watched him rise up, watched him entertain guests, watched him collapse.
On June 20th, a failed auction brought the once famous Shanxi richest man, Li Zhaohui , into the center of the storm of media public opinion again.
According to information from Alibaba Auctions, on June 20, Haixin Group’s 843 receivables were auctioned, attracting 1,351 onlookers. This asset package worth 2.235 billion yuan has an appraised value of 140 million yuan. The price of
dropped again after no one dropped hammers and auctioned, even as low as 60 million yuan, which is more than 57% off the assessed price.
However, it still ended in failure and unsuccessful shooting.
The protagonist of this failed auction-Haixin Group, was once the largest private enterprise in Shanxi Province. The owner of Haixin Group, Li Zhaohui, was once the richest post-80s "rich second generation" in Shanxi Province, with a net worth of more than 125 At that time, Li Zhaohui was only 27 years old.
However, all the honors and auras are what it used to be. Now the Haixin Group has collapsed and its assets have been sold at a low price to repay debt. Li Zhaohui has even "lost" all of the 12.5 billion net worth and has been included in the "national dishonesty and enforcement" "List of people" has become "Laolai".
was ordered in danger, 22-year-old at the helm of steel giant
Li Zhaohui, is a veritable post-80s "rich second generation".
's father, Li Haicang , was once known as the "Shanxi Iron and Steel King". In 1987, he founded a coking plant in Wenxi County, Shanxi Yuncheng , and later established Haixin Steel. After more than ten years of development, Haixin Steel became Shanxi Province The second largest steel company and the largest private enterprise. Li Haicang, who holds 90% of
's shares, has become the famous Shanxi richest man.
However, a sudden shooting case completely changed the development trajectory of Li Zhaohui and Haixin Steel.
On January 22, 2003, Li Haicang was shot to death in his office due to personal grievances. He was only 48 years old. The murderer also committed suicide on the spot, which coincided with the 10th anniversary of the founding of Haixin Iron and Steel Group.
Li Haicang died too suddenly, leaving no last words, Haixin Steel had no leader for a time.
At that time, Li Zhaohui, who was still studying overseas and was under 22, was forced to suspend his studies and was ordered in danger. 28 days after Li Haicang's death, he returned to China to take over Haixin Steel and became the chairman of Haixin Steel, which has a total asset of over 4 billion.
"The company is my father's lifelong effort, and I can't let it fail in my hands." When he took over, Li Zhaohui publicly stated his position. In the first few years in charge of Haixin Iron and Steel, Li Zhaohui will seize the opportunity of rising steel, and business operations seem to be flourishing. According to a data released by Haixin Iron and Steel, in 2003 (the first year of Li Zhaohui’s takeover), Haixin’s total output value exceeded RMB 5 billion, paid over RMB 1 billion in profits and taxes, and contributed 300 million RMB to the local finance. The fastest and best year for Haixin to develop;
In 2004, Haixin completed a total output value of 7 billion yuan and realized profits and taxes of 1.2 billion yuan. In the same year, Haixin was rated as the nation's first private enterprise in tax payment.
In the 2004 "Forbes" "China Rich List", Li Zhaohui ranked 19th, surpassing his father's 27th.
In 2008, the 27-year-old Li Zhaohui became the youngest and richest man in Shanxi with a net worth of 12.5 billion yuan.
In January 2010, because of a wedding, the name of Li Zhaohui was really well known by the whole country. On January 25, Li Zhaohui married the movie star Che Xiao in a high-profile manner, instantly causing a screen effect in the entertainment and financial circles.
The wedding scene between Li Zhaohui and Che Xiao
The wedding banquet was set up with 500 tables and more than 200 luxury cars lined up to enter the venue. This lively wedding was simply better than the Spring Festival. Nearly 10,000 employees of Haixin attended the wedding without any attendants. Each person can also receive a 500 yuan red envelope.
Seeing his banquet guests, seeing his building collapsed
However, Li Zhaohui's highlight moment was short-lived and very short-lived.
