Source: 2022-09-16 11:01·First Financial
If you set out from Shenzhen on the shore of the Pacific Ocean to Totola Island in the Atlantic Ocean, you need to travel across half of the earth, and the journey will reach tens of thousands of miles. However, Totola Island, which most people seem to be out of reach, has now become the possible name of the huge assets under the name of Yao Jianhui, the "second boss" of Baoneng system.
First Financial reporter found that in Totola Island in the Virgin Islands, the parent companies of many Hong Kong companies such as the Jixiang Group, Baokai Group, and Chaohe Group are registered. All signs indicate that these companies are closely related to Yao Jianhui, the Baoneng Group.
Yao Jianhui is the younger brother of the actual controller of Baoneng Group Yao Zhenhua . Unlike Yao Jianhua, who is well-known for the public, Yao Jianhui may be better at hiding himself through offshore company .
can be checked information showing that the companies such as Jixiang, Baokai, and Chaohe, which are related to Yao Jianhui, have many connections with the Baoneng Group. The arrangement of these assets originally belonging to the Baoneng Group to enter the aforementioned offshore company through layer-by-layer transfers began four or five years ago and reached its peak in the second half of 2020. Only a small part occurred in December 2021. The party in which the assets inflow in
include Hong Kong companies that were established a few months before the assets were received; and the Hong Kong companies that were established 7 years ago; and the party in which the assets were transferred was mainly Shenzhen Shenzhen Shenzhen Logistics Group Co., Ltd. (hereinafter referred to as "Shenzhen Logistics"), which also involved assets under Baoneng Holdings and Baoneng Real Estate.
How does this happen? What are the unknown hidden stories behind it?
"Fantasy Drift" of Shenzhen Industry Logistics Center
Shenzhen Shenzhen Industry Logistics Center, also known as Baoneng Center or Liujin Plaza. According to the bond rating tracking report related to Jushenghua and Shenzhen Logistics, Shenzhen Logistics Center has 800,000 square meters of rental and sale properties.
public information shows that Shenzhen Industry Logistics Center is located in the Sungang area of Luohu District, Shenzhen, and contains a 300-meter super high-rise tower, a 100-meter-high tower and a 60-meter-high commercial podium. The project is positioned as a large urban complex with jewelry as the core driving element.
In 2014, Shenzhen Logistics established an operating company for the center - Shenzhen Logistics Center Investment Development Co., Ltd. (hereinafter referred to as "Logistics Investment and Development"), with an initial registered capital of 500 million yuan; after two capital increase in September and November 2019, its registered capital reached 1.3 billion yuan, exceeding Shenzhen Logistics' own registered capital of 920 million yuan.
In February 2020, Shenzhen Jirun Investment Co., Ltd. (hereinafter referred to as "Jirun Investment"), an indirect wholly-owned subsidiary of Shenzhen Logistics, obtained 51% of the equity of Logistics Investment through an increase of 1.353 billion yuan, and Jirun Investment's paid-in capital was 0.
Since Jirun Investment is still in Shenzhen Logistics, until this time, logistics investment and development did not leave Shenzhen Logistics system at that time.
But a month later, a new situation happened. In March 2020, Shenzhen Industry Logistics transferred 49% of the shares held by the logistics investment to Shenzhen Yaoguanglian Industrial Co., Ltd. (hereinafter referred to as "Yaoguanglian"), with a registered capital of only 10 million yuan. Yaoguanglian's shareholder is Shenzhen Yaoguanglian Technology Co., Ltd., and the latter shareholder is Hong Kong Yaoguanglian Co., Ltd.
Two years later, in March 2022, 100% of the equity of Yaoguanglian was transferred to Jinshuo Macau Offshore Commercial Services Co., Ltd., and the latter could not find the actual controller in the mainland enterprise registration system. The actual ownership of the 49% equity issued by Logistics Investment is currently unknown.
