Wang Zhenhua, A Real Estate Controller Who Had Been Weaving In Hutang, Was Sentenced To Detention.

Wang Zhenhua, who has become the focus of public opinion because of indecent child incidents, has founded the new town holding company from scratch and expanded the new town holding company as the head of China's real estate industry. Nandu journalists have paid close attention to the history of their development and found that there are some negative past behind them as successful businessmen.

In July 4th, A share listed company Xincheng Holdings Limited, a single day market value evaporated 9 billion 600 million yuan. New town department two Hong Kong stock company new town development holdings, Xinyue shares continued to fall sharply, as of press release, respectively, down 13.18%, 13.72%.

The defendant was turned over to court.

Public information shows that Wang Zhenhua was born in 1962 in Changzhou, Jiangsu. Before the establishment of Jiangsu new town, Wang Zhenhua served as deputy director of the workshop of the first cotton mill in Wujin and director of Hutang weaving factory. In 1993, Wang Zhenhua founded Wujin new town investment and Development Co., Ltd. as chairman of Wujin new town.

According to the 2015 report of the new town holding group Limited by Share Ltd exchange, which absorbed the merger of Jiangsu new town real estate Limited by Share Ltd (hereinafter referred to as the "draft report"), in June 1996, Wang Zhenhua, Wang Xingdi, Tang Yuping and Wujin City State Economic Development Company separately invested 1 million 200 thousand yuan, 560 thousand yuan, 40 thousand yuan and 200 thousand yuan to start the new town holding company. After several years of share transfer and capital increase, Wang Xingdi transferred all the shareholding of the new town holding company to Wang Zhenhua's son Wang Xiaosong in 2008. At that time Wang Xiaosong was only 21 years old, Wang Zhenhua and Wang Xiaosong held 90% and 10% shares of Xincheng holding 90% respectively.

The relationship between Wang Zhenhua and Wang Xingdi is not known to the outside world. But according to the summary of the open Jiangsu new town real estate Limited by Share Ltd acquisition report, Wang Zhenhua and Wang Xingdi's identity card number is identical in the top six. The identity card number reveals that Wang Xingdi's birth year is 1930, which is 32 years older than Wang Zhenhua.

In 2001, the new town real estate restructuring of the new town holding company, Jiangsu Wuling, was listed on B shares. By 2015, Xincheng holdings had absorbed the new town property of merged subsidiaries and became the first Real Estate Company to restructure B-shares into A shares.

But in the early years, Wang Zhenhua did not share the wealth with his new partnership.

The draft report shows that Tang Yuping, Wang Zhenhua's early partner, transferred his 2% stake in Xincheng Holdings Limited in 1998 to Wang Zhenhua at a price of 116 thousand yuan. Since then, Tang Yuping no longer holds new town holding shares.

20 years later, Tang Yuping took the new town control to court in 2018. The intermediate people's Court of Changzhou City, Jiangsu Province, which was published by China's referee's official document network, showed that Tang Yuping did not make any intention to transfer shares to any third parties in 1998. The signature on the minutes of the shareholders' meeting was not signed by himself. He also never received Wang Zhenhua's cash payment of 116 thousand yuan. Tang Yuping believed that he should become a shareholder of Xincheng joint stock company, and the corresponding number of shares required to be confirmed was 248 million 800 thousand yuan.

The court held that Tang Yuping's claim for compensation for damages had already exceeded the limitation of action. At the same time, his request to become a shareholder of new town was lack of fact and legal basis, and Tang Yuping's claim was rejected. It is worth mentioning that the case acceptance fee is 1 million 285 thousand and 800 yuan, which is borne by Tang Yuping.

Tang Yuping and new town holding group Limited by Share Ltd's confirmation of shareholder qualification first instance civil judgment

In 2018, the new town holding stock achieved 221 billion 98 million yuan sales and a net profit of 10 billion 491 million yuan. According to the statistics of the Kuri information group, the sales amount and sales area of the new town holding company are eighth and seventh respectively. New town holdings grew from small businesses more than 20 years ago to China's head housing companies.

Wang Zhenhua himself has also become a wealthy and famous successful person. Wang Zhenhua got a junior college degree in Wujin College of Jiangsu radio and TV University in the early years. Later, he returned to campus for many times. Wang Zhenhua received his master's degree in Business Administration from Macao science and Technology University in September 2003, and graduated from the Yangtze River Business School in August 2005 with a master's degree in business administration.

Public information shows that Wang Zhenhua has won the national "51" labor medal, the national model worker, the outstanding private entrepreneur of Jiangsu Province, the Jiangsu provincial socialist construction contribution award, the Shanghai United Front (work) advanced individual, the Changzhou star entrepreneur, the Chinese charitable outstanding contribution figure and so on. It also has the National Federation of industry and Commerce executive committee, the National Federation of industry and commerce real estate chamber of Commerce executive vice president, the Shanghai municipal CPPCC member, the Shanghai Real Estate Chamber of Commerce President, the Jiangsu Provincial People's Congress representative, the Jiangsu Provincial Federation of industry and Commerce vice chairman, the Changzhou City people's Congress representative, the Changzhou City Federation of industry and Commerce fourteenth executive committee chairman and other social duties.

