Shanghai CCEs Express crisis fermentation chairman wants to conceal billions of dollars in debt

Source: Internet
Author: User
Keywords Debt fermentation
In the early morning of July 2, hundreds of freight drivers, staff gathered in Shanghai Chiaise Express Co., Ltd. (hereinafter referred to as "CCES") headquarters, try to request arrears.   This reporter rushed to cces headquarters found that can accommodate hundreds of people's headquarters office has no office, and Minhang the Labor Department of the town has been involved in investigation. "The shutdown was 5 days, not knowing when to resume operation, or whether it has been paralyzed until it collapses." "CCEs several middle management staff to our reporter, the entire company network has crashed, many outlets shutdown, a large number of express items stopped." In the survival of the occasion, the company 400 sites are launched to save themselves, each site to gather 10,000 to 50,000.  But these funds are a drop in the bucket for cces huge amounts of debt. CCEs Franchisee, Shanghai Plum Distribution Center in charge of Zo Shurong to the reporter said that since 2010, the company has been running downhill, several times facing the crisis of collapse.  2011 years of Yuan Tai Group and CCEs chairman Fang Liyuan led the Alliance reform Direct mode failure, a group of company executives left, the company into financial crisis. In mid-June this year, Huitong Express President Xu Jianrong, formerly Huitong Guangdong General manager Jiangxiaogen and Fang Yuan to discuss cooperation, and to buy a stake in the 200 million acquisition of CCEs. However, the Jiangxiaogen 10-person team settled in CCEs headquarters 8 days and paid 26 million after a sudden full evacuation.  Jiangxiaogen to the outside world, Fang Yuan intends to conceal the company billion debt. It remains a mystery whether CCEs's salvation from the death race has been successful.  At the moment, the helm of the Fang Liyuan in Zhejiang Emergency financing, and the Yuan Tai Group's housing industry is also tight, "property hit 78 percent still no one to buy." The July 1 afternoon, the top of the Shanghai 35°c High temperature, college students Chen Chunfang and father anxiously came to the Minhang Industrial Park in CCEs Express headquarters office.  Chen Chunfang attended a college in Hubei Qianjiang, graduated this year to the computer supplies such as dozen three parcels through the CCEs Express to Shanghai, found that only received two parcels, and the computer that package has not arrived. Chen Chunfang's encounter was not a case.  CCEs internal staff to the reporter confirmed that, in fact, due to the arrears of freight drivers up to 40 million of the payment, all over the truck drivers have been shut down for half a month, resulting in items can not be delivered. In addition, due to cces Shanghai, Zhejiang, Anhui and other employees owe 4 months wages, since June 29 has been in a shutdown state, the entire operation network paralysis.  In Zhejiang alone, the number of express items piled up to 6,000 pieces. In addition, the landlord began to Dun. June 28, the landlord Minkun Metal Tools (Shanghai) Co., Ltd. posted a notice that cces's rent expired on June 30, according to the contract should be delivered in the second half of the rent. "The rent for a year is 1 million. Zo Shurong said that June 29, due to the rent, the landlord locked the door, and all the office supplies blocked, resulting in staff can not enter the office, "then the staff to the local town governmentTo open the door. " Zo Shurong said that at present, the country more than 200 distribution centers are on duty, the company's office supplies, goods are preserved intact, and did not lose, but temporary operation has arisen.  Hangzhou Distribution center of the accumulation of express, caused the customer's anger, June 30, the company's top emergency meeting, and promised to pay employees, the night of the distribution center in Hangzhou began to resume operations, the accumulation of items sent to all over. "The company to the survival of the situation, employees began to start self-help."  "Zo Shurong said that the country has about 400 sites, each site pooled 10,000 to 20,000 to ease the company's financial crisis, some sites even willing to borrow 50,000 yuan to fund the company. On the other hand, Fang Yuan is also actively seeking to raise funds.  CCEs internal staff revealed that the Yuan Thai has a lot of real estate, Fang Yuan will house discounts to 78 percent, or sell.  Jiangxiaogen gambling? "The sudden withdrawal of the acquirer's Jiangxiaogen left the CCEs operating system collapsed overnight and lost a good opportunity to find investors."  "CCEs a middle-level management, the company in 2012 after the crisis, the yuan began to look around for investors, 3 companies ready to invest, one of which is the Qualcomm Express," Now the company into chaos, I am afraid it is difficult to find new investors. " The above management said, June 17, Fang Yuan, Xu Jianrong, Jiangxiaogen and other senior executives in the CCES headquarters on the handover after the work of a special meeting.  