At the suggestion of Xu Zhirong, in June 2007, Mai Xiaoxun established Dongguan Schindler Investment Management Co., Ltd., and quickly borrowed *ST source medicine, one of the old stereotyped shares in Shanghai. "Originally, the company hoped to become bigger through the stock market, and now the chairman himself is stuck." After following Mai Xiaoxun for more than ten years, an executive working in Evergreen International under Fonda Group lamented that it was less than two years since ST Fiona Fang entered the market and Mai Xiaoxun withdrew.
However, the executive calculated an account for the reporter. When operating ST Fiona Fang, plus 40 million yuan during the counseling period, Mai Boss spent 40.72 million yuan; Now Yu Dini, the major shareholder of ST Fiona Fang, has bought 40 million shares of wheat in ST Fiona Fang for 654.38+85 billion yuan. It should be said that the company went public, which made boss Mai make money.
However, Mai Xuexun did not achieve the real purpose of the company after listing. "His initial purpose was to realize the share reform and issue additional shares." A former executive of ST Fiona Fang said that after meeting with Xu Zhirong, Mai Xiaoxun was convinced of Xu Zhirong's "nonsense".
Xu Zhirong suggested to Mai Xiaoxun that after the acquisition of Shanghai Huayuan Pharmaceutical Co., Ltd. and the listing of ST Fiona Fang, he could raise the share price of ST Fiona Fang from 5.3 yuan to 20 yuan, and with the share reform, he could issue additional shares, so that the value of shares held by Mai Boss would increase to 800 million yuan, and ST Fiona Fang would have 4 billion shares, which could be operated by Schindler, the holding company. "Xu Guangtou (nicknamed Xu Zhirong in Shengfang Garden) made a big cake for Mai Boss." The executive said that Mai Xuexun was confused by the lies composed of these beautiful people and listened to Xu Guangtou.
"At that time, the boss was possessed. I once told my boss in front of Xu Guangtou that if you enter the capital market, it is not your most brilliant moment, but you are on the road to death. " Mr. Lu, the assistant of Mai Xiaoxun, also said that at that time, Mr. Mai Xiaoxun wanted to enter the capital market in China and made it his lifelong goal, but he could not listen to other people's objections.
Lu was sent to Shanghai by Schindler Investment for three months, mainly to complete the acquisition of Huayuan Pharmaceutical. Lu said that the middle-level cadres of China Resources Group once said to him: "Your boss, no matter how rich he is, don't buy such a rotten shell of Huayuan Pharmaceutical." At that time, there were rumors within China Resources Group that who wanted to buy Huayuan Pharmaceutical, China Resources didn't want a penny and gave another 30 million yuan.
"Boss Mai was very generous at that time, saying that he had money and didn't need 30 million yuan from China Resources. He also promised to pay economic compensation to the old employees of Huayuan Pharmaceutical." Mr. Lu lamented that when Huayuan Pharmaceutical was acquired, the CSRC would review the assets of Schindler Investment Company. Boss Mai told them that Schindler had invested 2.4 billion yuan in cash, and he was amazed by his generosity and boasting. Mai Xuexun's feat also made China Resources Group shout: Guangdong boss is really rich.
In the process of restructuring S*ST source medicine, the debt of more than 300 million yuan left by S*ST source medicine is an unavoidable debt of ST Fiona Fang.
On June 5438+065438+ 10, 2008, CITIC Bank Shanghai Branch filed a lawsuit, demanding ST Fiona Fang to repay the principal of three loans of RMB * * * 20 million, as well as interest arrears, default interest and overdue interest.
On June 30th, 2008, 65438+February 30th, ST Fiona Fang issued a notice saying, "As of June 20th, 2008, the company's subsidiary, Zhejiang Phoenix Chemical Branch, owed RMB loan principal and interest to China Industrial and Commercial Bank Lanxi Branch due to the loan contract dispute lawsuit between the company and Zhejiang Phoenix Chemical Branch and China Industrial and Commercial Bank Lanxi Branch. On June 5438+ 10, 2009, according to the application for property preservation filed by China Bank Shanghai Branch, the court frozen the assets of ST Fiona Fang for more than 80 million yuan.
On February 10 of the same year, the debt dispute case between Guangfa Bank and ST Fiona Fang was heard. The former requires the defendant to pay the arrears of 54.998 million yuan and interest of 2.8377 million yuan.