, and the 51% equity held by Jirun Investment, after many changes, finally broke away from the Shenzhen Industry logistics system and entered the Hong Kong super-combination system.
Jixiang Industry Transportation Divide the whole and the whole
Before October 2020, Jirun Investment's 100% equity was originally held by Shenzhen First Space Operations Management Co., Ltd. (formerly known as Shenzhen Baoneng Health City Co., Ltd., renamed in July 2017, hereinafter referred to as "First Space"). In October 2020, First Space transferred 100% of Jirun Investment's equity to Shenzhen Jixiang Industrial Operation Co., Ltd. (hereinafter referred to as "Jichuang Industry Transportation").
Not long ago, Jixiang Industry Transportation was also a third-level subsidiary of Shenzhen Industry Logistics.In September 2020, Shenzhen Industry Logistics transferred 98% of the equity of Shenzhen Laihua Industrial Co., Ltd. (formerly known as Shenzhen Baoneng Hi-Tech Industrial Co., Ltd.; Shenzhen Liujin Plaza Investment Co., Ltd., hereinafter referred to as "Laihua Industrial"), the indirect shareholder of Jixiang Industrial Co., Ltd., to Yao Jianhui, which made Jixiang Industrial Co., Ltd. separated from Shenzhen Industry Logistics and became controlled by Yao Jianhui.
In December 2021, Jixiang Industry Transport's parent company Laihua Holdings Group Co., Ltd. (formerly known as Laihua Commercial Real Estate Co., Ltd., was renamed in September 2020. hereinafter referred to as "Laihua Holdings"), transferred 100% of Jixiang Industry Transport's equity to Shenzhen Chaohe Industrial Co., Ltd. (hereinafter referred to as Shenzhen Chaohe). Therefore, Auspicious Production and Transportation has entered the Hong Kong Super Alliance System from Yao Jianhui.
reporter found through the Hong Kong Registration Company Inquiry Office that Shenzhen Chaohe’s parent company is Hong Kong Chaohe Co., Ltd. (hereinafter referred to as “Hong Kong Chaohe”), and the Hong Kong Chaohe’s parent company is “BEYOND UNITY LIMITED” registered in Totola Island, Virgin Islands.
"exit" of Jixiang Industry and Transportation took away its Jirun Investment and completed the change of ownership of 51% of the equity of Logistics Investment. On July 11, 2022, Logistics Investment and Development was renamed "Shenzhen Ji'ao Industrial Co., Ltd.". Since the Virgin Islands prohibited querying company registration information, in the end, the company with a registered capital of 2.653 billion yuan and its subsidiaries, as well as the grandmother company of Logistics Investment, Jixiang Industry and Transportation, has become a mystery.
was established in 2011 for Auspicious Production and Transportation. It was originally named Shenzhen Sungang Crafts Gift City Co., Ltd., and was renamed to its current name in 2018.
With the change of equity, logistics investment and other industries under Jixiang Industry Transportation have also been transferred, including Shenzhen Laihua Supply Chain Co., Ltd. with a registered capital of 130 million yuan; and Shenzhen Fubaolou Property Co., Ltd. and Shenzhen Chuangbaozhan Commercial Co., Ltd.
In a recent report titled "Ju Shenghua: Assets are excellent, industrial potential is great, and phased difficulties are being resolved in an orderly manner", the two property assets of Shenzhen Logistics Center and Sungang Crafts City did not appear in the company profile of Shenzhen Logistics. Whether these two properties were transferred together with the equity of Logistics Investment and Jixiang Industry Transportation, the reporter tried to verify with Baoneng, but failed to contact the other party as of press time.
Laihua Industrial Transformation Record
In September 2020, Shenzhen Industry Logistics transferred Laihua Industrial to Yao Jianhui, which was also a big move.