The marriage between Li Zhaohui and Che Xiao lasted only one year and three months, and the two divorced, separated from each other, and Che Xiao returned to the entertainment industry. At that time, the media was even hyped: Che Xiao received 300 million yuan for the break-up fee, but Che Xiao rejected the rumors.
actor car Xiao
Since then, Li Zhaohui and Haixin Group began to plummet.
Due to crises such as the break of the capital chain and the debt crisis, Haixin Steel ceased production on March 19, 2014.
According to internal employees of Haixin Steel, unlike his father who focuses on the steel industry, Li Zhao is not interested in steel at all. He shifted his focus from manufacturing to finance and real estate, focusing on capital operations, and his role in Haixin Steel is more like a throwaway Shopkeeper.
In September 2006, Li Zhaohui resigned from the positions of general manager of Haixin Iron and Steel and Haixin Industry, and only retained the chairmanship. Since then, Li Zhaohui's frequent appearances in the capital market and large-scale acquisitions may be the foreshadowing of Haixin Steel's future crisis.
During this period, the operation and management of Haixin Steel mainly relied on direct relatives.
But after 2009, the direct relatives also parted ways. The sixth uncle of Li Zhaohui---Li Wenjie, served as the president of Haixin, and faded out of Haixin Group after 2009. Li Zhaoxia, the sister in charge of finance at Haixin Iron and Steel, also left, and no one was in charge of the company's management.
At the same time, the general environment of China's steel industry is also prosperous and declining. From the crazy expansion driven by infrastructure construction, it gradually transitions to overcapacity, and finally fell to almost the entire industry under the attack of iron ore prices and the financial crisis. Loss.
Under internal and external troubles, Haixin Steel collapsed. After 2014, Li Zhaohui faced huge debts.
Haixin executives once claimed that Haixin’s existing liabilities and external guarantees, , are approximately 10.459 billion yuan. According to a survey conducted by the Yuncheng Intermediate People’s Court, as of May 25, 2015, a total of 954 creditors declared a total of 234.09. Billion yuan, 14.3 billion yuan of confirmed claims, and 6.67 billion yuan of pending claims.
At this time, Haixin's book assets were only 10.068 billion yuan, and the debt ratio exceeded 232%.
On May 28, 2015, the first creditors meeting of Haixin Steel and other five companies in the reorganization case was held in a gymnasium that can accommodate more than 2,000 people. There were as many as 752 creditors, with 920 people participating.
is the most miserable second generation of the richest generation, reduced to "old Lai"
". In ten years, Haixin Steel became the cash machine of Li Zhaohui’s game capital market. Li Zhaohui continued to draw blood from Haixin Steel to the capital market. However, a lot of funds were eventually lost. Disappeared invisible." Southern Metropolis Daily said in a report.
As the capital chain of Haixin Steel broke, Li Zhaohui failed to provide enough funds to solve Haixin Steel’s dilemma and was eventually forced to declare bankruptcy.
However, Li Zhaohui could not get rid of the bad luck of debt collection.
On December 5, 2017, the Shanghai Higher People's Court published a piece of information about the enforcement of restrictions on exit, and the person to be enforced was Li Zhaohui. The information shows that Li Zhaohui, the person subject to execution, has been restricted from leaving the country by the court due to his failure to perform the obligations determined in the legal document.
used "Li Zhaohui, Shanxi" as keywords to search the China Judgment Document Net, and it showed as many as 133 judgment documents. These cases are mostly related to the chairman of Shanxi Haixin Group.
According to the court’s judgment, the main real estate under Li Zhaohui’s name has been auctioned, and the courts in Yuncheng, Shanghai, and Ningbo have confirmed that Li Zhaohui has no executable property under his name.
Li Zhaohui, 36, did not expect that the first half of his life would be like "riding on a roller coaster", falling from the highest point to the lowest point.
As of now, the former youngest and richest man in Shanxi has no longer appeared in public and disappeared from the world.
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