Chengdu All Search News Network (reporter Lei Tao) reported on October 14 that in April 2013, citizen Liu Gang invested 300,000 yuan in Chengdu Jiahao Group's "Dongcheng Golden Street" shop project, which is located in the second section of the East Second Ring Road of Chengdu City, adjacent to the Jianshe Road business district, and the geographical location and the 15.2% return proposed by Jiahao have attracted many investors.
However, only one year later, Jiahao Group informed the owners and investors that the rent could not be returned due to financial difficulties. Some properties were also mortgaged to banks and could not be used for property rights. According to jiahao group data, more than 6,000 owners have been affected.
The break in the capital chain affects its projects
In August 2014, Liu Gang received a text message that made him panic - "Hello dear landlord, due to the large number of landlords who return to the lease, the rent refund is partially delayed, and it will be received before the end of this month." Since then, the facts that have occurred successively have proved that Liu Gang's worries are not superfluous, and many investors in jiahao group's real estate projects have also reflected that they cannot get the promised rent return for the right to operate the investment project, and some owners cannot get the property rights certificate.
So far, Liu Gang has received more than 40,000 rents, and if he fulfills the contract signed by the two parties, he will get more than 750,000 yuan with profits. Jiahao Real Estate mentioned in the investment project that it invested 1.48 million yuan in rent, and the total income including principal after ten years will reach 3.7296 million.
The high returns of the project have attracted many investors, and Li Lei, a Mianyang native, invested in "Dongcheng Golden Street" in November 2012, and by September 2014, he received 520,000 yuan in rent; Suining han cheng also invested 1.48 million yuan to buy the property rights and operating rights of the shops. According to statistics, a total of more than 1,000 investors and owners invested in the Dongcheng Golden Street project, but Jiahao Group made it clear that due to the company's capital chain tending to break, it was impossible to continue to pay rent or return the principal.
In fact, it is not only Dongcheng Golden Street that is affected by the capital chain, Jiahao Group's Jiali Plaza, Boiling Point Hotel, Wenwu Road Ruihao Hotel, Jia keyang Property, Shengshi Shawan, Jiahao Yuemei Hotel, Fusida Hotel Renbei Branch, Fusida Hotel Gaoshengqiao Branch, Fusida Hotel Jinshang Branch, Shijing Property and other projects have been affected to varying degrees. Investors and owners of the project mainly face two situations: the owner who purchased the project property cannot apply for the title certificate, the property has been mortgaged to the bank; the investment project operation right cannot get the rent, and the principal cannot be returned.
Liu Gang told the Chengdu All Search News Network reporter that when investors buy jiahao group's shops, they need to sign two contracts, one is the "housing sales contract" and the other is the "entrusted operation management contract". The two contracts respectively stipulate the date of processing of the real estate certificate after the delivery of the house, the payment of rent and other matters. However, Jiahao Group was unable to execute according to the contract and delayed it again and again.
The chairman was criminally detained, and the financial director died suddenly
In September 2014, Hua Maoze, chairman of Jiahao Group, held a general meeting of owners, saying that the group's funds were tight, many projects had been mortgaged, and the rent could not be returned temporarily, hoping to get the support and understanding of the owners and tide over this difficult period.
On September 30, Hua Maoze was detained by the Jianyang Municipal Public Security Bureau. On October 5, the company's official website released an obituary saying that on October 2, Chen Mingsheng, deputy general manager of Jiahao Group and director of the financial center, died of sudden cardiovascular disease at the age of 44. According to the obituary, Chen Mingsheng served as deputy general manager and financial director of Jiahao Group from 2013 to 2014.
According to the information provided to the owner by the Chengdu Municipal Housing Management Bureau: the 5th floor of Jiali Plaza was sealed by the Anyue County People's Court, and the shops on the 1st to 5th floors of the plaza that were not seized were mortgaged to the Chongqing Import and Export Credit Guarantee Company; the Boiling Point Hotel was mortgaged to the Wuhou Branch of Huaxia Bank; and the Jia keyang Property was mortgaged to the Chengdu Branch of Hengfeng Bank.
Why can Jiahao Group still mortgage after selling a property? Owner Liu Gang told reporters that most of the projects under Jiahao Group are real estate purchased from other developers, and the property rights of the house belong to Jiahao Group, and when it is resold to investors, it belongs to the second-hand housing transaction, and there is no need to go to the Housing Authority for the record. This approach gave Jiahao Group an opportunity, and the hidden dangers brought about by this mode of operation broke out in 2014.
The solution is not going well
On October 13, 2014, the official website of Jiahao Group issued an announcement that: Due to the impact of many factors such as national macro-control, bank scale loan collection, asset disposal difficulties, etc., the company's financial situation has deteriorated, the capital chain has tended to be broken, it is impossible to continue to pay rent and check-out payment to investment customers, the company has completely stopped paying check-out payment and rent, and reported the company's assets and liabilities to government departments, requesting government intervention, and building a consultation and dialogue platform with all parties with the participation of the government. Regardless of the disposal of assets or the handling of property rights certificates, they are jointly promoted under the supervision of the government and with the participation of all parties, and jointly seek solutions that are basically acceptable to all parties to ensure the maximization of the interests of all parties.
Liu Gang told reporters that the solution negotiated by Jiahao Group and the owner is mortgage replacement, which will mortgage The new energy company Deyang Bolixun Battery Co., Ltd. and Yunnan Longbahe Copper Mine Co., Ltd., a new energy company under Jiahao Group, to the bank, replace the property rights that were previously mortgaged, and handle the property rights to investors. For the owners of the right to invest in the operation, the property rights are exchanged for the property rights, and the property rights certificate is also given, and for some owners with small investment amounts, the house payment is returned. But this solution requires the approval of banks, and there is no progress at present.
Liu Gang's statement was confirmed by Lu Changjian, deputy general manager of the customer service department of Jiahao Group, who told the Chengdu All Search News Network reporter that Jiahao Group is negotiating with the owners of each project and is also in contact with the outside world, hoping to promote the disposal of assets in Yunnan Copper Mine and introduce funds to Deyang Bolixun, but it is not going well at present.
On October 14, 2014, the official website of Jiahao Group announced that after three months of difficult negotiations, due to the reasons of the acquirer, the disposal of Yunnan Copper Mine could not be completed, and the plan to refund in installments originally scheduled to start on the 20th of this month could not be fulfilled, and the company's assets and liabilities have been reported to the government departments, requesting government intervention, and participating in the overall solution jointly agreed by many parties to ensure that the interests of all parties are maximized. (At the request of the interviewee, the owner in the article is a pseudonym)