At that time, 98% of Laihua Industrial's equity was transferred from Shenzhen Industry Logistics to Yao Jianhui. After the transfer of Laihua Industrial's equity, Laihua Holdings also left the Baoneng Group. According to information, the company was originally named Shenzhen Xinbaokang Vegetable Industry Co., Ltd., with a registered capital of 5 billion yuan, and the company is Yao Zhenhua's starting asset.
Before and after the change of control of Laihua Industrial, Laihua Holdings also acquired Shenzhen Laihua Urban Development Co., Ltd. (formerly known as Shenzhen Chuangbang Real Estate Co., Ltd., which was originally owned by Chuangbang Group Co., Ltd., a subsidiary of Jushenghua, with a registered capital of 1.2 billion yuan, hereinafter referred to as "Laihua City Fa").
After that, Shenzhen Baoneng Chuangzhan Real Estate Co., Ltd. (registered capital of 1.5 billion yuan, hereinafter referred to as "Boneng Chuangzhan"), which was originally Baoneng Real Estate Co., Ltd., was also transferred to Yao Jianhui in January 2021, and entered the name of Laihua Holdings, a subsidiary of Yao Jianhui three months later.
After Laihua Holdings was controlled by Yao Jianhui, it established Shenzhen Laiwei Supply Chain Co., Ltd. (registered capital of 200 million yuan), which established Shenzhen Shenghang Industrial Operation Co., Ltd. (formerly known as Shenzhen Laihua Industrial Operation Co., Ltd., which was renamed in February 2022 with a registered capital of 800 million yuan. hereinafter referred to as "Sheng Airlines Production and Transportation").
Subsequently, Shenzhen Baoshun Logistics Information Technology Co., Ltd., a subsidiary of Shenzhen Logistics, transferred 100% of the equity of First Space (registered capital of 300 million yuan) to Shengair Industry Transportation in December 2021. As a result, Jirun Investment's original parent company No. 1 Space also separated from Shenzhen Industry Logistics and returned to Yao Jianhui's name.
This surprised people insiders. A person close to the Baoneng Group told the First Financial reporter that in the second half of 2021, Shenzhen has set up a special team to be responsible for Baoneng's assets and debt matters. "This special team is led by the Financial Bureau. According to the principle, it is no longer possible to handle industrial and commercial changes related to the Baoneng Group in December 2021."
After such a maneuver, many important companies such as Laihua Industrial, Laihua Holdings, Baoneng Chuangxing, and Sheng Airlines Industry Transportation have all belonged to Yao Jianhui's name. The registered capital of these companies is between 800 million and 5 billion yuan, and they are large-scale enterprises in the Baoneng Group with capital .
Whose super-combination system
The above-mentioned assets, such as Laihua system and Logistics Investment and Development, which were originally owned by Shenzhen Logistics, have gradually been cleared from the Baoneng system after a series of operations such as equity changes and company name changes.
data shows that Shenzhen Laihua Commercial Management Co., Ltd. (formerly known as "Shenzhen Baoneng Commercial Management Co., Ltd.", hereinafter referred to as "Laihua Commercial Management"), established in December 2018, was originally held 100% by Baoneng Holdings (China) Co., Ltd., and after it was transferred to Laihua Holdings in September 2020, as most of Laihua Holdings' equity was transferred to Yao Jianhui's name, it also became an asset under Yao Jianhui's name.
But in December 2021, Laihua Holdings transferred all of it to Shenzhen Chaohe. At this point, Laihua Business Management flowed from Yao Jianhui to Hong Kong Chaohe's name.
And with the changes in Laihua Commercial Management's equity, its 11 companies have also become subsidiaries of the Chaohe Group. These include 8 local cinema companies invested by Shenzhen Laihua Cinema Investment Co., Ltd., as well as commercial management companies located in Ganzhou , Yizheng , Shantou, Shenzhen Baoneng City, Nanning , Hefei, Wuxi and other places.
Hong Kong company registration information shows that Hong Kong Chaohe was established in August 2021 with a registered capital of HK$10,000, and there is only one director named Chen Hao. The company was established only 4 months before it acquired assets such as Auspicious Products and Transportation and Logistics Investment.
