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Yulong Bay, Fushun, Liaoning Province: A Trap of 50 million Investment in Ten Years

  • Categories:Media Focus
  • Author:
  • Origin:
  • Time of issue:2019-08-27 08:27
  • Views:5

(Summary description)Yang Qingming, chairman of Hongjing Group in Huludao City, Liaoning Province, was indignant about the 50 million investment in Fushun Economic Development Zone. In 2007, an investment invitation from Fushun City

Yulong Bay, Fushun, Liaoning Province: A Trap of 50 million Investment in Ten Years

(Summary description)Yang Qingming, chairman of Hongjing Group in Huludao City, Liaoning Province, was indignant about the 50 million investment in Fushun Economic Development Zone. In 2007, an investment invitation from Fushun City

  • Categories:Media Focus
  • Author:
  • Origin:
  • Time of issue:2019-08-27 08:27
  • Views:5
Information

How many times has the house price increased in ten years?

How many times has Chinese cabbage grown in ten years?

Yang Qingming, chairman of Hongjing Group in Huludao City, Liaoning Province, was indignant about the 50 million investment in Fushun Economic Development Zone. In 2007, an investment invitation from Fushun City, a friendship, friendliness and longing investment, became a dream. Reporters interviewed, but also feel that the old northeast industrial base has fallen, not only because of the lack of funds and investors.

This investment case is not an isolated case. The provincial entrepreneurs are still so uncertain in their cross-city investment. What about the investors in other provinces?

When a group of investment promotion teams from Northeast governments at all levels set aside to go to Wenzhou, go to Shanghai, fly to Shenzhen, go to Hong Kong, and even go to Singapore and the United States to invest in business, they are more full of performing and acting elements. The grass-roots government departments without sincerity, lack of sense of responsibility and prevarication can not store and support merchants, and can not create an atmosphere of capital appreciation. Will that grand and luxurious Investment Fair really win the favor of investors?

The answer may be No.

"The reason why Liaoning's GDP is at the bottom once again has nothing to do with the bad official ecology and legal environment." Similar comments were made by various media.

Yes, the sad story of Hongjing Group in Gaowan, Fushun Economic Development Zone, has typical characteristics of investors in Northeast China.

Section I J: Appreciation for the Zero Investors

In 2007, a female investor, Li Yueying, came to Hongjing Group. She is the legal representative of Fushun Tianlu Real Estate Development Co., Ltd. in Fushun Economic Development Zone Gaowan development of the Yulong Bay project, the funds dry up, sincerely need to attract investment.

With the introduction of a good friend, the negotiation went well beyond her imagination.

The two sides agreed that Hongjing Company entrusted a natural person as a group representative to invest 50 million RMB to solve the historical legacy of Tianqi Company. Tianqi Company invested in 228 mu of land with 34 # and 35 # under its flag at a price of 18 million yuan, and the interests of both sides were equally divided. In order to reassure the "50 million" fund, Li Yueying, as the legal representative and actual controller of Tianqi Company, and another shareholder, Li Shuxiang, promised to transfer 50% of the shares of Tianqi Company under his actual control to Yang Mou free of charge. As an investor, Hongjing Company only wants to complete the contractual development project and withdraw, and then transfer the free equity to Li Yueying and other shareholders.

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