Tianyang holding sets up “bureau”: Tuopai shede group and shede liquor enter the urn successively

Before Tianyang Holding Group Co., Ltd. (hereinafter referred to as Tianyang holding) held 70% of the shares of Sichuan Tuopai shede Group Co., Ltd. (hereinafter referred to as Tuopai shede group), shede liquor (600702. SH) issued an announcement on December 29, disclosing the latest progress of the investigation of the company’s relevant executives by the public security organs: < / P > < p > Tianyang holding, the indirect controlling shareholder, in addition to through related enterprises In addition to occupying the capital of the listed company for non operation, it also occupies the capital by establishing a commercial factoring company jointly with the listed company. < / P > < p > according to the announcement, shede liquor invested 100 million yuan and held 25% of shares in Tianying chain (Shenzhen) commercial factoring Co., Ltd. (hereinafter referred to as Tianying chain factoring) as early as 2018. < / P > < p > up to now, Tianying chain factoring only has factoring business with Tianyang holdings and related parties, making all the company’s funds used by “Tianyang system”. The relevant details and responsible persons need to be further investigated and dealt with by the public security organs. < / P > < p > since then, the overall investment situation of Tianyang Holdings has gradually emerged. After taking charge of Tuopai shede group, Tianyang holdings reorganized its senior management team to improve the operation of shede liquor, which is indirectly controlled by Tianyang holdings. At the same time, it invited Tuopai shede group and shede liquor to “enter the Urn” successively through the way of transfer or joint investment of affiliated companies to directly misappropriate the funds of future generations’ companies or share the income of joint investment with future generations’ companies. On November 4 last year, Tuopai shede group and its subsidiary took Tianyang holdings and related personnel to court for the reason of arrears. Owing up to three times and at different times, they belong to different contract disputes. < / P > < p > “the 70% equity of Sichuan Tuopai shede Group Co., Ltd. held by the respondent Tianyang Holding Group Co., Ltd. will be frozen. The amount of freezing is limited to 330 million yuan, and the freezing period is from August 10, 2020 to August 9, 2023.” < / P > < p > the loan was generated by Tianyang holdings and Sanhe Tianyang Real Estate Development Co., Ltd. Sanhe Tianyang is a real estate platform controlled by Tianyang. Beijing Tianyang International Holding Co., Ltd. and Tianyang real estate (Tangshan) Co., Ltd. jointly invest in Sanhe Tianyang, holding 95% and 5% of shares respectively. < / P > < p > at the same time, Tianyang holdings and Chenggong (China) Grand Plaza Co., Ltd. broke out a dispute over the transfer of construction in progress: the opposite party filed an arbitration with the Hong Kong International Arbitration Center, demanding Tianyang holdings group to pay the remaining contract price of 974 million yuan. < / P > < p > the other party also applied to the court for ruling to preserve the 70% equity of Tuopai shede group held by Tianyang holdings. Although it was later removed because the value of the preserved assets far exceeded the amount of the subject matter of the case, the holes of Tianyang holdings in the real estate sector have emerged.

in August this year, it has been focused on Baijiu liquor industry, which is not concerned about the actual control of Zhou Yang holdings, the real controller. It has been discovered by self-examination that an associated company, Pengxi County Peng Shan wine industry Co., Ltd. (hereinafter referred to as Peng Shan liquor industry) has become a bridge for Tianyang holding to turn over 2 billion 100 million yuan from the listed companies in the week.