Tianyan Check information shows that Chen Hao has a deep connection with the Yao family through companies such as Aoyue Industrial Co., Ltd. (hereinafter referred to as "Aoyue"), Shenzhen Leading Commercial Management Co., Ltd. (hereinafter referred to as "Shenzhen Leading").
Aoyue registered in Nanshan District, Shenzhen. In June 2017, Chen Hao replaced Zhu Hongbiao as the company's general manager. In July 2020, Chen Hao's position was taken over by Yao Xiangwen. It is understood that Yao Xiangwen is Yao Zhenhua's sister.
In addition, Chen Hao is also the promoter shareholder of Shenzhen Leader, and once held 99% of the company's shares. Shenzhen Leader once served as a transit role for the transfer of equity of Sheng Airlines (formerly known as Shenzhen Laihua Industrial Operations Co., Ltd., now an asset under Yao Jianhui's name).
Zhu Hongbiao, who has served as general manager in Aoyue, is currently serving as the legal representative of Shenzhen Fangjia Construction Service Co., Ltd. and Shenzhen Fangjia Architectural Design Co., Ltd. .
According to the report of the First Financial News in an earlier report of "1 billion to acquire Shaoneng Shares equity, Shenzhen Zhimao is suspected of "the vest" by Yao Jianhui", Liao Nangang, the actual controller of Shenzhen Zhimao Commercial Management Co., Ltd., which captured the shares of Shaoneng Shares, and the companies controlled by Hubei Dayu and Shenzhen Fangjia Architectural Design Co., Ltd., have many suspected relationships with Yao Jianhui.
can be checked information shows that the signature contact person for the 2022 anniversary application form of Hong Kong Super He is named Huang Lijie, and Huang Lijie is currently the designated industrial and commercial affairs contact person of Shenzhen Zhimao. In addition, Hong Kong registration information shows that Huang Lijie is also the company secretary who signed the anniversary application form of Hong Kong Fangjia Construction Services Co., Ltd., the parent company of Shenzhen Fangjia Architectural Design Co., Ltd.
The connection between Zhu Hongbiao and the Yao family is more than that. According to the information that in 2017, when a company called Hong Kong Mascot Property Services Co., Ltd. was established, Zhu Hongbiao served as the sole director. According to insiders, Hong Kong Mascot Property is controlled by Yao Xiangwen, the company is mainly engaged in property services and it was once rumored to intend to IPO on the Hong Kong Stock Exchange.
information shows that Hong Kong Jixiang Service has a registered capital of HK$10,000. Its shareholder is JIXIANG PROPERTY LIMITED (JIXIANG PROPERTY LIMITED) registered in Totola Island, Virgin Islands, and its director is Yang Hui. After Hong Kong Registration Easy inquiry, the contact person for signing the 2020 weekly report application form of Hong Kong Jixiang Service is also Huang Lijie.
According to the First Financial Daily, Shenzhen Jixiang Service Group Co., Ltd., a subsidiary of Hong Kong Jixiang Service, once served as a transit role in the transfer of equity issued by Logistics Investment. The company has 12 property management companies.
Yao Jianhui's Baokai series
In early 2021, it was reported that the brothers Yao Zhenhua and Yao Jianhui separated from the Baoneng series. A person familiar with the matter told reporters, "Yao Jianhui's asset transfer actually started in his home four or five years." What
can be confirmed is the Hong Kong "Baokai Group" controlled by Yao Jianhui, and the many assets between the Baoneng Group are transferred.
data shows that in December 2017, Laihua Commercial Real Estate (i.e. Laihua Holdings), which is still under the Shenzhen Industry logistics system, transferred all of the 100% equity of Laihua Taisheng Co., Ltd. (hereinafter referred to as "Laihua Taisheng") to Shenzhen Baokai Co., Ltd. controlled by Hong Kong Baoda Co., Ltd.
