Chek Hu Leather City " Fetal Death " Stop Before Opening.

In the morning of December 8th, the reporter traveled along the Nine Mile Road to Jiujiang County Port Town, and then drove 6.5 kilometers from the 055 Township Road to Jiujiang County Red Lake Industrial Park. He asked villagers several times about the address of the Lake City, but they never seem to have heard of it.

"I don't know. You ask someone else."

The villagers pointed to the road.

And motioned the reporters to inquire about others.

After the inquiry failed, the reporter had to open the navigation, after searching for the leather city of Chi Hu, after more than 10 minutes' drive, he finally arrived at the industrial park.

Although the leather city of Chek Hu is a big project, it took a lot of time for journalists to find it.

At Chi Hu

There was no one on the site of the city, and the weeds on the construction site had grown to nearly a metre high owing to the neglect of a long time.

In addition, the corrosion degree of scaffold also proves that the project has been shut down for quite a long time.

There is a mixing station inside the project. "It used to provide concrete for the leather city. Because of the stoppage, we had to send it outside."

The worker did not say much about the sudden stoppage of the leather town of Chek Hu, but he told the Morning Post reporter that the project had been suspended for half a year, and the leather city of Chek Hu was also bankrupt and liquidated. Now the contractor is taking over, and they are selling the factory in the sales center beside them.

In the office building of the marketing center, only one staff member is responsible for the sales center of over 100 square meters.

In the hall, there is a planning sand table covering 600 acres of Chek Lake Leather City, including: famous exhibition hall, shopping mall, factory building and so on.

When the reporter asked the staff to purchase shopping malls and other businesses, the staff members did not know clearly, and then called a manager from the upper floor to receive the reception.

"At present, we only sell the factory buildings, and the shop is not yet sold. It needs to wait until next year."

After the manager came down, he said that because of some contradictions in the management, the project stopped for a period of time, and it needs to wait until next year to start again.

"Don't listen to them. The Chek Lake Leather City Project owes them a lot of money, so they sell their factories here."

A person familiar with the matter said that the whole project was basically in arrears.

In the near future, it is almost impossible to rebuild.

In arrears with hundreds of millions of projects.

Seeing that 2015 is coming, Wang Hua (a pseudonym) once again becomes anxious and uneasy. He is deeply impressed by the experience of being asked to come home last year, and has started again this year.

Fortunately, the Jiujiang county government paid 400 thousand yuan ahead of schedule last year to let him tide over the difficulties for the time being, but this year, he did not know how to solve it.

Wang Hua is a contractor for exterior paint. He was diligent and saved a lot of money. But since he received the project of Jiujiang Lake leather city through friends, he not only took all his savings, but also owed nearly 2 million yuan of foreign debts.

"I have a friend who knows Huang Min, chairman of Chek Lake Leather City, so he helped me get the paint project of the 1 and 3 targets in the leather city."

Wang Hua said that the profit of the project is OK, but it needs to be fully funded, and it will be paid within three months after the acceptance of the project.

Although there are risks in the project, Wang Hua's concerns are much smaller at the thought of Huang Min's investment of 200 million, because he only needs to advance about 2000000 yuan.

After signing the contract, in August 2013, Wang Hua took people to the construction site. Until April 2014, Wang Hua found that many kinds of work had stopped, and there was also a rumor that Huang Min's capital chain was out of order, so he also stopped the project and never started working again.

Like Wang Hua, at the site of Chai Hu Leather City, all contractors signed the contract for all the advances. When Wang Hua stopped the project, he had already paid about 2700000 yuan.

"The money is relatively small among all contractors."

Wang Hua told reporters that the entire Chek Lake leather city project has divided 5 tenders, he participated in the 1 and 3 mark of a total of 40 buildings, each building cost about 20 million yuan, the money is basically paid by contractors.

"In September this year, the contractor of the leather city project found us again that the funds will soon be in place. I hope we can finish the project as soon as possible."

Wang Hua said that only 1 and 3 were in arrears with hundreds of millions of dollars, so no contractor could continue to work.

"Big move" leads to broken capital chain

No one continued to work, so the leather city project was stopped. From a notice issued by the Jiujiang county court, a reporter was told that in September 2014, Jiujiang Red Lake International Leather Industrial City Limited was facing bankruptcy and liquidation.

Before long, the company was renamed.

In addition, the reporter also confirmed that Huang Min had been imprisoned by the Jiujiang County Public Security Bureau in Jiujiang County Detention Center.

So far, the investment of tens of billions of projects has not yet been declared bankrupt.

What is the purpose of investing in building this project? The Morning Post reporter learned from Wang Huachu that Huang Min once heard that the leather market in the eastern coastal area should be pferred to the central region, so he took the lead in investing in a leather and leather project in Jiujiang.

This statement has also been acquiesed by Feng Bin, a staff member of the Jiujiang province human resources and Social Security Bureau's monitoring unit. "How can the pillar industries of the people be pferred to the central area at once? Huang Min is still too anxious."

Too much urgency is also one of the reasons for the bankruptcy of this project.

According to Feng Bin, the whole leather city project has a total of 93 buildings, only 7 buildings have not been built, at the same time, 86 buildings have been started, and 80% of the buildings have been completed, but they can not be delivered.

"Pull the shelves too big at once, and build at the same time. Even if the contractors are paying for them in advance, he has to invest in greening and other facilities. Moreover, he has got an office location in downtown Jiujiang, and has invited dozens of employees, which also need tens of millions of sales a year."

Feng Bin told reporters that the frame was too large, which led to too many places to spend, plus investment difficulties. All of these factors brought down Huang Min's capital chain at once.

According to Feng Bin, in the announcement of the collapse of the leather city of Chek Hu, there are only a few small factories invested by Huang Min in the whole leather city, and together with the leather city.

"If Huang Min's action is a little bit smaller, the whole project will be divided into several stages, and maybe it will be another result now."

Feng Bin said.

Whatever the reason, the bankruptcy of Chi Hu leather city has been unable to rewrite.

Huang Min once said in the media that through the efforts of three to five years, the leather products industry with an annual output value of 50 billion yuan will be formed in the park. In addition to the tax revenue of over 1 billion yuan a year, it is necessary to solve the employment problem of more than 5 million people.

In less than a year, the project has been stranded, but 600 acres of land, hundreds of millions of yuan investment in the plant, really want to become a uncompleted residential building?

To stop working in Chek Lake Leather City, the reporter found the authority of the Chek Lake Industrial Park.

A deputy director in charge of publicity said he was not very clear about the specific situation of leather city, but they certainly would not let the project end.

"After the closure of this project, the county Party committee and the county government attached great importance to it, and even set up a special processing group. At present, the Jiujiang county government and our management committee are actively re inviting business."

The deputy director said that the investment situation is relatively good, and some investors are planning to take over.

For investors who want to take over, a person familiar with the matter told reporters that there are indeed investors interested in this project.

"Grafting is indeed the only way to revitalize this project, because this project is too big, Jiujiang county finance has no way to eat, like last year in order to solve the problem of arrears of wages in this project, Jiujiang county took out 20 million, this has reached the limit."

The insider said that only when the investors determined the investment intention, would the Jiujiang county government come forward to negotiate and settle the accounts of the Chek Hu leather city. Before that, the Jiujiang county government would not move too much.