At the time, Fang Liyuan said he would withdraw from the company and that the company's holding Fangjiang would enter the company with its operations team, while Jiangxiaogen said first to pay the freight drivers and employees. June 20, Jiangxiaogen with operations director, accounting, cashier and so on more than 10 people management team, stationed in CCEs headquarters office, and caused great waves.  "The management said that the team first took over the finance, the former company financial staff can no longer intervene in financial matters."  In the above management personnel, Jiangxiaogen in the company "arrogant", the company's old staff very distrust, triggering a large number of employees to leave, "even here for many years, the whole floor is recognized as good people sweeping aunt, also resigned to leave, the entire company staff insecure." He was like a gambler, and he fled in 8 days.  "The executives said the Jiangxiaogen did pay 26 million of the wages and arrears to the freight drivers and some of the employees, but all of them suddenly withdrew by June 27." Ethan, a 44-year-old freight driver from Siyang County, Jiangsu, said to our correspondent he signed a transport agreement with CCEs, he owns two freight cars, 50,000 of each deposit, and a total of 380,000 for the shuttle from January to June this year, while the other freight driver owns 16 vehicles,  CCEs owed up to 2.8 million. According to Ethan, and like him to sign the carrier relationship with CCEs driver, a total of more than 100, total debt of 40 million. Since the Jiangxiaogen came, issued a total default fee of 30%, that is, 80,000 yuan, and a part of the driver sent50% of the arrears. "Jiang is a gambling buyer because Jiangxiaogen bargained with the freight driver, saying that he would pay only half of the debt to settle all the accounts."  "The executives said that while some of the drivers had agreed to such a" Jiangxiaogen "clause, after receiving half of the money, they continued to beg for another half of the debt, when the withdrew.  And talking about why to abandon the acquisition, Jiangxiaogen said, Fang Liyuan concealed cces Debt situation, the company's total liabilities of about 170 million, the two sides only reached a intent agreement, the formal agreement has not been signed.  170 million debt deconstruction cces the financial hole in the end how big, still can rise again?  Industry and commerce data show that the cces registered capital of 22 million, its shareholders only two, square yuan capital contribution of 20 million, Shanghai, the capital of the Equity Investment Center 2 million.  For cces debt amounted to 170 million yuan, Fang Liyuan to this reporter said, the company debt is not 170 million yuan so much, he is also unwilling to disclose cces real debt situation. "The company currently owes 170 million of its debt to 90 million before the company was bought," he said. "Zo Shurong said that these debts are mainly divided into 7 parts: the headquarters of the tender freight drivers about 54 million, provincial network bus driver 4 million, suppliers 7 million to 8 million, staff wages 10 million, DOT system fee 4 million, distribution center venue rental fees, etc. 7 million,  Direct company distribution Center venue rental fee 4 million.  However, a management staff of the company's administrative department told reporters that 86 million of the company's external debt, the chairman of the Fang Liyuan five years from the Yuan Tai Group investment of up to 200 million yuan, "if the Yuan Tai Group to lend CCEs funds, may be 170 million".  The above people told the reporter that because of the entry of Jiangxiaogen, the company's freight drivers and division staff issued 26 million of the wages, cces now foreign debt should be only about 64 million. "Since 2010, the centers have been at a loss, the head office level of profitability is not possible." Zo Shurong to this reporter that 2007, the company's financial problems, by the Yuan Tai Group acquisition, after being renamed as CCEs.  From 2008 to 2009, CCEs was in good condition, starting to decline since 2009 and plunging into multiple crises. "Each distribution center operation is similar to my operation of the Shanghai Plum Distribution Center For example, 2007 profit 500,000, 2008 profit 300,000, 2009 profit 100,000, 2010 capital Preservation, 2011 years loss 500,000, 2012 loss 2 million in the first half."  "Zo Shurong said that 2012 years of loss due to a large investment in the distribution center, on the other hand because the company's services continue to decline, the monthly settlement of more than 200,000 of the major customers lost. Fang Liyuan to this reporter said that the acquisition of CCES5 years, the company has invested a total of 200 million yuan, and constantly build distribution center, resulting in investmentToo much money, there is no cost to recover the investment.
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