Recently, due to Luo Yonghao was issued a restraining order, Fuyao Glass Group Chairman Cao Dewang at the third China Enterprise Reform and Development Forum called on bankrupt entrepreneurs to stop using the word “old Lai” evaluation, in order to respect their personality. It has also caused a lot of controversy, with supporters saying that many entrepreneurs who are in debt have no subjective malice, while opponents say they are “debt-paying.”
So what other well-known entrepreneurs are restricted from spending in 2019 besides Luo Yonghao? Prospective Economist today to take you to take a look, do not see do not know, a look is really quite a lot.
Golden Voice: Jiang Peizhen
On September 19th China Executive Information Network published information on the breach of trust in Guangxi’s Golden Voice and the de facto controller, Jiang Peizhen. The implementation information shows that the specific breach of trust of Guangxi Golden Voice is “the ability to perform and refuse to perform the obligations established by the legal instrument seeking effect”, while the obligation established by the previous legal instrument is “to require the applicant Guangxi Golden Voice Food Co., Ltd. to pay 51.9498 million yuan”, as of the date of the execution of the information release Guangxi Golden Voice all failed to fulfill the above obligations. Jiang Peizhen, as the real controller of gold-voiced food, has been listed by the court as a “restricted consumer.”
The incident stems from an advertising dispute between Golden Voice Foods and Star Chinese International Media Co., Ltd. (“Star Chinese”). Goldvoice Foods refused to pay the advertising agency’s remaining advertising fees for refusing to pay the advertising agency Star-Scented Chinese, after being sued by Star Chinese for not recognizing the ratings of “Masked Singing Will Guess” and “Gestapo”.
On June 14, the Shanghai Higher People’s Court handed down a judgment in the second instance, ruling that Guangxi Golden Voice should pay 51.67 million yuan in advertising fees to Star Chinese within 10 days of the effective date of the judgment, and stating that the interest on the debt spending during the delay should be doubled.
According to the business information of the enterprise, Guangxi Golden Voice Food Co., Ltd. was established in February 2016, the legal representative is Jiang Shi.
Hammer: Luo Yonghao
The People’s Court of Danyang City has taken measures to restrict consumption because Hammer Digital Technology Co., Ltd. has not fulfilled its obligation to pay during the period of performance. The controller, Luo Yonghao, shall not carry out the consumption behavior necessary for high consumption and non-life and work. The filing date is September 4, 2019 and the date of issue is 30 October 2019.
Earlier, on September 24, the Danyang Municipal People’s Court had ordered Beijing Hammer Digital Technology Co., Ltd. to pay the plaintiff Jiangsu Chenyang Electronics Co., Ltd. 3705991.6 yuan within 10 days.
On July 8, 2019, the Liannan Yi Autonomous County People’s Court took measures against Luo Yonghao to restrict consumption, in connection with a dispute with Liu Rongcai and Song Yuman over personal injury damages.
Chain Home: Left
On March 5, 2019, the Dongcheng District People’s Court of Beijing issued a restraining order to restrict consumption by imposing measures on The Beijing Chain Home Real Estate Brokerage Co., Ltd. and the actual controller, Zuo Wei.
The chain home issued a notice that the chain home is the room service party of this single transaction, has been actively cooperating with the buyer and seller of the transaction to advance, because the judgment item signed the chain family needs to assist in the transfer, so the chain home is also listed as the executed person in this case. The case has nothing to do with Mr. Zuo.
According to the business information, Beijing Chain Home Real Estate Brokerage Co., Ltd. was established in September 2001, the legal representative is Peng Yongdong.
Youth Car: Pang Youth
On April 18, 2019, the Tai’an Intermediate People’s Court took measures to restrict consumption against Tai’an Youth Real Estate Development Co., Ltd., Tai’an Youth Automobile Co., Ltd., Jinhua Youth Automobile Manufacturing Co., Ltd., and Youth Automobile Group Chairman Pang Youth, in connection with a dispute over a loan contract with Taishan Venture Capital Co., Ltd. in Tai’an Development Zone.
On March 4, 2019, the Tai’an Intermediate People’s Court, for failing to implement the loan contract with Taishan Venture Capital Co., Ltd. of Tai’an Development Zone, adopted measures to restrict consumption against Tai’an Youth Real Estate Development Co., Ltd., Tai’an Youth Automobile Co., Ltd. and the controller Pang Youth.