Peng Shan wine industry was established in 2001 to produce and sell baijiu. As before the reform of Tuopai shede group, it is a state-owned enterprise in Shehong County, and the shareholder of Pengshan liquor is the state-owned assets supervision and Administration Office of Shehong County. < / P > < p > in 2016, when Tuopai shede group was restructured, although the shareholders of Pengshan liquor remained unchanged, they also carried out the overall evaluation and delivery. All the business operations of Pengshan liquor were managed by the relevant personnel assigned by Tianyang holdings. Therefore, shede liquor industry and Pengshan liquor industry are related in law. < / P > < p > let Tuopai shede group and shede liquor industry invest one after another and become a part of “Tianyang series” Investment Bureau, which is the usual way for Tianyang holding to make profits. On December 29, the board of directors of shede liquor disclosed that on December 27, the company received the notice of Suining Public Security Bureau on the investigation progress of the case of Liu Li and others’ breach of trust and damage to the interests of listed companies. The specific content is that in the investigation of the case of Liu Li and others’ breach of trust and damage to the interests of listed companies, it was found that Tianyang holdings used and shede liquor’s cooperative foreign investment to occupy the company’s funds The relevant criminal facts are under further investigation. < / P > < p > in 2018, Tianying chain factoring, a wholly-owned subsidiary of Tianyang holdings, established by Beijing Tianyang Investment Co., Ltd. (hereinafter referred to as Tianyang investment), increased its capital and shares. The company with a registered capital of 50 million yuan originally increased its capital by Tianyang investment to 152 million yuan, holding 38%, shede Liquor Co., Ltd. invested 100 million yuan, holding 25%, and Tuopai shede Group invested 148 million yuan, holding 37%. < / P > < p > according to the announcement on foreign investment and related party transactions disclosed by shede liquor at that time, after the completion of the factoring investment in Tianying chain, Tianying chain factoring will carry out the factoring business of the upstream suppliers in the supply chain, so as to support the operation and development of the upstream suppliers in each entity’s industrial ecological chain, which is conducive to strengthening the management of the company’s accounts payable and reducing the circulation circle Section of the fund occupation, revitalize the company’s available resources, extend the market value chain, and further enhance the company’s profitability. But so far, all the funds of Tianying chain factoring have been used by Tianyang holdings and its related parties. According to the annual report of shede liquor in 2019, as of the end of last year, the balance of long-term equity investment of the company was 120 million yuan, an increase of 4.44% over the same period of last year, mainly due to the increase of investment income of Tianying chain factoring, a joint-stock company accounted by equity method last year. < / P > < p > if it is said that shede liquor has only indirectly entered the investment territory of Tianyang holdings through Tianyang investment, then Tuopai shede group is directly involved. < / P > < p > on the evening of November 21, 2017, the office of Internet financial risk special work leading group issued the notice on immediately suspending the approval of Internet small loan companies, which decided that the regulatory departments of small loan companies at all levels should not approve new Internet (Internet) small loan companies, and prohibit new approval of small loan companies to carry out small loan business across provinces (regions, cities). < / P > < p > Beijing tuoquan micro credit Co., Ltd. was registered in Haidian District of Beijing on November 15, 2017, with a registered capital of 300 million yuan. Tianyang holding pulled Tuopai shede group in, holding 51% and 49% of shares respectively. On May 29 last year, the Beijing Municipal Bureau of Finance released the “information table of Beijing microfinance companies” on its official website. As of May 28, 2019, there are 132 microfinance companies in Beijing, among which tuoquan microfinance company is one. < p > < p > qixinbao shows that Tuopai shede group has invested as many as 24 enterprises abroad. In addition to wholly holding Sichuan Tuopai Electric Power Development Co., Ltd. and participating in Suining bank before restructuring, Tuopai shede Group invested 500 million yuan to establish Sichuan dream oriental culture Investment Co., Ltd. in 2016. The company showed abnormal operation in qixinbao because it publicized enterprise information, concealed the real situation and practiced fraud. < / P > < p > in addition to participating in Tianying chain factoring, Tuopai shede group also controls Beijing Hexin Tianbao investment and shares in tanchuan Group Co., Ltd., which is engaged in real estate. < / P > < p > in addition to its Tuopai shede group, which is about to be auctioned, the 21st century economic report reporter inquired about the national enterprise information publicity system and qixinbao and learned that among the 22 enterprises directly invested by Tianyang holdings, 600 million shares of Tianyang cultural and creative fund have been frozen, Shenzhen Tianyang Internet Financial Services Co., Ltd. has been cancelled last year, and dream oriental culture and Entertainment Group Co., Ltd. and Shenzhen Tianyang Internet Financial Services Co., Ltd The operation of Guoteng Investment Co., Ltd. is abnormal, and Tianyang land Co., Ltd. is restricted from high consumption. The bill dispute caused by it will be heard on January 26 next year. Tuopai shede group is also deeply involved in the equity freeze and contract dispute. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.