[Cai Zhi Headline] Fried pot!"China Venture Capital Godfather" Wang Chaoyong was forced to execute 550 million yuan

On August 4th, another heavy news came out of the venture capital circle -the former tens of billions of private equity Wang Chaoyong (originally named Wang Chaoyong, the following is called Wang Chaoyong) and the letter Zhongli he founded by him was ranked again. In order to be executed, a total of 554 million yuan was performed.

As a well -known figure in the China Investment Circle, Wang Chaoyong was once known as "Wall Street Prodigy", "Godfather of China Venture Capital", "Investment in the Grand Crocodile" and so on.

According to China Executive Information Disclosure Network, Beijing Xinzhong Investment Co., Ltd. and the company's legal representative Wang Chaoyong added a newly executed person information, with 554 million execution of the target, and the case number was (2022) Beijing 01 843, execution execution, execution, and execution. The court is the Beijing First Intermediate People's Court.

Source: China Execution Information Disclosure Network

In response, Xinzhongli emerged on the evening of August 4 an announcement and explanation involving the progress of arbitration, saying that the Beijing Arbitration Commission was received on June 10th (2022) Beijing arbitration characters made on June 2, 2022 No. 1537 arbitration decision. As the businessmen failed to sort out the documents received in time due to resignation and transfer, the company failed to disclose the notice of the lawsuit in time, and is now supplemented.

This is no longer the first time I am involved in the legal storm. Since last year, Wang Chaoyong, a former figure in the PE industry, frequently passed on the news of the loss of losses, although the letter of the letter listed on the New Third Board earlier this year, saying that Wang Chaoyong has fulfilled his duties normally, and the company's operations are normal, but the past scenery is no longer there.

The transfer price of 500 million yuan was transferred to the Great Wall Life Payment Partnership.

Announcement of arbitration progress shows that this major arbitration is applied by Great Wall Life Insurance, and the date of arbitration acceptance is August 11, 2021. The respondent was for Beijing Xinzhongli Investment Co., Ltd., Beijing Xinli Equity Investment Management Co., Ltd., Wang Chaoyong.

The reason for the dispute is that Great Wall Life Insurance and Xinzhongli and Wang Chaoyong signed the "Partnership Share Transfer Agreement". Partnership) (referred to as "Yongxin Fund") all partnership shares.

In the end, the Beijing Arbitration Commission's arbitration is as follows: Xinzhongli to the Great Wall Life Insurance Payment Partnership share transfer price of 500 million yuan; payment of overdue payment liquidated damages of 10.360 million yuan, and the transfer price of partnership shares is based on the loan market quotation interest rate (LPR). Two times as the applied interest rate for overdue payment liquidated damages to the actual settlement of the actual settlement; the paid lawyer fee is 325,500 yuan and the insurance liability insurance premium is 218,400 yuan; Wang Chaoyong shall bear the liability for the applicant's payment obligations.

In addition, Xinzhongli and Wang Chaoyong's joint payment to Great Wall Life Insurance to pay a difference of 40 million yuan, and the transfer price of partnership shares is calculated as the calculation base, and the annual interest rate is calculated until the actual settlement date; 26.83 million yuan, the premium of 5,000 yuan.

On August 4th, China Judgment Web.com showed that the matter had entered the execution stage, and Wang Chaoyong, a actual controller Wang Chaolong and the actual controller Wang Chaoyong, was classified as the executed person, and the implementation of the subject was more than 554 million yuan. The intermediate people's court, the case for the case is July 25, 2022.

Caishiro Emergency Announcement

On the evening of the 4th, Xinzhongli Early remedied the announcement and explanation of the progress of arbitration.

Xinzhongli said in the announcement that the company recently negotiated with the relevant matters related to the Great Wall Life Insurance on the relevant matters related to the Yongxin Fund, and will also seek negotiation and promotion of other implementation solutions. At the same time, the company will recently submit a procedure to the court and does not give an application to safeguard the legitimate rights and interests of the letter.

According to the China -China Union Kaixinbao data, Yongxin Fund was established in June 2017 and recorded in May 2019. The registered capital and actual payment capital are 1.82 billion yuan. company. Great Wall Life Insurance is one of the funds of this fund, with a shareholding ratio of 27.4725%. In addition, the fund has 6 LP, one of which is Soochow Life Insurance, which is 200 million yuan and 10.9890%of the shareholding ratio. Essence

According to the information of the referee, in March and April of this year, the People's Court of Huqiu District, Suzhou City, Jiangsu Province made a civil judgment and civil ruling of the first instance of civil junior instance on the Soochow Life Insurance and Wang Chaoyong contract disputes. Wu Lianlian Insurance has given priority to the return of 24 million yuan and late funds, and ruled that the respondent Wang Chaoyong Bank's deposit was 17.8018 million yuan or seized and seized its corresponding value.

Source: Truth Document Network

Who is Wang Chaoyong?

