On April 22, Oceanwide Holdings Co.Ltd(000046) ( Oceanwide Holdings Co.Ltd(000046) . SZ) disclosed the progress of litigation cases of Shanghai Zhenyan contract dispute, Minsheng trust bond transaction dispute and rongchuang bond transaction dispute, Oceanwide Holdings Co.Ltd(000046) the amount to be repaid reached 5.217 billion yuan.
On April 21, Oceanwide Holdings Co.Ltd(000046) received the litigation materials delivered by the intermediate people’s Court of Wuhan City, Hubei Province from the holding subsidiary of the company, Wuhan Central Business District Co., Ltd. Shanghai Zhenyan Real Estate Co., Ltd. sued Wuhan company to the court on the ground of contract dispute.
Statistics show that the shareholders of Shanghai Zhenyan Real Estate Co., Ltd. are Minsheng trust, which holds 99% of the shares, and Wuhan Yuxin Real Estate Co., Ltd., which holds 1% of the shares.
The announcement made it clear that the contract dispute case of Shanghai Zhenyan began because in 2019, Wuhan company signed a commercial housing sales contract with Shanghai Zhenyan, which agreed that Wuhan company would pre sell its assets of Building 2 of Wuhan times center to Shanghai Zhenyan, 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 sued Wuhan company to the court and asked Wuhan company to return the paid items and pay the interest on the occupation of funds.
China Minsheng Trust Co., Ltd. sued Lu Zhiqiang, the controlling shareholder of Oceanwide Holdings Co.Ltd(000046) China Oceanwide Holdings Co.Ltd(000046) group and the actual controller of the company to the court on the grounds of “20 oceanwide 01”, “20 oceanwide 01” and “20 oceanwide 02” bond trading disputes.
According to its lawsuit request, it will order Oceanwide Holdings Co.Ltd(000046) to repay the principal and interest of the bonds to Minsheng trust; At the same time, Minsheng trust was ordered to give priority to the proceeds from the equity discount, auction and sale of Oceanwide Holdings Co.Ltd(000046) held by Wuhan company with the corresponding registered capital of 2.647 billion yuan and Beijing oceanwide Xinhua Real Estate Co., Ltd. with the corresponding registered capital of 166 million yuan within the scope of litigation claims.
In addition, rongchuang Real Estate Group Co., Ltd. sued the company, China oceanwide and Lu Zhiqiang to the court on the grounds of “18 Haikong 01” bond transaction dispute. The litigation claims of rongchuang include ordering Oceanwide Holdings Co.Ltd(000046) to pay rongchuang group the principal of about 1.567 billion yuan, interest of 165 million yuan and liquidated damages (based on the total amount of outstanding principal and interest of 1.732 billion yuan, calculated at the daily interest rate of 0.05% from November 11, 2021 to the date of actual repayment); At the same time, Ruan rongchuang group 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.
Another announcement of Oceanwide Holdings Co.Ltd(000046) said that Jiangxi Ruijing Financial Asset Management Co., Ltd. (hereinafter referred to as “Ruijing asset management”) sued Shenzhen Oceanwide Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen company”), a subsidiary of Oceanwide Holdings Co.Ltd(000046) holding, and the company to Shijiazhuang intermediate people’s Court of Hebei Province on the ground of contract dispute. Since then, Oceanwide Holdings Co.Ltd(000046) , Shenzhen company and Ruijing asset management have reached a settlement agreement under the auspices of Shijiazhuang intermediate people’s court, including Ruijing asset management giving the company a grace period. The company pays off the principal of about 204 million yuan and liquidated damages according to the agreed repayment plan. If the repayment is completed according to the plan, Ruijing asset management agrees to waive some liquidated damages; All parties shall actively promote the disposal of mortgaged assets, and the net proceeds from sales shall be used to repay the unpaid debts payable under this Agreement; If Oceanwide Holdings Co.Ltd(000046) , Shenzhen company fails to comply with the agreement and perform relevant obligations, Ruijing asset management has the right to apply for enforcement of the remaining outstanding debts under this agreement.
As of the closing on April 22, Oceanwide Holdings Co.Ltd(000046) reported 1.62 yuan / share, down 4.14%.
