Tahoe Group's 1.634 billion yuan transfer of 17.45% of the shares of Beijing Science and Technology Construction Group failed to be auctioned. On January 12, according to Ali Asset Network, the 17.45% stake held by Beijing Science and Technology Park Construction (Group) Co., Ltd

Tahoe Group’s 1.634 billion yuan transfer of 17.45% of the shares of Beijing Science and Technology Construction Group failed to sell

html On January 12, according to Ali Asset Network, the 17.45% stake held by Beijing Science and Technology Park Construction (Group) Co., Ltd. failed to be auctioned due to no one bidding.

Viewpoint New Media learned that the auction target has an estimated price of 1.923 billion yuan and a starting price of 1.634 billion yuan. It is owned by Tahoe Group Co., Ltd.

previously reported that Tahoe Group currently has large amounts of expired and unpaid loans. As of June 30, 2023, the company's expired and unpaid borrowings amounted to 58.537 billion yuan. The company and some of its subsidiaries were listed as dishonest persons subject to enforcement for failing to fulfill their repayment obligations.

As of November 24, 2023, in addition to the above-mentioned major litigation cases, Tahoe Group has 326 new non-major cases due to construction contract disputes, commercial housing sales contract disputes, etc., with a total amount of 274.37 million yuan involved. Among them, the total amount involved in the cases in which Tahoe Group was the defendant was 272.96 million yuan. As a plaintiff, the total amount involved in the case is 1.41 million yuan.

China Cinda plans to publicly transfer the principal and interest of Zhonggeng Group’s debt assets totaling 1.524 billion

html On January 12, Guandian New Media learned from the Ali Asset Trading Network that China Cinda’s Fujian Branch planned to publicly transfer the project debt of Zhonggeng Real Estate Group Co., Ltd. assets.

It is reported that the debtors in this asset are located in Shanghai and Fuzhou City, Fujian Province. The expected disposal time is from June 2024 to December 2024. As of the base date of December 31, 2023, the total principal and interest of the asset's claims is 1.524 billion yuan. , including principal of 891 million yuan, restructuring compensation and liquidated damages of 633 million yuan, and advance expenses of 3.3425 million yuan.

According to the detailed list released by China Cinda Fujian Branch, the debt assets of the Zhonggeng Real Estate Group Co., Ltd. project involve five parts.

Specifically, Fujian Lianlong Investment Co., Ltd. provides mortgage guarantees for its land use rights and projects under construction located on the west side of Aojiang South Road (Plot 1), Jiangnan Township, Lianjiang County, Fuzhou City, Fujian Province. The land use rights and construction in progress on the west side of Aojiang South Road, Jiangnan Township, Lianjiang County (Plot 1) are located on the west side of Aojiang South Road, Jiangnan Township, Lianjiang County, Fuzhou City, Fujian Province. The planned use is residential; Fujian Lianlong Investment Co., Ltd. The land use rights under his name located on Aofeng Road (Plot 4), Jiangnan Township, Lianjiang County, Fuzhou City, Fujian Province and on the west side of Aojiang South Road (Plot 5), Jiangnan Township, Lianjiang County provide mortgage guarantees for Jiangnan Township, Lianjiang County Aofeng Road (Plot 4) and the west side of Aojiang South Road, Jiangnan Township, Lianjiang County (Plot 5) are located on the west side of Aojiang South Road, Jiangnan Township, Lianjiang County, Fuzhou City, and are planned for commercial use.

In addition, Fujian Lianlong Investment Co., Ltd. provides mortgage guarantees for its land use rights and projects under construction on the west side of Aojiang South Road, Jiangnan Township, Lianjiang County. The land use rights on the west side of Aojiang South Road, Jiangnan Township, Lianjiang County and The project under construction is located on the west side of Aojiang South Road, Jiangnan Township, Lianjiang County, Fuzhou City, and is planned for commercial use; Fuzhou Chengkai Real Estate Co., Ltd. provides some commercial real estate and parking spaces in Zone A, Xianghai New Town, Langqi Town, Mawei District, Fuzhou City, Fujian Province Set up a mortgage guarantee, and the collateral type is commercial.

Shenzhen Fang sued Evergrande. The Huizhou court has accepted the 420 million yuan loan dispute case.

html On January 12, Shenzhen Special Economic Zone Real Estate (Group) Co., Ltd. issued an announcement disclosing a loan contract dispute case involving an amount of approximately 419.5 million yuan.

announced that the case has been accepted by the People's Court of Huiyang District, Huizhou City. The plaintiff is Shen Shenfang, and the defendants include Guangdong Jianbang Group (Huiyang) Industrial Co., Ltd., Guangzhou Bobi Enterprise Management Consulting Co., Ltd., and Evergrande Real Estate Group Pearl River Delta Real Estate Development Co., Ltd. and Shenzhen Qijin Investment Co., Ltd.

According to the announcement, Shenzhen Fang acquired 51% of the equity of Jianbang Company held by Guangzhou Bobi in 2021, and agreed to provide interest-bearing loans to Jianbang Company in proportion to the equity.

After that, the five parties signed an agreement, stipulating that Shenzhen Real Estate would provide loans to Jianbang Company, and Jianbang Company would provide corresponding mortgages. At the same time, Guangzhou Bopi, Evergrande Pearl River Delta, and Shenzhen Qijin would pay 49% of the total loan amount, interest and liquidated damages. Bear joint and several liability.