On February 13, 2019, the Jinhua City People’s Court took measures to restrict consumption against Zhejiang Youth Passenger Vehicle Group Co., Ltd. and Pang Youth due to a dispute over a contract of transport with Jilin Jiaye Logistics Co., Ltd.
On January 15, 2019, the Jinhua City People’s Court took measures to restrict consumption against Jinhua Youth Automobile Manufacturing Co., Ltd. and Pang Youth due to a labor dispute with Chen Zhifeng.
On February 27, 2019, the Jinhua City People’s Court took measures to restrict consumption against Zhejiang Youth Passenger Vehicle Group Co., Ltd., Tai’an Youth Automobile Co., Ltd. and Pang Youth, due to a dispute over a contract for the sale of Zhangzhou Wei technology co., Ltd.
On February 14, 2019, the Jinhua City People’s Court took measures to restrict consumption against Jinhua Youth Automobile Manufacturing Co., Ltd. and Pang Youth due to labor disputes with Chen Jinhong and Yuan Weilong.
On the same day, the Jinhua City People’s Court took measures to restrict consumption against Jinhua Youth Automobile Manufacturing Co., Ltd. and Pang Youth, due to a dispute over a contract for the sale of industrial parts with Hebei Tanda Auto Parts Co., Ltd.
On February 1, 2019, the Jinhua City People’s Court took measures to restrict consumption against Jinhua Youth Automobile Manufacturing Co., Ltd. and Pang Youth due to a dispute over financial compensation with Du Defei.
In addition, in 2019 Pang Youth has also been subject to a number of disputes under the restriction of consumption orders, such as the labor dispute with Cheng Chong’an, Fang Yueqing and others, and Chen Yeqing’s labor dispute arbitration, and Zhejiang Olida Hydraulic Machinery Co., Ltd., Beijing Anjielid Technology Co., Ltd., Zhanjiang City Public Transport Group Co., Ltd., the sale of contract disputes, Civil disputes with Shanghai Ruihui Asset Management Co., Ltd.
Pang, who has been repeatedly listed by the court as a breach of trust in 2017 and 2018, has caused a stir with his youth car group for promoting Nanyang’s “water-hydrogen-engined cars.”
According to the business information, Youth Automobile Group Co., Ltd. was established in January 2001, the legal representative is Pang Youth.
Yu Hui Sunshine: Li Xianshou
Jiashan County Court in July this year issued to The Sunshine in a restraining order, said that the Court on July 12, 2019 to file a case of applicant Jiaxing Bo and Nili Machinery Co., Ltd. application for the execution of your unit’s sale contract dispute, because your unit did not fulfill the implementation of the effective legal instruments specified in the period specified in the implementation notice, In accordance with the provisions of the Court to your unit to take measures to restrict consumption, restrict your unit and your unit Li Xianshou may not implement the following high consumption and non-life and work necessary consumption behavior, including the use of transportation, the choice of aircraft, train soft sleeper, ship second class and above, etc.
Earlier, Rene Sola Ltd, a subsidiary of Sunlight, announced on July 8 that Mr. Li Xianshou, The Ceo of the Company, had resigned as CEO for personal reasons, including in management positions at the subsidiary. The Board of Directors appointed Ms. Shelley Xu as the company’s new CEO.
According to the data, Mr. Li has been a director and chief executive officer of Rene Sola since March 2005.
Zhongsheng Optoelectronics: Wang Xinghua
On April 1st Wang Xinghua, the founder of Zhongsheng Optoelectronics, was restricted by the courts.
According to the national court implementation information platform shows that the execution court of Zhongsheng optoelectronic sinof loss of trust information is the Zhenjiang Economic Development Zone People’s Court, the implementation of the law according to the document (2018) Su 11 People’s End 3009, case number (2019) Su1191 no. 24, the basis for the implementation is Zhenjiang City Intermediate People’s Court, The specific circumstances of the act of the person who lost his trust are “violation of the property reporting system”.
Previous judgments show that Taitong (Taizhou) Industrial Co., Ltd. paid the principal amount of the loan of Zhenjiang Export Processing Zone Hong Kong Cheng International Trade Co., Ltd. rmb 5688867.90 and the interest of RMB 2649638.77 as of August 7, 2018, and the interest on August 8, 2018 is RMB 5688867.90 as the principal of the principal at 1.5 % calculation. Zhongsheng Optoelectronics Energy Co., Ltd. is jointly and severally liable for the above-mentioned repayment obligations of Taitong (Taizhou) Industrial Co., Ltd.
This year, Wang Xinghua has been repeatedly issued to limit consumption orders.