　　 Commission for Discipline Inspection

Wang Zhenhua and Wang Xiaosong are father son relations. The new town holding announcement shows that Wang Xiaosong was born in December 1987 and graduated from Nanjing University in 2009 with a bachelor's degree in environmental science. He served as the civil engineer of the Jiangsu new town real estate Limited by Share Ltd Limited by Share Ltd, the assistant manager of the Engineering Department of Shanghai company, the general manager of the project, and the assistant, director and President of the Jiangsu new town real estate Limited by Share Ltd.

The draft report shows that in 2014, Wang Zhenhua and Wang Xiaosong no longer held limited shareholding of new town holdings through capital reduction. The salaries of Wang Zhenhua and Wang Xiaosong in Jiangsu new town in 2015 were 5 million yuan and 4 million 500 thousand yuan respectively.

When new town shares were listed, Wang Xiaosong was already Canadian and Wang Zhenhua had the right of abode in Hongkong.

Since then, Wang Xiaosong has not held a controlling stake in new town. Until 2018, the annual report of Xincheng holdings showed that Wang Xiaosong held 500 thousand shares at the end of the year, with an annual salary of 2 million yuan, while the number of shares held by Wang Xiaosong at the beginning of the year was 0.

Data from heaven eye show that Wang Xiaosong can find 4 companies holding shares, of which 2 have been cancelled, only Shanghai Xinqi Investment Co., Ltd. and Changzhou new town real estate development Co., Ltd. are still in existence. Both companies are new town holding enterprises, and Wang Xiaosong shares 3.9% and 4.2% respectively.

In addition to changes in the shares held, Wang Xiaosong's position in Xincheng Holdings has experienced ups and downs.

In August 2009, Wang Xiaosong, who had just graduated from University, entered the Xincheng group and worked as a civil engineer in the Engineering Department of Jiangsu new town Changzhou company. In 2013, Wang Xiaosong took over Lv Xiaoping as president of new town real estate.

In March 2015, with the merger of new town holdings and new town real estate listing, Wang Xiaosong became president of new town real estate, and Wang Xiaosong was only 28 years old.

During Wang Xiaosong's presidents, in January 2016, Xincheng holdings announced that the company's actual controller and chairman Wang Zhenhua were being investigated by the Discipline Inspection Committee of Wujin District of Changzhou for personal reasons, but could participate in the decision-making of major matters in an appropriate way. Xincheng holdings emphasizes that the above matters have nothing to do with the operation of the company, and the production and operation of the company is normal. This matter will not affect the company's performance and company performance. It is reported that Wang Zhenhua was in charge of company affairs during the investigation of Wang Xiaosong.

In February 2016, Wang Zhenhua returned to new town to hold normal operation. But 8 months after Wang Zhenhua's return, Wang Xiaosong resigned from the presidency in October 2016, and the Board agreed to employ Wang Zhenhua as president. For a while, the outside world was divided about Wang Xiaosong's reasons for leaving. Wang Zhenhua told the media that Wang Xiaosong's resignation was because he had to study for further education, and at the same time he had more contact with the new business. In regard to successors, Wang Zhenhua laughs, he is still relatively young and has no problem in ten years.

In August 2018, Wang Xiaosong returned from school, and the personnel changes of his father and son again. The new town holding announcement announced that Wang Zhenhua resigned as president because of his job, and the director appointed Wang Xiaosong as president.

Until July 3, 2019, Xincheng holding was informed by the Putuo branch of Shanghai public security bureau that Wang Zhenhua, the actual controller and chairman of the company, was detained for personal reasons. The new town holding company urgently held the telephone board of directors to pass the full vote of chairman Xiao Song as chairman. At this point, Wang Xiaosong, son of Wang Zhenhua, became director, President and chairman of Xincheng holding company.

Like to engage in public welfare

As the performance goes up year by year, Xincheng Holdings has invested heavily in public welfare every year.

Wang Zhenhua said in an interview: "enterprises should not only create economic benefits, but also bear social responsibilities. The promise of new town is to create value while constantly giving back to society and sincerity.

The 2018 annual report shows that Xincheng Holdings has invested heavily in poverty alleviation and social responsibility. In 2018, Xincheng holding company and its subsidiaries and joint ventures donated a total of 58 million 817 thousand and 200 yuan to help the poor, including Yunnan and Guizhou, which had donated a total of 19 million yuan to help the poor.

Xincheng holdings also founded the public welfare brand "seven color light plan" in 2013, covering seven public welfare sections, such as educational equality, child health, green community, environmental protection, humanitarian assistance, cultural engineering and sports, helping rural students and poor students everywhere. The core project of the seven color light project, the gloss library, has a footprint of 45 schools in 14 provinces, and has donated more than 11 volumes of books, benefiting more than 6000 students. Xincheng Holdings has invested more than 300 million yuan in public welfare undertakings.