Author | Wu Lijuan
Edit | Wu Tingting
Source | Unicorn Finance
Not long ago, Western Trust issued product risk warning announcements three times, involving a product scale of 3 billion. Recently, Tibet Trust also announced two trust plans with a total of 1.8 billion yuan.
and Unicorn Finance discovered that Western Trust and Tibet Trust made risk warning trust products. Dong Qing husband Michunlei Lanhai Holding Group (referred to as " Lanhai Group "), the roles they play are the guarantor .
Michun Lei Illustration Unicorn Finance Made
Lanhai Group has been deploying industries and fields such as insurance, banking, real estate, etc. for many years, and has also intervened in the capital operation of the automotive industry through its "Lanhai" company. However, in comparison, the automobile industry chain seems more secret. In its investment map, some financing institutions and automobile companies have played an important role.
1
Tibet Trust 1.8 billion product release risk warning
Tibet Trust recently issued risk warnings for two trust plans, involving a total trust amount of 1.8 billion yuan. The two trust plans of
are "Barui No. 8" and "Barui No. 10". Among them, "Barui No. 8" was initiated and established on August 7, 2020, with a term of 5 years, with a trust scale of 500 million yuan, and an additional subscription was completed on August 10, 2020. As of the end of the reporting period, the total scale of the trust plan was 900 million yuan.
Source: Enterprise Warning Pass
"Baori No. 10" was initiated and established on August 28, 2020. The trust scale is 900 million yuan and the trust plan term is also 5 years.
Source: Enterprise Warning Pass
The funds of both products are both used to acquire the income rights of 100% of the equity of Wuhan Jielu Automobile Sales Service Co., Ltd. held by Wuhan Kangshun Automobile Service Co., Ltd. (referred to as "Kangshun Automobile Service"), which is used to supplement Kangshun Automobile Service's liquidity funds. guarantors are Lanhai Group, and the 1.8 billion trust funds are institutional investors and do not involve individual investors .
Tibet Trust stated in the risk warning that Minsheng Bank Wuhan Branch had a credit business for Kangshun Auto Services expired in July last year. Kangshun Auto Services provided real estate mortgage, with a valuation of 300 million yuan. Lanhai Group provided liquidity support for the credit. However, due to the financial loan dispute involving Lanhai Group involving the first two, its total equity of Shanghai Life Insurance Co., Ltd. of 213 million yuan was frozen. The freezing period will range from December 22, 2020 to December 21, 2023, totaling 1,094 days.
Source: Enterprise Warning Pass
Management report shows that after the lawsuit was held on March 3, the two parties had 2 months to mediate. At present, the two parties negotiated a settlement plan on related matters.
Unicorn Finance called the trust manager provided in this management report, and the other party said that he was not the product manager and the two products are still in existence and have not defaulted. As for the default, it still needs to be dealt with according to the specific situation. The guarantors of these two trust plans are Lanhai Group. Its actual controller Mi Chunlei is the husband of the famous host Dong Qing. Previously, Unicorn Finance reported on the capital map of the Lanhai Group. Lanhai Group is also a 3 billion-scale product of Western Trust. The product recently issued three risks of the guarantor's equity being frozen. For details, please click: "H Western Trust's 3 billion product has a risk of default, which hinders Dong Qing's husband Mi Chunlei's capital map ".
At present, it is known that with Lanhai Group as the guarantor, involves a total of 4.8 billion trust products, and there are risks .
2
provides financing guarantees for many automobile-related companies
involves 6.6 billion
In addition, in addition to guaranteeing Kangshun Automobile Services in this management plan of Tibet Trust, Lanhai Group also provides records of guarantees for Qingdao Furi Automobile Sales Co., Ltd. (hereinafter referred to as "Qingdao Furi Automobile") and Kangshun Automobile Services in other trust plans. During the two financing guarantees, Shanghai Ruichu Investment Center (referred to as "Ruichu Fund") was involved, and Rundong Automobile, which was once involved in the capital of Lanhai Group, also played an important role in it.
On November 30, 2018, Ruichu Fund acquired 100% of Kangshun Automobile Services' equity from Kangshun Hong Kong and Kangshun Group, becoming the new shareholder of Kangshun Automobile Services.
However, Kangshun Auto Service's current situation is not satisfactory. It has been listed as the person subject to execution 12 times this year.
day eye check shows that at present, Ruichu Fund holds 99.99% of Kangshun Automobile Services.
According to the " China Business News ", on May 19, 2016, Ruichu Fund also acquired 100% of the equity of Qingdao Furi Auto. After the acquisition, in order to maintain the normal operation of Qingdao Furi Automobile, Ruichu Fund hired Rundong Automobile to host Qingdao Furi Automobile , and the original shareholder (Qingdao Fuji Automobile Group) temporarily held the company's equity.
