very diligent, always work overtime to late every day, but on the other hand, he is stubborn, especially believe that the logic that he constructs, is unwilling to accept others ' suggestion. "Sometimes, his way of thinking will make people around us trance, whether we have been accustomed to working methods and ways of thinking is completely wrong." "The former employee admired Bao and felt pity." A deadly blow. *st seabirds are just a shell resource, Bao Chongxian the empty shell listed company with billions of dollars, in order to put its name assets into the listed company by restructuring, to achieve a curve listing. However, the plan was completely disrupted by his brother Bao Chongmin. At the end of April 2010, Bao Chongxian produced the idea of reorganizing *st seabirds, hoping to inject *st seabirds into the former holdings of Henan Yufeng or Wuxi real estate assets. One months later, Bao Chongxian was the first major shareholder of the *st seabirds. Shanghai East Hong Industrial Investment Co., Ltd. (hereinafter referred to as the East Hong Industrial) Total equity, holding a 21.63% stake in the *st seabirds, become the actual control of the listed company. To buy the price of the yesterday, Bao Chongxian stock market value of 160 million yuan. *st Seabird is Shanghai's richest man Zhou Zhengyi's listed company, in 2008, weeks of Chen Liangyu in prison, Zhou home eager to resell the listed company, but 3 times to seek restructuring all ended in failure. Finally, the timely intervention of the Bao Chongxian only at a very low price of 50 million yuan, from Zhou Zhenming (brother Zhou Zhengyi) bought East macro industry, to control the *st seabirds. After controlling the *st seabirds, Bao Chongxian began planning a specific plan for the reconstruction of St seabirds from June 29, and intends to inject Henan Yufeng into the listed companies by means of directional additional stock. 4 days later, Bao Chongxian and his brother Bao Chongmin expressed their support to the local government for the idea of injecting Yu Fung compound fertilizer into the *st seabirds. July 6, *st of seabirds will be announced in the next 1Reorganized within 2 months. Bao Chongxian intends to subscribe to listed companies under the name of the listing of targeted shares are not advertised inside information. As insider information, Bao Chongxian brother Bao Chongmin in the reorganization announcement before 5th, in Henan to "Yong" and so on 10 securities accounts have bought *st seabird stock 2.49 million shares, the transaction amount of 26.47 million yuan. In addition, Bao Chongmin also ordered "business partners" Pandeng and sister, wife Trading shares involved in the amount of 5.38 million yuan. The holding of *st seabirds allowed Bao Chongxian to gain a valuable listing of the shell resources, and also allowed *st seabirds to gain "rebirth" in the capital markets. From the end of May 2010 to the beginning of September, the *st seabird shares rose nearly 50%, during which it experienced 5 trading times. Bao Chongxian Stock market value also appreciated more than 80 million yuan. However, the stock price of *st seabirds rose in the short term, causing the SSE to be alarmed. In the end, after six months of investigation by the SFC, Bao Chongmin was arrested in June 2011 on insider trading charges. The dream of the capital kingdom stopped when Bao Chongxian, a family member insider trading event, hoped that the plan to *st the Henan Yufeng curve would eventually fail. "Insider trading is a fatal blow to Bao Chongxian. "In the Bao Chongxian of the above friends, Bao's capital strength itself is very fragile, and because of asset cross mortgage, eventually like" Domino ", a ripple effect, the tide. Due to the failure of the recombinant *st seabirds, Henan Yufeng lost the opportunity to finance the capital market and had to lend to support further development. The former middle-level staff to The Economist, Bao Chongxian's decision-making team is actually only one person, and important positions are more relatives and friends. Bao's above friends, Bao Chongxian don't trust outsiders, brother Bao Chongmin as Henan Yufeng General Manager, two younger uncle yet Wang Jianguang, Wang Jianmin also an important post. In addition to Wang Jianguang quite capable of work, the other two people's ability is limited, Bao Chongmin even in Henan Yufeng during the opportunity to "take" a lot of financial director of the important position by his aunt as. The collapse of the capital Bao Chongxian the industrial expansion, which was sustained from the outset by loans. After the failure of the recombinant *st seabirds, the frequency of loans is more frequent. In April 2012 and July, Henan Yufeng successively invested 570 million yuan in the trust way to the Shaanxi state, and the two-period loan rate was 18% and 16.2% respectively. Mortgage-backed assets are 105 sets of business rooms for poly assets, 4 sets of commercial houses for the Lake seal industry, and a 64% stake in Yu Feng Compound Fertilizer Co., Ltd. In order to obtain more expansion funds, Bao Chongxian even without the listed companies allow, privately will *st seabirds many house mortgage, to Jiangyin Minfeng Rural Microfinance Co., Ltd. and other private capital institutions to borrow. And in order to make up for the debt black hole, Bao even in July 2012 to Wang Qibo loan usury 50 million yuan, for two weeks, still unauthorized *st seabird property as collateral. Wuxi, a local business people analysis, Bao Chongxian capital strength in Wuxi is only the upper-middle level, the last to be able to "play big" because of its capital operations for the vast majority of funds are borrowed. AbaloneThrough frequent purchase of houses, and as collateral to the bank, private capital financing, and then borrow money to buy shopping malls, fertilizer plants and the acquisition of shares in the listed companies. "At that time, the local bank was willing to lend him a better view of the development momentum of the year." "One of the local business people who worked with Bao Chongxian said that Bao Chongxian's popularity was good and he was very loyal." Borrowing more and more, Bao Chongxian debt costs are also rising. Since 2011, domestic real estate is depressed, the performance of *st seabirds is not ideal. In 2012, its net profit was 23.7473 million yuan, which was 3.2527 million yuan less than the promised performance of Bao Chongxian Holdings. For this reason, Bob had to pay to make up the difference. Meanwhile, Bao Chongxian's assets are also mired in business difficulties. This newspaper reporter in Wuxi Binghu District Landscape East Road 58th spot saw, this piece originally spends huge sums of money to purchase the villa area, already is deserted. Villa at the gate of debris piled up, the courtyard is overgrown, villa outside the wall part has been peeling off. The security guard at the nearby Lake Seal said that no one had been in the house for several years, 58th. Bao Chongxian from 2007 began to invest 180 million yuan in his hometown of the five-star "Jinling Hotel", and currently shut down nearly a year, although the main building has been completed, but the renovation project has not been carried out. There are currently less than 10 security guards. "This is a rotten tail project, and no one dares to come in and have too much debt." The above Bao Chongxian friend mentioned this hotel, feel some distressed. He said that the project was built because of the introduction of South Korea Taichang Co., Ltd. to Qingyang investment, but in the end Koreans were "robbed" elsewhere. Bao Chongxian's Poly Square was also implicated in the capital's break. Merchants can not redeem cash after customers brush their shopping cards with Poly Square. So that the merchants, including Carrefour, stop supporting poly cards, customers have asked to withdraw their cards. In June, Bao Chongxian the event by invoking other funds to "fill in the blanks". He invested in the Wukong Temple project and eventually withdrew at the end of 2012. It is difficult for listed companies to bring profits to abalone, and the property assets under their name are not enough to support the soaring financing cost, and the tight capital chain eventually breaks down and is difficult to bridge. After 2011 years, abalone has begun to delay the payment of interest on the loan phenomenon. The banks were already wary in 2011 and began to withdraw their loans. Bao Chongxian told his friends in private that in 2011, the bank had withdrawn 800 million yuan of loans from him. Now, the Bao Chongxian in the debt black hole, is rumored to have "fled" to foreign countries, the shadow invisible. As in the past year or two, many other private entrepreneurs in Jiangsu and Zhejiang.