When mentioning the richest woman in Zhejiang, I believe the first thing you will think of is Zhou Xiaoguang, who is known as the most inspiring female entrepreneur in China. It is not easy to be the richest man, but everyone knows that he owes a lot of debts behind him.

When mentioning the richest woman in Zhejiang, I believe the first thing you will think of is Zhou Xiaoguang, who is known as the most inspiring female entrepreneur in China. It is not easy to be the richest man, but everyone knows that he owes a lot of debts behind him. According to the latest news, Zhou Xiaoguang, the richest man in Zhejiang, has been included in the list of "untrustworthy persons" for breach of contract worth tens of billions of yuan. Let’s take a look.

In the past, news media reported that Zhou Xiaoguang had already fallen into crisis. In September last year, his funds were frozen by the court. Due to real estate projects, he incurred tens of billions of debts, and now he has become a "old man." Now the richest man in Zhejiang, Zhou Xiaoguang, has fallen from the altar. How can Zhou Xiaoguang, who is now heavily in debt, overcome this difficulty?

According to reports, Zhou Xiaoguang, the debt-ridden former richest woman in Zhejiang, has new troubles. There are three main types of troubles. On March 31, Tianyancha data showed that Shin Kong Holdings had several new legal actions related to property preservation. On March 30, *ST Shin Kong, a listed company under Shin Kong Holdings Group , received an investigation notice from the China Securities Regulatory Commission. Listed companies expect net losses attributable to shareholders of listed companies to be between 75 million yuan and 100 million yuan in the first quarter.

Zhejiang's richest woman Zhou Xiaoguang has become a "lao Lai"

Zhejiang's richest woman Zhou Xiaoguang is the prototype of the TV series "Chicken Feathers Flying to the Sky". This TV series is basically about this company. Born in Zhuji, Zhejiang Province in November 1962, he entered the business world in 1978. It is said that she did business in major and medium-sized cities in China from 1978 to 1986, and in Yiwu Small Commodity Market from 1986 to 1995. Later, in 1995, she founded Xinguang Jewelry Company and became the chairman of Zhejiang Xinguang Jewelry Co., Ltd.

Since 2004, he has served as the chairman of Xinguang Holding Group Co., Ltd. and the president of Zhejiang Jewelry Industry Association. After years of entrepreneurship, Shin Kong has developed into a large private enterprise group with certain influence in the industry across the country and around the world. . In the 2017 Hurun Rich List, Zhou Xiaoguang and his wife ranked 65th with a net worth of 33 billion yuan. In 2018, she was among the top 26 in Hurun's global "Self-Made Rich Women List" and became the richest woman in Zhejiang.

1, was investigated for illegal external guarantees and misappropriation of funds by major shareholders. On March 30, *ST Shin Kong, a listed company under Shin Kong Holdings Group, received an investigation notice from the China Securities Regulatory Commission. The notice stated that because *ST Shin Kong failed to disclose external guarantees and capital occupation by major shareholders as required, according to the " The relevant provisions of the Securities Law of the People's Republic of China were decided to initiate an investigation.

At the same time, Xinguang Yuancheng also issued an announcement regarding major litigation against the company’s secondary wholly-owned subsidiary. Dongyang Yunhe Real Estate Co., Ltd., a second-tier wholly-owned subsidiary, recently received a summons, civil complaint and other relevant materials involved in the case from the Jiangsu Higher People’s Court. The case has been accepted by the court and has not yet been heard. In addition, the total amount involved in other lawsuits that did not meet the disclosure standards for major litigation was 69.9616 million yuan.

In addition, Ping An Pension Insurance Co., Ltd. applied to the court for pre-litigation property preservation in December 2018. The Shanghai Pudong New District People’s Court ruled to freeze the bank deposits of RMB 23.1875 million of Shin Kong Holdings Group Co., Ltd., Chairman Zhou Xiaoguang, and Director Yu Yunxin. , or seal up or detain their property of corresponding value. The total performance of

2, Shin Kong Group promised when backdooring in 2015, totaling 4 billion yuan, has been unable to be fulfilled. According to the performance forecast for the first quarter of 2019 disclosed by *ST Shin Kong, during the first quarter, the net loss attributable to shareholders of the listed company is expected to be 75 million to 100 million yuan, compared with a net loss of 68.8459 million yuan in the same period last year. Shin Kong stated that the main reason for the increase in profit and loss was that some of the company's loans were overdue. The company accrued overdue interest and penalty interest as stipulated in the loan contract, and financial expenses increased compared with the same period last year.

