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    Hangzhou Zhong Du Group Is Out Of Control And Left Behind Huge Debts.

    2014/6/25 13:16:00 38

    HangzhouZhong Du GroupHuge Debt.

    < p > < strong > creditors' occupation office < /strong > /p >


    < p > Linping in Yuhang District of Hangzhou, about 45 minutes from the Wuling gate in Hangzhou.

    The steep doorway of Linping North Street is the most prosperous shopping center in Yuhang District of Hangzhou, mainly including China commercial pedestrian street and Zhong Du group building.

    Up to 23 floors of the Zhong Du group building, Yang Ding Guo built the "Linping martial arts gate" for its hometown 11 years ago.

    < /p >


    < p > according to the information of Zhong Du group, the company now has more than 20 subsidiaries, and its industries are involved in real estate, department stores, hotels, finance, gardens, property and so on. The business involves many provinces such as Zhejiang, Anhui, Jiangxi, Henan and so on.

    < /p >


    < p > > the 4 and 5 floors of the Zhong Du group building are the offices of the central group's subsidiary company, of which Yang Dingguo's office is on the 5 floor.

    With the ferment of Yang Dingguo's running events, the office building began to warm up.

    Perhaps the two security guards who go to the debt collectors go in and out too often. They can not attend to the identity of the interrogating person, but sit on the side and chat alone.

    < /p >


    < p > the central office floor of Zhong Du group is a tea break area with more than ten tables for drinking tea.

    The creditors were sitting in groups, talking from time to time.

    The creditors who came to discuss this were foreign accents, but most of them were local accents in Yuhang.

    Debtors who did not participate in the discussion either smoked or smoked.

    < /p >


    Less than P, all of the group's subsidiaries are very busy.

    Less than 50 square meters of office, crowded 20~30 people.

    Because many seats could not be found, many creditors simply relied on their desks.

    < /p >


    < p > enter the office of general manager of Zhong Du home. The reporter found that Yang Dingyong, the vice chairman of Yang Dingguo's brother - Zhong Du group, had been stuck in the office for hours by people who came to collect debts.

    < /p >


    During the visit of reporters P, no matter how the creditors tried to ask questions, Yang Dingyong didn't utter a word most of the time, just bowed his head and played with his cell phone.

    Yang Dingyong, who keeps silent, is helpless to the creditors who go to collect debts. As if he had no temper, he spent most of his time in silence, unable to solve any problems but unwilling to leave.

    < /p >


    < p > when reporters asked Yang Dingyong about Yang Dingguo's whereabouts, Yang Dingyong did not even want to look up.

    He mocked himself as a gatekeeper. Everything was done by his brother Yang Dingguo.

    < /p >


    "P" is a real estate intermediary company under the China capital group.

    A Zhao surname creditor told reporters that Yang Dingguo ran away after the incident was exposed, he hurriedly ran to China to buy homes for argument.

    In June 19th, Mr. Zhao, who had been away for a day, failed. The next day he came over again in the morning.

    He felt that he was very unlucky. He had gone through most of the procedures through the house purchased by China capital, and only one step away, he could get the mortgage formalities of the bank. But Yang Dingguo's running away made him feel at a loss.

    < /p >


    Compared with P, Mr Wu's luck seems to be worse.

    In June 16th, Mr Wu had just paid about 500000 yuan in the first payment, of which the intermediary fees and the various taxes and fees in the purchase were 50 thousand yuan.

    In fact, on the night when Mr. Wu paid the down payment, Yang Dingguo disappeared, but because he had not been exposed by the media at that time, Mr. Wu did not know it at all.

    < /p >


    < p > "pay the first payment in the regulatory account, this should not be a problem, then it is a bit of trouble, replaced by other intermediaries."

    However, the intermediary fees and other taxes and fees are not easy to say.

    Mr Wu seems to have a glimmer of hope for the intermediary fees charged by China's real estate companies.

    < /p >


    Less than P, however, after a long period of frustrating, the creditors were almost speechless.

    A customer service manager who handles the procedures for creditors, took out a receipt from the office and a "statement of circumstances". He said, "there is no money in the company account. Take the evidence and go to the Yuhang district government."

    < /p >


    < p > < strong > internal capital raising is close to 100 million yuan < /strong > < /p >.


    The employees of central group are most clear about the crisis brought about by Yang Dingguo's disappearance of P.

    The influx of external creditors has made more and more employees worried.

    < /p >


    < p > it is understood that before Yang Dingguo disappeared, or in the name of the company or in the name of the company, he borrowed money from the internal staff of China Central Group for many years, and the amount of capital raising was huge, involving about 80 million yuan ~9000 million yuan.

    Recently, there are more than 10 employees in China group, who have borrowed more than ten million loans from Yang Dingguo.

    < /p >


    < p > "at that time, the reason for Yang Dingguo's loan was the welfare of the employees, guaranteed by the China capital group, and the borrower could enjoy a monthly interest of 2 cents."

    An internal staff member of Zhong Du group said that interest was collected on a yearly basis, and employees of the China capital group who had borrowed money would report to the company one month in advance if they wanted to get the principal.

