Wenyi Group changes: the real estate sector assets are moved into bulk distribution and are pledged

Wenyi Group changes: the real estate sector assets are moved into bulk distribution and are pledged
Wenyi Group, one of the largest private enterprises in Anhui, is undergoing a series of moves in its assets.Recently, the sauna and Yewang detailed industrial and commercial data found that since the second half of 2019, dozens of companies originally owned by Wenyi Real Estate have been intensively classified into Shushan Real Estate.One thing is that after being transferred intensively, Shushan Real Estate has pledged the equity of the continuous enterprise.In addition, Wenyi Real Estate has recently undergone personnel changes, and Zhou Wensuo took over as the company’s legal representative.With Wen Yi, a real estate developer, Zhou Wenyu, the actual controller, gradually and rapidly rises into a large-scale multi-industry with more than ten industries such as real estate, construction, catering, cultural tourism, logistics, property, education, wine, media, sports, mining, and technology.The regional investment holding group is affiliated with Wenyi Technology, a listed company.At present, the performance of Wenyi Technology is not good, and the performance in 2019 will turn from profit to loss, and it will continue to make up in the first quarter of this year.In the final press release, the copy did not reply to the interview questions from Sauna and Yeewang.The shareholding of Da Tengnuo sorted out the business information of Liwenyi Real Estate Co., Ltd. and showed that it added equity pledge registration information on April 22 with registration number 341523202000000016, and the pledgee was Anhui Wenyi Investment Holding Group Shushan Real Estate Co., Ltd.The equity is GBP 50 million, and the pledgee is Anhui Branch of China Huarong Asset Management Co., Ltd.Prior to this shareholding information, Sauna and Yewang found that the equity of Shucheng Wenyi Real Estate Co., Ltd. had just changed a few months ago.On November 26, 2019, Shucheng Wenyi’s wholly-owned shareholders changed from Wenyi Real Estate Co., Ltd. (hereinafter “Wenyi Real Estate”) to Anhui Wenyi Investment Holding Group Shushan Real Estate Co., Ltd. (hereinafter “Shushan Real Estate”).In addition to the above-mentioned Shucheng Wenyi Real Estate Co., Ltd., Sauna and Yewang consulted the business information. Since the second half of 2019, several companies originally owned by Wenyi Real Estate have been intensively classified into Shushan Real Estate.For example, Hefei Yuyang Real Estate Development Co., Ltd. (hereinafter “Hefei Yuyang Real Estate”).I hope that the industry and commerce information shows that the company changed its investors on March 5th, and Wenyi Real Estate, a former shareholder of 10%, withdrew, and Shushan Real Estate took over.Hefei Yuyang Real Estate’s current shareholding structure is 90% held by China Minsheng Trust Co., Ltd. and 10% held by Shushan Real Estate.For example, Hefei Ruijin Real Estate Co., Ltd.According to industry and commerce information, the company changed its investor on January 8, the original wholly-owned shareholder Wenyi Real Estate withdrew, and the new shareholder Shushan Real Estate was added.Obviously, after taking over those companies originally controlled by Wenyi Real Estate, Shushan Real Estate will soon pledge the shares of listed companies.According to incomplete statistics by reporters, ten companies added share registration information for the pledgee of Shushan Real Estate after the shareholders changed from Wenyi Real Estate to Shushan Real Estate.For example, the merged Hefei Yuyang Real Estate added additional pledge registration information on March 6th, registration number 340100202000000024, the pledgee is Shushan Real Estate, and the pledged equity distribution is 500-equivalent to all the equity held by Shushan Real Estate, the pledgee isChina Minsheng Trust Co., Ltd., another shareholder of Hefei Yuyang Real Estate.The sole proprietorship of Anhui Wenyi Investment Holding Group Eastern Real Estate Co., Ltd. was changed from Wenyi Real