As China's earliest financial institution engaged in the venture capital industry, Wang Chaoyong is one of the representatives of the old PE institution. At the end of last year, Wang Chaoyong was reported to be lost. On the evening of January 7 of this year, Xinzhongli issued an announcement that the company had contacted the actual controller Mr. Wang Chaoyong and confirmed that it would cooperate with the public security organs to investigate during the loss of contact. On the same day, Wang Chaoyong reposted multiple news in his circle of friends, all news of Xinzhongli Capital.

Since then, he has not appeared in the media's sight and rarely appeared publicly. As the controller of Nobeli, Wang Chaoyong's resume is also quite "legendary". He was admitted to the university at the age of 15. In 1984, he graduated from the School of Management Engineering from Huazhong University of Science and Technology (now Huazhong University of Science and Technology). In 1985, Wang Chaoyong, as the first batch of Tsinghua University public students to study in the United States, obtained the MBA degree from the University of Rogers. Some alumni said in an interview with the Securities Times reporter that indeed I heard that Wang Chaoyong had encountered difficulties. Although it was not convenient to comment too much, it also expressed regret. After the completion of the academic studies, Wang Chaoyong has worked in JP Morgan Chase, Standard Pur, Morgan Stanley in JP Morgan Chase, and the head of Morgan Stanley China in China from 1987 to 1998. child prodigy". Before starting a business in 1998, Wang Chaoyong was invited by the National Development Bank as a full -time senior adviser to participate in the business banking of the preparation and establishment of a national development bank.

In terms of investment business, Xinzhongli Investment runs through the VC/PE entire industry chain, and has always focused on and leading the direction of emerging industries, such as TMT, Internet and mobile Internet, high -end consumption, medical great health, energy saving and environmental protection new materials, etc. Of the more than a hundred companies that have invested in, including a group of well -known domestic and foreign companies and industry segmented companies, such as Aston Martin, Baidu, Sohu, Huayi Brothers, Dongtian modeling, Longwen Education, Zhongxin, beauty, beauty, beauty, beauty, beauty, beauty Years Health, Lang Jin Technology, etc.

However, from the current public information review, there are not many cases of new investment in Xinzhongli, almost all of them are the next round of financing of old projects. The company's official website shows that since 2022, two invested companies have completed financing. At the same time, investment enterprises Yuncong Science and Technology and He's Ophthalmology have been listed on science and technology boards and GEM.

Cumulative fined nearly 1.6 billion yuan

Data from Tianyancha APP shows that at present, CITIC's cumulative execution amount exceeds 1.59 billion yuan. Wang Chaoyong is the legal representative of Zhongli, and holds 30.71%of the shareholders as the largest shareholder. Earlier, he twice appeared in the "blacklist" of the broken trust. In July 2021, due to the violation of the property report system, the first announcement of the letter was included in the list of people who were dishonest.

On February 22 this year, Xinzhongli disclosed the announcement that due to the obligations determined by the effective legal documents, the company and the relevant subject and the actual controller Wang Chaoyong were included in the executor of the dishonesty by the Beijing Third Intermediate People's Court, and more than 740 million the targets were executed. Yuan. At the same time, since April 2021, Xinzhongli and Wang Chaoyong have been adopted many times.

Public information shows that Wang Chaoyong founded the Xinzhimi Capital Group in 1999 as the chairman. Xinzhongli is one of the earliest domestic investment institutions engaged in venture capital and private equity investment. The company started the foreign currency venture capital management business since 2000, and increased the RMB fund business in 2009. At present, the size of the management fund exceeds 30 billion, and has invested nearly 200 companies, including Baidu, Sohu, and Huayi brothers.

Xinzhongli's website disclosed that through the past 20 years, the company has grown into a top domestic investment institution. The industry in the industry has ranked among the best in the professional ranking of fund managers and successfully listed the RMB business to the New Third Board. In recent years, its performance is not good. According to the 2021 annual report performance report released by the letter, the company achieved operating income of 230 million yuan, a year -on -year decrease of 73.80%, a net loss of 1.593 billion yuan. The income is -1.24 yuan. The same disclosure shows that the company also asked for inquiry letters for annual reports and was required to explain the reasons and rationality of the sharp decline in operating income. In addition, Xinzhongli also involved 44 legal proceedings, and the case information involved was as high as 19.

According to the website of the China Fund Industry Association, Beijing Xinli Equity Investment Management Co., Ltd. is 50 to 10 billion yuan, the number of funds is 26, and its scale is more than 10 billion yuan a few months ago. On April 19, 2021, the Beijing Securities Regulatory Bureau took administrative regulatory measures to be ordered to make corrections, involving violations of the fund partnership agreement, insufficient investor management, the minimum income of the commitment, and the non -timely disclosure of major lawsuits and equity frozen matters.

(WeChat public account "Cai Zhi Headline" comprehensive self: Securities Times, Daily Economic News, Red Star News, etc.)

Edit: Yuan Kai

School pair: Fenghua

Review: Gong Zimo

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