    Before Yang Dingguo ran, there were many Chinese Group employees who did not get the principal and interest.

    < /p >


    < p > in addition to the above debts, Yang Dingguo used his employees to register the company's financing.

    < /p >


    < p > according to people close to Yang Ding Guo, at present, there are more than 20 subsidiary companies in the China capital group, but in fact, Yang Zongchang has controlled as many as 50~60 subsidiaries. These subsidiaries, which are not included in the group's name, are the companies that Yang Dingguo used as employees, but they are actually used by Yang Dingguo.

    These undisclosed subsidiaries have many uses, or are used for actual business operations, or for loan financing, or for account making purposes.

    < /p >


    < p > for those who are registered for Yang Dingguo's registered group, they are most worried about how much money they have invested in these companies, because the legal persons of these companies are not Yang Dingguo. If the creditors are to be held accountable, they will surely be exposed to these employees.

    < /p >


    After the news of the missing P, Yang Dingguo has aroused great concern.

    In June 18th, the Yuhang district government of Hangzhou issued a "search for people's notice" about Yang Dingguo, and immediately organized relevant personnel to investigate. However, the "a href=" http://www.91se91.com/news/index_c.asp "employee" /a of "Zhong Du group" finally did not expect to be stationed in the "government emergency response team".

    < /p >


    < p > according to the introduction, in June 18th, the closure of Zhong Du department store had not yet been fermented, so whether it was the headquarters of the China capital group or its subsidiaries, it had not been implicated, and the internal operation was normal.

    Therefore, when the a href= "http://www.91se91.com/news/index_c.asp" > Hangzhou < /a > Yuhang district government went to the central group survey, the staff still perform their duties in their jobs.

    Therefore, the Yuhang district government did not send an emergency response team to garrison.

    < /p >


    < p > however, a day later, the situation of the central group was abrupt, and more and more creditors flooded into the company.

    On the morning of June 20th, representatives of the central group went to the Yuhang district government for help.

    < /p >


    < p > "in the private lending of China capital group, some people lend their savings to Yang Ding Guo for some time, some even collect money from relatives and friends, then lend it to Yang Dingguo.

    If Yang Ding Guo is reluctant to come out and the government is not formally involved, there will be an accident.

    Zhong Du group staff told reporters.

    < /p >


    < p > in the office building of Zhong Du group, the reporter met an ordinary clerk with a stack of reimbursement vouchers.

    He originally intended to hand over the certificate to his supervisor, but the reply he received from the responsible person was, "now it is hard to protect yourself, so you can keep it yourself."

    < /p >


    < p > < strong > > the crisis is spreading, < /strong > /p >


    < p > with the ferment of Yang Ding Guo run road incident, the crisis of "a href=" http://www.91se91.com/news/index_c.asp "> group" /a "has also spread rapidly.

    < /p >


    < p > June 18th, the stores in central Du department store are only limited to Hangzhou inner gate store.

    But the next day, the Anji store in Huzhou has also been suspended.

    < /p >


    < p > after learning the news of Yang Dingguo's running, the reporter rushed to the field visit of Qingchun store in Chung Du Department on June 19th, but at that time, the department store only locked the door, but it only declared "suspension of business".

    Through the glass, you can see the business hall on the first floor and the staff at the counter.

    < /p >


    < p > however, in June 21st, when the reporter rushed to Qingdu store in Chung Du department store, the management situation was completely beyond recognition.

    The hall of the first floor of central department store has long been empty, and the bustling hall has been moved away.

    < /p >


    The same is true of P store in Linping.

    In June 20th, when reporters rushed to the headquarters of the China capital group, the flourishing "Linping Wulin gate" had long been empty.

    Through the locked glass doors, the business hall on the first floor is already in a mess. All the merchants have already left, leaving only a few shelves that have not yet been removed.

    < /p >


    < p > in the rear gate of the Linping store in central department store, the reporter met the evacuation operators.

    They are packing out cartons of boxes, counters, shelves and other objects from the shopping centres and loading them up.

    < /p >


    < p > the loss of confidence in the China capital group is not only the operation of department stores, but also the many employees inside China metropolitan group.

    < /p >


    < p > "now, the boss can't do a lot of business if he runs like this. He has pferred the money from many subsidiary accounts."

    Yang Dingguo's disappearance is like a tree falling and scattered. Most of the employees in China's central group are no longer in the mood to stick to their posts.

    < /p >


    When p visited central group headquarters building, almost all offices were allowed to enter and leave freely, including even the Finance Office of China metropolitan group.

    In many cases, if it is not through questioning, it is impossible to tell who is the central group employees and who are the creditors who come to collect debts.

    < /p >


    < p > in fact, most of the employees in the left office are mostly chatting together.

    A group of employees gathered in the office of the general manager surround Yang Dingguo's running events to exchange their latest information.

    < /p >


    < p > a group of internal staff confirmed to reporters that as of June 20th, apart from the normal operation of hotels and properties, their stores, real estate and other businesses have been suspended.

    < /p >

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