In March 2021, the Baoda Group transferred all the shares of Laihua Taisheng to Shenzhen Baokai Investment Holdings Co., Ltd. (formerly known as Shenzhen Baowan Investment Holdings Co., Ltd., hereinafter referred to as "Shenzhen Baokai"). The latter is wholly owned by Hong Kong Baokai Industrial Holdings Co., Ltd. (hereinafter referred to as "Hong Kong Baokai"), which was established in Hong Kong in August 2015.
According to Hong Kong company registration information, Hong Kong Baokai has a registered capital of HK$1, and Yao Jianhui serves as a director. The parent company is Bao Da Financial International Limited, which is registered in Totola Island, Virgin Islands. This means that after the above-mentioned twists and turns, Lai Hua Taisheng was eventually acquired by Yao Jianhui.
In June 2018, Laihua Holdings, which was also named Laihua Commercial Real Estate, transferred its name Laihua Taifeng Co., Ltd. (a developer of Ganzhou Taikoo City) to Laihua Taisheng. After Laihua Taisheng flowed to the Baokai Group, Ganzhou Taikoo City also became a Hong Kong Baokai industry.
Shenzhen Industry Logistics has become an "empty shell"?
In Yao Zhenhua's capital map, Jushenghua and Shenzhen Industry Logistics are two important puzzles. As many assets are transferred out of the body, Shenzhen Logistics, which is heavily in debt, may have little value left.
Shenzhen Logistics' original name is Shenzhen Sungang Warehouse Enterprise Co., Ltd. According to people familiar with Yao Zhenhua, Yao Zhenhua’s first job after graduating from university was Shenzhen Logistics Group, and he had a lot of feelings for Shenzhen Logistics Group.
In 2003, Yao Zhenhua obtained 46% of the equity of Shenzhen Logistics through bidding and other channels, and thus obtained the Sungang warehouse owned by Shenzhen Logistics. Later, the Shenzhen Logistics Logistics Center was built based on the upgraded comprehensive logistics park of the Sungang Warehouse.
Nowadays, with logistics investment and Jixiang Industry Transportation entering Hong Kong Chaohe, Laihua Industrial and Laihua Holdings flowing to enterprises controlled by Yao Jianhui, Shenzhen Logistics has few assets left.
disclosed data shows that in 2021, Shenzhen Logistics' revenue dropped sharply from 5.879 billion yuan last year to 1.695 billion yuan; net profit dropped sharply from 10 billion yuan to a loss of 5.578 billion yuan. A creditor of a Shenzhen Logistics Logistics told reporters that Shenzhen Logistics no longer has many valuable assets.
reporter learned from people close to Baoneng that the equity of Shenzhen Logistics is jointly held by Yao Zhenhua and Yao Jianhui, but the actual operation and management are all under the responsibility of Yao Jianhui. "The big boss (Yao Zhenhua) does not care about Shenye Logistics, and the statements are generally signed by the second boss (Yao Jianhui)." The above-mentioned people close to Baoneng told reporters.
Shenzhen Logistics' 2021 annual report shows that as of the end of that year, the company's total assets were 95.6 billion yuan, and the total liabilities reached 60.8 billion yuan, while the balance of other receivables occupied by major shareholders and related parties in the assets was as high as 32.7 billion yuan.
According to the annual report, as of the end of December 2021, Shenzhen Logistics had not recovered non-operating transactions and funds borrowed totaling 25.167 billion yuan, of which the controlling shareholder, actual controller and other related parties had a total of 24.045 billion yuan in funds borrowed or borrowed. During the same period, the total amount of external guarantees of Shenzhen Logistics and its subsidiaries reached 33.598 billion yuan.
"If the related deposit cannot be collected and the external guarantee liability is to be borne, then Shenzhen Logistics may be insolvent." A professional financial person told the First Financial Daily.
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