In addition to Kangshun Automobile and Qingdao Furi Automobile, Ruichu Fund also invested in Shanghai Qiankun Automobile Technology Partnership (Limited Partnership, referred to as "Qiankun Automobile"), holding 10.62% of the shares, and Shanghai Life Insurance (a subsidiary of Lanhai Group) also had a stake in Qiankun Automobile.
is not only the Western Trust, Tibet Trust and Ruichu Fund mentioned in the appeal, but Aijian Trust has also provided financing for automobile companies related to Lanhai Group .
In 2018, Aijian Trust issued a trust worth a total of 800 million yuan to Qingdao Furi Automobile; in the same year, Aijian Trust conducted a roadshow to promote the "Aijian Trust-Kangshun Automobile working capital loan collective fund trust plan". The trust plan raised 1 billion yuan for Kangshun Automobile Services and was established on August 17, 2018 with a term of 24 months, and is used for Kangshun Automobile Services' daily operation or repayment of preliminary financing.
Unicorn Finance called Aijian Trust. The other party's staff said that there was indeed information about these two products in 2018, and the specific project process must be contacted to contact the relevant account manager before it can be disclosed.
Lanhai Group also provided full joint and several liability guarantee for these two trust plans, and Mi Chunlei personally provided joint and several liability guarantee. At the same time, Lanhai Group will pledge the corresponding equity interest in the name of these two trust plans by the 5.5% and 14% equity interest rights held by Qujing Commercial Bank.
these two guarantees, coupled with the recent disclosure of 4.8 billion products of Western Trust and Tibet Trust, Lanhai Group provides a total of 6.6 billion yuan guarantees for automobile-related companies .
Why did Lanhai Group provide guarantees for financing of Furi Auto and Kangshun Auto Trusts many times? Regarding the subtle relationship, Unicorn Finance called and emailed for consultation, but no reply was received yet.
Honor of the trust industry for many years Mr. Wang revealed: "Such transactions may be to ensure operation. We cannot know how these bosses reach a consensus in private. The purpose of the funds raised is also not transparent."
3
Lanhai Group's automotive industry secret chain
In addition to insurance, banking, real estate and other industries, Mi Chunlei has intervened in the capital operation of the automotive industry through its "Lanhai" company, but the automotive industry chain seems more secret in comparison.
Rundong Automobile (1365.HK) was established in 1998 and was successfully listed on the main board of the Hong Kong Stock Exchange on August 12, 2014.Among the top 100 distributor groups in China, the total revenue rankings were 23rd and 20th in 2017 and 2016 respectively. 2018, Rundong Automobile began to decline, and its performance that year changed from a profit of 261 million yuan in the previous year to a loss of 1.513 billion yuan.
In April 2019, Rundong Auto issued an announcement, packing and "selling" all its four subsidiaries to Kunming Yanheng Automobile Sales Company (hereinafter referred to as "Kunming Yanheng"), with a sales price of approximately RMB 3.4 billion. The four subsidiaries in the announcement directly or indirectly own and manage 62 subsidiaries of Rundong Automobile, mainly including Shandong, Anhui, Jiangsu, Zhejiang and Shanghai to operate a total of 56 car dealers.
At that time, the takeover party Kunming Yanheng was established for less than half a year. It was established in November 2018 with a registered capital of 2.3 billion yuan. Lanhai Group holds 10% of the shares, and the remaining shares are held by natural person Li Zhuolin . The market speculates that Kunming Yanheng may have created for the acquisition.
announcement shows that the purpose of Rundong Automobile store is to "really bring cash inflows to the group and support its business operations and expansion."
In August 2020, Rundong Automobile signed a cooperative business intention agreement with Shanghai Lanhai Automobile Development Co., Ltd. (hereinafter referred to as "Lanhai Auto", a wholly-owned subsidiary of Lanhai Group) to jointly operate and manage 4S dealers.
Although it has the help of capital tycoons, Rundong Automobile does not seem to have much improvement in its operations. In addition to being included in the list of abnormal business operations, it filed for bankruptcy and reorganization at the end of last year. In 2020 alone, Rundong Automobile has been listed as a dishonest debtor 12 records.
also According to Tianyan Check historical news, since 2019, Lanhai Auto has invested or "taken over" dozens of car sales companies, especially in the Yangtze River Delta region and Shandong Province. The company's investment records are no longer public.
Source: Tianyancha
What do you think about the capital layout of Lanhai Group in the automotive field? Are you optimistic about the development of Lanhai Group? See you in the message!
