Zhongxin Finance, January 14th (Reporter Xie Yiguan) "I saw him rise from a high-rise building, saw him banquet guests, and saw him stay in the building." In recent years, this sentence has been frequently used in "fallen" rich people, among them Including the former real estate boss Chen Jianming.

Voluntarily surrendered and cooperated with the investigation of securities market manipulation cases

  On January 8, ST Zhongchang issued an announcement saying that Zhongchang Big Data Co., Ltd. recently received a notice from the actual controller Chen Jianming, and Chen Jianming took the initiative to go to the Shanghai Public Security Bureau on December 24, 2021 to cooperate with the Shanghai Public Security Bureau’s investigation and manipulation. In the securities market case, the Shanghai Public Security Bureau has decided to release him on bail pending trial, starting from December 25, 2021.

Screenshot from ST Zhongchang announcement.

  In June 2021, ST Zhongchang once issued an announcement that Chen Jianming received the Securities Regulatory Commission's "Market Ban Decision" on May 20, 2021, and was imposed a 10-year securities market ban.

  The illegal facts show that from February 9, 2018 to January 16, 2019, Chen Jianming and others controlled the use of the account group, took advantage of capital and shareholding advantages to continuously trade "Zhongchang Data", and at the same time in the accounts they actually control The transaction between them affects the transaction price of "Zhongchang Data", and the total profit is 11.4723 million yuan.

  Prior to this, Chen Jianming was also fined 11.4723 million yuan due to the above-mentioned illegal facts and received the "Decision on Administrative Penalty" from the China Securities Regulatory Commission.

Was offered a high reward by the Qingdao Intermediate Court

  In addition to being punished by the China Securities Regulatory Commission and banned from the market, Chen Jianming was also publicly offered a reward by the Qingdao Intermediate People's Court on the hot search.

  In August 2021, the Qingdao Intermediate People's Court issued a reward notice, stating that anyone who reports to this court any clues to the property hidden or transferred by Shanghai Sansheng Hongye Investment (Group) Co., Ltd. 10% of the actual execution amount will be paid as a bounty.

  According to the announcement, the unfulfilled amount is 100 million yuan plus interest and liquidated damages, which also means that whistleblowers who provide effective clues and help the court to execute in place can get a reward of up to 10 million yuan.

Screenshot from the WeChat public account of Qingdao Intermediate Court.

  It is understood that Chen Jianming's reward of 10 million this time stemmed from private lending disputes.

  The judgment document shows that in July 2019, Shanghai Sansheng Hongye Investment (Group) Co., Ltd. borrowed 100 million yuan from Qingdao Tiantai Real Estate Development Co., Ltd. and Qingdao Tiantai Real Estate Co., Ltd. for working capital turnover. for 15 days.

However, after Sansheng Hongye repaid the interest of 3 million yuan, the principal and interest were not repaid, and Chen Jianming and others were jointly and severally liable as guarantors.

The downtrodden boss also has a brilliant time

  Today's Chen Jianming is deeply involved in loan disputes and has been listed as a dishonest executor many times, but this real estate boss has also had a glorious moment.

  In 1993, Chen Jianming, who went to sea for business, established Zhoushan Zhongchang Shipping Co., Ltd. and Zhoushan Zhongchang Real Estate Co., Ltd. successively.

In 2000, Chen Jianming entered Shanghai and established Shanghai Sansheng Real Estate Co., Ltd. In 2002, he established Sansheng Hongye Investment Group.

  In 2005, Sansheng Hongye won the 49th place in the "Top 100 Real Estate Developers in China", and in 2007, Chen Jianming ranked 39th in the "Hurun Real Estate Rich List" with a net worth of 6 billion yuan.

  Seeing that the real estate business is booming, Chen Jianming stepped up the operation of Zhongchang Shipping.

In 2010, Zhongchang Shipping backdoor ST Hualong successfully listed.

  However, after the listing, Zhongchang Shipping has fallen into a whirlpool of losses for successive years.

So in 2016, Sansheng Hongye entered the field of Internet big data by acquiring 100% equity of Boya Cube, a leading company in the field of big data marketing, and renamed Zhongchang Shipping to Zhongchang Data.

  On the 2018 Hurun Report, Chen Jianming ranked 354th with a net worth of 10 billion yuan.

Also in this year, Sansheng Hongye ranked 54th in the "Top 100 Real Estate Enterprises in China".

In 2019, although Chen Jianming once again ranked 398th on the Hurun Report with a net worth of 10 billion yuan, the company has already been in crisis.

  On the one hand, huge acquisitions put the company under huge financial pressure, and on the other hand, the company also issued debts.

According to the information disclosed by the Shanghai Stock Exchange, from April 2016 to August 2019, Sansheng Hongye issued bonds with an amount of 9.38 billion yuan, with an interest rate of 7%-8.4%, and most of the funds obtained from the financing were invested in Zhoushan, Foshan, Shenyang, etc. Line city real estate projects. 

  Under the financial constraints, Chen Jianming also "borrowed money" from employees. Since 2017, he has issued loans under the name of wealth management products on the grounds of production and operation needs.

Thousands of employees and their families have invested a total of 800 million yuan, of which about 680 million yuan of employee wealth management principal has not been paid, which even caused Sansheng Hongye employees from all over the country to go to the Sansheng Hongye headquarters building in October 2019 to "block the door" debt collection.

  In January 2021, Sansheng Hongye and Sansheng Real Estate applied to the Shanghai Third Intermediate People's Court for bankruptcy review.

Since then, several properties and parking spaces under Chen Jianming's name have been auctioned.

As of the close of trading on January 12, ST Zhongchang's share price has fallen from an all-time high of 25.57 yuan to 2.76 yuan.

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