Source: Taipei Guide
Taiwan's Gong Paper Dachang Zhenglong announced on January 31 that its subsidiary Winvantage Corporation announced that it would issue a statutory claim to Vanke Real Estate (Hong Kong), the guarantor of the buyer, for the sale of the 100% equity of Ever onward Corporation. Sincerely resolved!
Shanghai Zhonglong Paper, which was invested in Zhenglong, was discontinued in September of the previous year. The plant is located in 22.2 hectares of land in Shanghai's elite area. Last year, it was sold by Winlongage Corporation of Zhenglong Subsidiary, including 100% transfer of Ever onward Corporation and 100% of it. The equity of Hong Kong Zhonglong Company and Shanghai Zhonglong Paper, which were transferred to Shenzhen, was sold to Sinobird Holding Limited (acquired 49% equity) and Hybest (BVI) Company Limited (undertaken 51%) of the wholly-owned subsidiary of Shenzhen listed company Vanke. Equity), the total amount of sales was 1.31 billion yuan, the estimated profit was about 520 million yuan, and the positive profit per share was 1.7. In the first quarter of last year, the change registration was completed and the disposal interest was recognized.
Zhenglong said that the above-mentioned equity transaction has received 80% of the total price, which is RMB 1,480 million. According to the share sale and purchase agreement, the buyer should pay the third amount on October 15, last year (the final handover date), totaling 151.21 million. Renminbi was given to Winvantage Corporation, but the buyer has not paid yet. Therefore, on January 18, Winvantage Corporation issued a statutory claim to the buyer's guarantor, Vanke Real Estate Hong Kong. Vanke Real Estate Hong Kong submitted an arbitration application to the Hong Kong International Arbitration Centre on January 31.
It is understood that Vanke Real Estate intends to transfer the original paper mill land for other purposes, and is applying to the local government for change of use. The buyer also has a fourth payment of more than RMB 130 million, which will be due and will expire on April 15. .
Editor in charge: Xia Jing
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