The List Of Quanzhou Lost Contact Enterprises Has Reached 18.

The latest Fujian cable shoe CEO

COO Wu Minghong and his son's absconding will not be the last example of the loss of Quanzhou enterprises.

Recently, the local financial and enterprise WeChat circles spread the list of Quanzhou's discredited and lost contact companies, up to 81 and 18 respectively.

A number of listed and quasi listed companies were involved, including the news of loss of joint ventures such as odd, alligator, and Redstar.

"(refers to the information of dishonest enterprises) should be the internal information of the bank, sent to WeChat by individual staff."

The Quanzhou regulatory sub Bureau of the CBRC told reporters in September 18th.

Because of the low positioning of the product positioning, serious excess capacity, and slow industrial pformation and upgrading, Quanzhou's private enterprises are now suffering from the biggest operating pressure since the financial crisis.

In this period of adjustment, there are bound to be a batch of enterprises to fall.

China's shoe and clothing manufacturing center, Quanzhou, is facing a new normal running road.

Executives lost contact again.

Wu Qingyong, the "good man", makes it difficult to relate to absconding with money.

"He lost contact, really unexpected."

A local entrepreneur Wu Qingyong familiar with Lin Fang (a pseudonym) said.

Wu Qingyong, 52 years old, is modest and impatient. He is generous to people, good for his employees and rather stingy with himself.

It is said that driving a car with three or four thousand cars is worse than the company's executives.

"The donation is very generous. Most of the public facilities in their village are donated by him."

Lin Fang told reporters.

In September 16th, the cable industry announced that its CEO Wu Qingyong and chief operating officer Wu Minghong had absconded.

On that day, the stock plunged 79.3% to 1.35 euros.

The company reported that as of June 30th this year, its cash and cash equivalents were 131 million 100 thousand euros, but the statement did not disclose how much cash it had been swept away.

However, Liang Liang, assistant director of Suo Li shoes industry, told reporters in the morning of September 18th: "(absconding) is the announcement from outside (referring to the German listed company), not on our side.

If the boss goes out for a few days to recuperate, he should come back soon, and the company will go to work normally.

In December 9, 2011, Suo Li shoes listed on the main board of Frankfurt stock exchange, issuing 700 thousand shares, issuing 9 euros per share, raising a total of 6 million 300 thousand euros.

The company mainly sells soles, sandals and slippers, fashionable leisure footwear and accessories.

There are 1400 employees and more than 110 stores.

It is understood that the size of Suo Li shoe industry is not large in Jinjiang, and many people do not expect it to be listed in Germany.

"The surface is not bad. Before the listing, the tax payment has exceeded 20 million yuan for two or three consecutive years."

Lin Fang said.

Suo Li shoes industry is famous for its shoe material business in the early days. It refers to Anta sports and XTEP international suppliers.

However, in September 17th, Anta responded to our reporter that the two sides stopped cooperation for more than 5 years.

XTEP stated that it had never had any business relationship with cable.

In 2008, the footwear industry started to pform the cable shoe industry and introduced the brand of cable shoes.

Cable stores are mainly opened in department stores, and the main price is 1000-2400 yuan.

Earnings data showed strong growth in cable shoe business in recent years.

In 2012, the company's revenue was 149 million euros. In 2013, it increased to 163 million 800 thousand euros (1 billion 303 million yuan), with a net profit of 35 million euros (about 278 million yuan).

In the first half of this year, cable sales revenue increased by 1.4% to 74 million 800 thousand euros.

In August, Suo Li shoes received $60 million credit support from Nomura international Limited Hong Kong Company, which was used for M & A expansion.

"I heard he was there.

In mining, private lending has never been heard.

However, last month there was a rumor that cable loan was not paid on time.

Lin Fang said.

Outflow of lost credit list

Recently, Quanzhou's financial and business circles circulated a list of WeChat's discredited and lost contact companies.

The time of filling in the report shows that the questionnaire on the occurrence of large credit risk enterprises in Quanzhou's banking institutions in August of this year (hereinafter referred to as "Questionnaire") contains the names of credit risk customers, the time of risk occurrence, the reporting banks, the situation of private financing, whether the enterprises have raised funds in the domestic and foreign capital markets, and the amount of money raised when listing, and so on. The information of 81 credit companies has been given.

Our reporter made a rough statistics, including at least 5 listed companies including Lu You sports and Hong Rui Xing. Among them, 6 listed companies, namely, odd, cable, and alligator, are among them.

A number of financial circles told our reporter that the questionnaire was official and the content was true.

Cable force

The list is seventy-seventh, including Suo Li (China) Limited, Suo Li Industrial Co., Ltd., Fujian Chun Hui sporting goods, Sheng Hui (Fujian) shoes material four companies, the risk occurred in July, reported by ICBC.

On the afternoon of September 18th, the Quanzhou regulatory sub Bureau of the CBRC told reporters: "it should be the internal information of the bank and sent to WeChat by individual staff."

The person did not confirm whether the questionnaire came from the banking supervision department, but the table had information such as the sub bureau leading department.

"Some enterprises have difficulties in temporary."

The former CBRC said.

The other is the list of Quanzhou missing companies aggregated by the provincial finance office, which is a screenshot of the EXCEL form. It lists information on the legal representatives (actual controllers), lending banks, loan balances, and event descriptions of 18 missing companies.

The list shows that Ding Hui, President of Fujian's Limited by Share Ltd, which was lost in July 21st, involved the 310 million yuan loan balance of Bank of China, Xingye Bank, Bank of communications, Xiamen International Bank and other banks.

In order to further confirm the authenticity of the news, our reporter sent a telegram to Quanzhou Quaker Paper Co., Ltd. and Yongchun Liansheng series (including 5 enterprises such as Yongchun Hongtai industry).

The Quaker staff said, "I don't see the boss, or you can help me find it."

The missing list shows that Huang Haiming, a representative of the Quaker paper company, and his spouses lost contact with him in May 25th and involved 380 million yuan in loans.

The Quaker paper, which was listed on the main board of the Frankfurt stock exchange in July 13, 2011, was raised by 1 million 410 thousand euros.

Yongchun Hongtai industry insiders told our reporter, "the company has changed its boss". The local government arranged a Liu government official to manage the company.

The list of events briefly stated that Lin Jiebo and his wife, Yongchun Hongtai industrial legal representative (actual controller) were lost in May 25th.

Yongchun Liansheng series involves 594 million yuan loans, such as ABC, CCB, CITIC Bank, Huaxia Bank, Hengfeng bank and Straits bank.

Compared with the above two lists, the newspaper reporters found that 9 of the 81 failed companies coincided with the missing list enterprises, accounting for half of the latter.

The balance of loans of 18 lost companies is 1 billion 850 million yuan, of which 11 are footwear and clothing enterprises.

6, July lost the largest number of enterprises, 5 have occurred.