Because Jianbang Company was unable to repay the loan, Shenshenfang filed this lawsuit in order to protect state-owned assets from losses.

Wanda Film Chairman Zhang Lin and Director Yin Xiangjin resigned. Ruyi and Ruyi joined the board of directors

html On January 12, Wanda Film Co., Ltd. announced the resignation of some directors and the election of non-independent directors.

According to the announcement, Mr. Zhang Lin and Ms. Yin Xiangjin have applied to resign from their positions as directors of the company and relevant positions in the special committees of the board of directors.

Mr. Zhang Lin, the former chairman, director and member of the strategy committee of the sixth session of the board of directors of the company, will no longer hold any position in the company after his resignation. His resignation application will be effective from the date of delivery to the board of directors.

In view of the fact that the election of the new chairman must go through corresponding legal procedures, in accordance with the relevant provisions of laws, regulations and the "Articles of Association", director and executive president Chen Hongtao will perform the duties of chairman on his behalf, starting from the date of announcement until the election of the board of directors. until the date of the new chairman's appointment.

Ms. Yin Xiangjin, former director of the company’s sixth session of the board of directors and member of the remuneration and assessment committee of the board of directors, her resignation will also mean that she will no longer hold any position in the company.

In order to ensure the normal operation of the board of directors, in accordance with relevant laws, regulations and the provisions of the "Articles of Association", Ms. Yin Xiangjin's resignation application will take effect after the shareholders' meeting elects a new director. Until then, she will continue to perform her duties as a director.

At the same time, the company's announcement also disclosed the election of new non-independent directors.

According to the provisions of the Articles of Association, the controlling shareholder Beijing Wanda Investment Co., Ltd. has nominated Ms. Chen Xi and Mr. Gong Qiao as non-independent director candidates for the company’s sixth board of directors. According to the

announcement, Chen Xi, female, born in 1982, Chinese nationality, graduated from the Central Academy of Drama with a bachelor's degree in acting and an MBA in finance from Tsinghua University PBC School of Finance. He founded Yingyitong Media in 2012, joined Shanghai Ruyi Film and Television Production Co., Ltd. as president in 2015, and has served as executive director of China Ruyi Holdings Co., Ltd. since 2021.

Gong Qiao, male, born in 1982, Chinese nationality, currently serves as the general manager of Beijing Ruyi Jingxiu Network Technology Co., Ltd. Mr. Gong Jiao served as coo of Coslight Games Group from 2006 to 2010; general manager of Shanda Game Studio from 2010 to 2014; general manager of Qihoo 360 Mobile Game Division from 2014 to 2017; and Dalian Tianshen Entertainment from 2017 to 2018. Deputy General Manager of the Co., Ltd.; from 2018 to 2019, he served as the General Manager of the Game Division of Chinese Online Group Co., Ltd.; from 2020 to 2022, he served as the strategic consultant of NBA Sports Culture Development Co., Ltd.

Wanda Film plans to slow down theater construction and use the remaining raised funds to permanently replenish working capital

html On January 12, Wanda Film Co., Ltd. announced that based on changes in the market environment and its own development and business strategies, it decided to terminate some investment projects with raised funds and use the remaining raised funds. Funds permanently replenish working capital. The

announcement shows that Wanda Film raised a total of 2.896 billion yuan in its non-public offering of shares in 2020. It was originally planned to be used to invest in the construction of "new cinema projects" and "2022-2023 cinema construction projects". In recent years, the film industry has been affected by the external environment, with single-screen output declining and theater operating pressure increasing.

Therefore, the company decided to slow down the construction of asset-heavy theaters and actively promote the transformation of asset-light theaters.

According to the announcement, as of December 31, 2023, the "New Cinema Project" has invested in the construction of 96 theaters, canceled or converted 14 theaters to light asset models, and has invested a total of 1.026 billion yuan in raised funds, with the remaining raised funds of approximately 373 million yuan; The "2022-2023 Cinema Construction Project" has invested in the construction of 24 cinemas, canceled or converted 26 cinemas to light asset models, with a cumulative investment of 222 million yuan in raised funds, and the remaining raised funds are approximately 416 million yuan.

Wanda Film stated that permanently replenishing working capital with the remaining raised funds will help improve the company's capital utilization efficiency, reduce financial costs, and better meet the company's capital needs for the sustained and steady development of its business.

The transfer of Wanda Film’s controlling stake has completed the industrial and commercial change registration procedures

html On January 12, Wanda Film Co., Ltd. announced the latest progress on the change of control.

According to the announcement, Beijing Hengrun Enterprise Management Development Co., Ltd. has transferred its 29.8% stake in Beijing Wanda Investment Co., Ltd., the controlling shareholder of Wanda Film, to Shanghai Ruyi Investment Management Co., Ltd. This equity transfer has been completed in 2024 The industrial and commercial change registration procedures were completed on January 12. The change of control of

began on December 12, 2023, when Beijing Wanda Cultural Industry Group Co., Ltd., Beijing Hengrun and Mr. Wang Jianlin signed an equity transfer agreement with Ruyi Investment.

According to the agreement, Ruyi Investment will obtain a total of 51% of Wanda Investment’s equity, including 20% ​​equity held by Beijing Wanda Cultural Industry Group, 29.8% equity held by Beijing Hengrun and 1.2% equity held by Mr. Wang Jianlin. The transfer price of this transaction totaled RMB 2.155 billion.

announced at that time that if the transaction was eventually implemented, the actual controller of Wanda Film would be changed to Mr. Ke Liming.