Estate to Shushan Real Estate on November 13, 2019.On March 3, Shushan Real Estate introduced the company ‘s equity pledge to China Minsheng Trust Co., Ltd., with a total pledged equity of 10,000.However, the equity was pledged for reorganization on March 6, resulting in “the elimination of the main debt.”In addition, Shushan Real Estate has transferred Hefei Zhiya Real Estate Development Co., Ltd. from Benyi Real Estate. Yingyi Real Estate Co., Ltd. and Shucheng Wenyi Real Estate Co., Ltd. invested in Anhui Branch of China Huarong Asset Management Co., Ltd.; Capital shares of Anhui Province Wenyi Investment Holding Group Bincheng Real Estate Co., Ltd. to Anhui Branch of China Cinda Asset Management Co., Ltd .; Anhui Province Wenyi Holding Group Western Real Estate Co., Ltd., Anhui Province Binzhou Real Estate Co., Ltd.The equity of the company was pledged to Anhui Guoyizhao Investment Co., Ltd .; the equity of Feixi County Wenyi Real Estate Co., Ltd. was pledged to Anhui Zhongan Financial Asset Management Co., Ltd .; the equity of Anhui Province Wenyi Investment Holding Group Binjiang Real Estate Co., Ltd.Pledged to Huishang Bank Co., Ltd.Among the above pledgee, apart from China Huarong and China Cinda, which are among the four largest state-owned AMCs, Huishang Bank is a Hong Kong-listed company, Minsheng Trust is a subsidiary of Oceanwide Holdings, and all of them have a state-owned background.Among them, Anhui Guozhao Investment Co., Ltd. is a wholly-owned subsidiary of Anhui Provincial Tendering Group Co., Ltd., and a few Anhui State-owned Capital Operation Holdings Group Co., Ltd., wholly-owned by Anhui SASAC, holds 30% of the shares; Anhui Zhongan Financial AssetsManagement Co., Ltd. is held by Anhui Investment Group Holding Co., Ltd. 77.5%, which is additionally a wholly-owned subsidiary of Anhui State-owned Assets Supervision and Administration Commission.It is said that Anhui Zhongan Financial Asset Management Co., Ltd. published the announcement of Anhui Business Daily published on January 9th, and it intends to legally own Anhui Wenyi Building Materials Co., Ltd., Wenyi Real Estate Co., Ltd., and Anhui Wenyi Construction.Install the company’s claims for public disposal.The above asset disposal announcement shows that on the base date of termination of transfer on January 8, 2020 (excluding the day), there are a total of 2 claims and the total principal of the claims is 2.9.7 billion yuan; once the transfer of creditor’s rights is performed, the transferee will unconditionally inherit the above creditor’s rights.For these two claims, the guarantee measures show that in addition to the conventional construction land use right mortgage guarantee of the land under the name of Feixi Wenyi Real Estate Co., Ltd., Wenyi Real Estate, Shushan Real Estate and Zhou Wenyu provide joint liability guarantee.Wenyi Real Estate and Shushan Real Estate Wenyi Real Estate is one of Wenyi Group’s core enterprises. It was established in 2004 and its predecessor was Anhui Ruitaitai Real Estate Co., Ltd. with a registered capital of 1 billion yuan.Currently Wenyi Real Estate is owned by Luo Wenfang, the mother of Zhou Wenyu, and 1% by Zhou Wenyu.Wenyi Group’s official website news quoted the list of “Top 100 Chinese Real Estate Enterprises Sales Performance in January-March 2020” released by the China Index Research Institute on March 31st.Ranked 78th, it ranked first in Anhui’s local local enterprises.When some assets were transferred to Shushan Real Estate, Wenyi Real Estate also experienced personnel changes.Sauna, Yewang noticed that the business information of Wenyi Real Estate Co., Ltd. showed that it had recently undergone a business change. The person in charge changed from Wei Yong to Zhou Wensuo. At the same time, Wei Yong no longer served as a company executive and was succeeded by Zhou Wensuo.Currently, the legal representative of Wenyi Real Estate, the executive director and general manager is Zhou Wensuo, and the supervisor is Zhou Wensheng.Outgoing Wei Yong is the vice chairman of Wenyi Group.According to Zhou Wensuo, who took office, it is reported to be the helm of