Huaxin International: Li Yong, Su Weizhong
Li Yong, chairman of Huaxin International, and Su Weizhong, the de facto controller, were included in the list of restricted consumers, according to China’s executive information bulletin network.
At the same time, Huaxin International and controlling shareholder Shanghai Huaxin International Group Co., Ltd. were included in the list of persons executed for breach of trust.
According to statistics, in 2018 alone, Huaxin International defaulted on 11 bonds, involving a default amount of up to 15.5 billion. Huaxin International’s gross profit for the full year of 2018 was only 104 million.
Boyuan Investment: To Jianlong
According to the announcement of the People’s Court of the Lower City Of Hangzhou City, The Arch North Branch of Zhuhai Boyuan Investment Co., Ltd. and Xiang Jianlong were taken measures to restrict consumption due to a contract dispute with Cheng Ruming.
After investigation by the CSRC, Boyuan Investment has not disclosed the actual controller of the company according to the provisions, did not truly disclose the performance of some of the company’s share reform commitments, and regularly reported false financial data and other issues.
OFO Little Yellow Car: Dewey
DaiWei and his Dongxia Chase (Beijing) Management Consulting Co., Ltd. have also been subject to repeated court rulings in 2019 to limit consumption, including labor disputes, contract disputes and so on.
直至今日,仍有不少ofo用户表示尚未收到押金退款。 In recent years, ofo has closed its national offices and quietly moved out of Zhongguancun. Ofo is also reportedly actively experimenting with new businesses such as smart electric cars.
Tu Song: Wang Lifeng
In July 2019, the Haidian District People’s Court in Beijing issued a restraining order against Wang Lifeng. In addition, Wang Lifeng in June, January, October this year, etc. have been issued a restriction of consumption orders.
From November 2018, Wang Lifeng’s Tuge Share car has been exposed to negative information such as defaulting on deposits, salary arrears and supplier payments.
According to the business information of the enterprise, Beijing Tuge Technology Co., Ltd. was established in July 2015, and shi Yulian is currently the legal representative.
Conde Group: Zhong Yu
In early 2019, Conde Group was investigated for failing to pay negative news such as bonds and financial fraud. The Conde Group reportedly posted a $11.9 billion profit in flat between 2015 and 2018. Zhong Yu, the chairman of Conde, has also been issued several times this year by the courts to restrict consumption.
Furen Pharmaceuticals: Zhu Wenchen
On July 12, 2019, Zhu Wenchen was listed as a “breach of trust executed person” by the Yuexiu District People’s Court of Guangzhou City for failing to fulfill the payment of “the remaining principal amount of 11.5 million yuan of accounts receivable”.
Since this year, Zhu Wenchen has been repeatedly issued by the court to limit consumption orders.
Earlier, Zhu Wenchen’s real-control of the auxiliary medicine industry has announced that it can not pay a cash dividend of 62.7158 million yuan on time. According to media reports, Furen Group may be involved in a number of private loan disputes, and then by creditors to apply for property preservation.
Blue Cursor: Zhao Wenquan
Zhao Wenquan, founder, chairman and CEO of the blue cursor of the listed company, was listed as the person executed by the Beijing Second Intermediate People’s Court as a person who had lost his trust and was restricted from flying by air, high-speed rail and other high-consumption behavior because he had failed to fulfill the amount of money determined by the legal instrument to the applicant.
Blue Cursor business, which involves marketing services, digital advertising and international business, was listed on the Shenzhen Stock Exchange in 2010 and became Asia’s largest public relations company in August 2012, known as “China’s first public relations company”.
The Second Intermediate People’s Court of Beijing filed a case on November 15, 2018 in which the applicant, Li Wei, Liu Cailing, Tibet’s Shannan Bojie Investment Advisory Partnership (Limited Partnership), and the Shannan Bomeng Venture Capital Management Partnership (Limited Partnership) of Tibet, applied for the execution of Zhao Wenquan contract, unmanaged management and improper profits.
Hanergy Group: Li Hejun
Hanergy Group has been repeatedly reported this year to lay off pay, arrears of staff pay and other negative news. Its founder, Li Hejun, had to send an open letter saying he would not run.
In January, the Beijing No. 3 Intermediate People’s Court issued a restraining order against Li Hejun in connection with a dispute over improper profits with Castrol Capital Management Co., Ltd.
Li Hejun was named the richest person in mainland China in 2015 with a fortune of 160 billion yuan on Hurun’s global rich list.