According to ST Shin Kong’s announcement on the evening of January 29, the company expects a net profit loss of 180 million yuan to 230 million yuan in 2018. In 2017, the company achieved a profit of 1.358 billion yuan. In the third quarter report of 2018, the company had estimated that the net profit range for 2018 would be 138 million yuan to 178 million yuan.

ST Xinguang was originally an Anhui listed company, formerly known as Fangyuan Support. In December 2015, the company was chosen by Zhejiang businessman Zhou Xiaoguang, who paid 11.187 billion yuan to purchase 100% of the equity of Wansha Real Estate and 100% of Xinguang Building Materials City that he held in total.After the transaction was completed, Wansha Real Estate and Xinguang Building Materials City became wholly-owned subsidiaries of the company, Xinguang Group became the company's controlling shareholder, and Zhou Xiaoguang and Yu Yunxin became the actual controllers of the company.

At that time, the counterparty promised that the target company’s total net profit in 2016 would not be less than 1.4 billion yuan; the target company’s cumulative total net profit in 2016 and 2017 would not be less than 2.7 billion yuan; the target company’s total net profit in 2016, 2017 and 2018 The total annual net profit realized shall not be less than 4 billion yuan. Looking at it now, the total performance of 4 billion yuan promised by Shin Kong Group when it backdoored in 2015 has been unable to be fulfilled.

3 and Xinguang Holdings Group have been hit by thunders one after another, with the scale of default reaching nearly 10 billion yuan. The debt crisis of Shin Kong Group began in 2018. On the afternoon of September 25, Shin Kong Holdings Group issued a corporate bond with a total amount of 2 billion yuan and failed to repay the repurchase principal and interest due on the bond on time. One issue of 1 billion yuan The failure to repay the short-term financing bills in full as agreed constituted a substantial breach of contract.

Since the bond default announcement was exposed in September 2018, Xinguang Holding Group, founded by Zhou Xiaoguang and his wife, has been hit hard one after another, with the scale of defaults reaching nearly 10 billion yuan. The spreading debt crisis has now spread to the level of listed companies. As of January 21, Shin Kong Group held 1.134 billion shares of ST Shin Kong with limited sales conditions, accounting for 62.0455% of the company's total share capital, and a cumulative judicial freeze of 1.134 billion shares, accounting for 100% of its shares in the company. At the same time, his son Yu Yunxin held 126 million shares in the company, all of which were frozen by the law. If the frozen shares of the above-mentioned shareholders are later judicially disposed of, it may lead to a change in the actual control of the company.

4. In November last year, 91 properties of the richest woman in Zhejiang were seized. On November 3, 2018, Shin Kong Yuancheng, a listed company under Shin Kong Group, issued an announcement stating that due to loan dispute litigation, part of the company's equity held by the company and its wholly-owned subsidiary Zhejiang Wansha Real Estate Development Co., Ltd. was frozen and some properties were seized. .

It is reported that a total of 91 properties were seized this time, belonging to Yiwu Shimao Development Co., Ltd. and Zhejiang Wansha Real Estate Development Co., Ltd., both subsidiaries of Xinguang Group. Among them, the three finely decorated apartments located in Yiwu World Trade Center attracted particular attention. It is understood that on June 3, 2017, some finely decorated apartments in the Yiwu World Trade Center were put up for sale. The out-of-print plots triggered a rush by local wealthy bosses, but the Zhou Xiaoguang family had already taken the lead.

5, cross-border real estate, diversified transformation, integrating industry, real estate, investment, commerce and other diversified businesses. The root cause of Shin Kong Yuancheng's debt crisis lies in diversification and blind mergers and acquisitions. In 2004, Zhou Xiaoguang and his wife noticed new opportunities for faster growth in wealth in other industries, and established the idea of ​​​​transforming from a single jewelry business to diversification. They established Xinguang Real Estate Development Co., Ltd., acquired Zhejiang Wansha, and officially crossed the border in real estate. . After

, it was unstoppable. In just ten years, Xinguang Group developed into a private enterprise group integrating industry, real estate, investment, commerce and other diversified businesses. It has 21 wholly-owned subsidiaries and holding companies, nearly 100 joint-stock companies, and total assets of more than 20 billion yuan.