Wen Yi men’s basketball team.Wenyi Basketball Club was funded by Wenyi Group in 2013. The official website shows that it is the only professional basketball club in Anhui Province and “has a glorious mission to revitalize the three major balls in Anhui”.Shushan Real Estate also belongs to Wenyi, the full name of Anhui Province Wenyi Investment Holding Group Shushan Real Estate Co., Ltd.According to industry and commerce information, it changed its investor on March 23 and added shareholders Jinkun Investment Co., Ltd. (hereinafter referred to as “Jinkun Investment”). The current shareholding structure of Shushan Real Estate is-Wenyi Real Estate holds 95% of the shares, JinkunThe investment holds 5% of the shares, and the company’s market subject type, formerly “Limited Liability Company (non-natural person investment or wholly-owned legal person wholly owned)”, is changed to “Limited Liability Company (Hong Kong, Macao and Taiwan Investment, non-wholly owned)”Air Force Shushan Real Estate is wholly owned by Wenyi Real Estate.According to the search results of the online search center of the Hong Kong Companies Registry, Jin Kun Investment was established on December 12, 2019 as a private limited company.The reporter has not been informed of other information about Jinkun Investment.Belonging to the poor technological achievements of Wenyi, Wenyi Real Estate and Shushan Real Estate are behind the breakthrough of Wenyi Group.According to reports, Wenyi Investment Holding Group was founded by Zhou Wenyu in 2004 and has developed into real estate, construction, catering, cultural tourism, logistics, property, education, wine, media, sports, mining, technology (stock code: SH600520) And other large-scale regional investment holding groups with more than ten industries diversified simultaneously, the total assets of the group are nearly 70 billion; in 2019, the group ranked second in the revenue of Anhui Top 100 Private Enterprises with 31.8 billion operating income.In June 2016, Anhui Ruizhen Business Management Co., Ltd., an enterprise under the jurisdiction of Wenxia, became the actual controller of Wenyi Technology through the merger and acquisition of Tongjia Sanjia Electronics (Group) Co., Ltd.Wenyi’s official website stated at that time that the holding of Wenyi Technology laid the foundation for the previous Wenyi Group to take the road of capital market development.At present, Wenyi’s scientific and technological achievements are not very satisfactory.Wenyi Technology’s 2019 annual report shows that the company achieved operating income2.5.9 billion, down by 15 every year.88%; net profit attributable to mother is -7250.470,000 yuan, a profit of 504 in the same period last year.380,000 yuan.Wenyi Technology stated that the performance change from profit to loss was mainly due to a decrease in operating income, a decrease in gross profit margin, loss of asset disposal, provision for asset impairment losses, and an increase in management expenses and financial expenses.Wenyi Technology’s quarterly report for 2020 shows that it has achieved an operating income of 5,312.930,000 yuan, at least 1 a year.92%; net profit attributable to mother is -1210.840,000 yuan, -1802 the same period last year.540,000 yuan.Although Wenyi’s technological achievements were not good, Ziguang, one of its major shareholders, launched a major reduction in its shareholdings, and the expectations that it was once believed that there was a shareholding dispute were highlighted.According to Wenyi Technology’s announcement on April 16, Ziguang Group and its concerted parties reduced their holdings of listed companies’ shares through concentrated bidding and block trading between March 23 and April 14, 2020.150,000 shares, accounting for 5% of the total share capital of listed companies.Since then, Ziguang continued to reduce its holdings, reducing 198 on April 22 and April 23, respectively.340,000 shares and 1.71 million shares.At present, the proportion of Ziguang’s shareholding in Wenyi Technology has largely replaced13.9077%.Sauna, Ye Wang Zhu Yueyi Zhao Yibo Editor Yue Caizhou proofreading Li Xiangling