Oceanwide Holdings Co.Ltd(000046) was sued by Minsheng trust and rongchuang group, and the amount to be paid exceeded 5 billion yuan

Today (April 22), Oceanwide Holdings Co.Ltd(000046) ( Oceanwide Holdings Co.Ltd(000046) . SZ) announced a number of major lawsuits.

According to the announcement, Shanghai Zhenyan Real Estate Co., Ltd. (hereinafter referred to as Shanghai Zhenyan) sued Oceanwide Holdings Co.Ltd(000046) Wuhan Central Business District Co., Ltd. (hereinafter referred to as Wuhan company) to the court on the ground of contract dispute; Minsheng trust sued the company, the controlling shareholder of China Oceanwide Holdings Co.Ltd(000046) Group Co., Ltd. (hereinafter referred to as China oceanwide) and the actual controller Lu Zhiqiang to the court on the grounds of "20 oceanwide 01", "20 oceanwide 01" and "20 oceanwide 02".

According to the announcement, in 2019, Wuhan company signed a commercial housing sales contract with Shanghai Zhenyan, agreeing to pre sell its assets of Building 2 of Wuhan times center, and Shanghai Zhenyan paid a total purchase price of 1.501 billion yuan. As the above assets have not been delivered so far, Shanghai Zhenyan asked Wuhan company to return 1.501 billion yuan.

According to the statistics of the reporter of the daily economic news, Minsheng trust requires Oceanwide Holdings Co.Ltd(000046) to repay the principal and interest of the bonds totaling 1.984 billion yuan, and gives priority to the proceeds from the conversion or auction and sale of the shares of Wuhan company with the corresponding registered capital of 2.647 billion yuan held by Oceanwide Holdings Co.Ltd(000046) and the corresponding registered capital of 166 million yuan of Beijing oceanwide Xinhua Real Estate Co., Ltd.

Rongchuang group requires Oceanwide Holdings Co.Ltd(000046) to pay the principal of 1.567 billion yuan, interest of 165 million yuan during the period and liquidated damages, and has the right to discount or auction or sell off 4212480800 shares of Wuhan company held by Oceanwide Holdings Co.Ltd(000046) with priority to be paid.

As of today's close, Oceanwide Holdings Co.Ltd(000046) share price was 1.62 yuan / share, down 4.14%, with a total market value of 8.418 billion yuan.

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