Bank of China and Industrial and Commercial Bank of China are the largest debts left by st Fiona Fang, accounting for more than half.
At the same time, ST Fiona Fang's own debts also began to plague Mai Xiaoxun. Guanghui Science and Technology Investment Guarantee Co., Ltd. provided guarantees for the loans of Dongguan Chang Rong Real Estate Co., Ltd. and Dongguan Fangda Group Co., Ltd. to Industrial Bank totaling 42.06 million yuan on June1KLOC-0/October 65438+April 30, 2008 respectively. As Evergreen Property and Fonda Group failed to repay the loan on schedule, Guanghui Ketou has repaid the loan to Industrial Bank for Evergreen Property and Fonda Group.
On June 8th, 2008, 65438+February 8th, Guanghuike filed a lawsuit in Dongguan No.2 Intermediate People's Court, demanding that Evergreen Real Estate and Fangda Group return the above-mentioned arrears, and at the same time demanding that Mai Xiaoxun, Lu Runtian, Fangda Electronics, Galaxy Industrial City, Schindler Investment and Fangda Yuhuan bear relevant counter-guarantee responsibilities, with the amount of the subject matter of the lawsuit being 213,000 yuan.
In the face of heavy debts, Mai Xiaoxun finally admitted that the company's capital chain was in a state of tension. He once said in an interview with a certain media, "The current debt has really put a lot of pressure on the company, and it is difficult to solve it by the company itself. How can you repay hundreds of millions of yuan at once? " And "when I reorganized the S*ST source medicine, I thought a little simpler and estimated the pressure on debt a little less."
In the view of Lu executives, Mr. Mai's failure was caused by the failure of ST Fiona Fang's issuance. "I think the boss was fooled by Xu Zhirong. Later, the boss also found the problem and collected the 8 million shares presented to Xu Zhirong in time. " Lu said that later, Mai Xiaoxun tried to sell ST Fiona Fang at a good price to ease the debt pressure, but all failed. Mai Xiaoxun's dream of "circling money" in the capital market was dashed by failure in just over a year. But when he woke up, there was nothing he could do.
In 2007, when Mai Xiaoxun prepared to break through the debt crisis of Fangda Group and chose to go public to "circle money", he must have suffered countless times in his heart; However, the appearance of Xu Zhirong made him resolutely embark on the road of China's capital market, although it was a heroic ending.
At that time, Evergreen Real Estate, the best asset of Fonda Group, was also heavily in debt. According to an executive of Fonda Group, Evergreen Real Estate was mortgaged to rural credit cooperatives and another bank, with a loan as high as 3 1 100 million yuan. Although the bank did not ask for the return of the principal at that time, it had to pay interest every month, which made Evergreen Real Estate breathless.
In September 2006, Fonda Group invested 65.438 billion yuan to establish Shi Sheng Fonda Company, which mainly provided energy-saving renovation services, energy-saving technologies, R&D, production, sales and agency of various energy-saving equipment. "From the first day of the company's establishment to the end of business in 2009, there is not a day when there is no loss." Mr. Lu, an assistant who used to be Mai Xiaoxun, said that the huge losses of some companies also made Fonda Group worse.
Old debts have also become a problem in the mind of Mai Boss. At that time, he left the "30 tables" catering industry and entered the hotel industry. Liancheng Hotel was transferred to others at the end of 2007 because of poor management, but the debt of Liancheng Hotel is still vivid in the mind of Mr. Mai. Chang 'an people who are familiar with Mr. Mai know that the supply of pork, soy sauce and decoration money to Liancheng Hotel has been in arrears. Lu executives also said, "Counting these complicated debts, Liancheng Hotel owes more than 8 million. After the transfer of the hotel, the debt followed Mr. Mai and was not eliminated. "
In 2006, the executives around Mai Xiaoxun had heard some unfavorable information. "I heard rumors from outside that Boss Mai was in debt1.200 million." Mai Xiaoxun's former assistant said that judging from the current bank prosecution target of 65.438+0.2 billion yuan, the rumors at that time were true, but from 2006 to 2009, Fangda Group lost about 65.438+0 billion yuan in these three years. He estimated that the total liabilities of Fangda Group, plus the debts that have not been prosecuted, are roughly 654.38+0.4 billion yuan.
In 20 10, major banks took Fangda Group to court, claiming more than 654,380.2 billion yuan, but Fangda Group only sold about 470 million yuan. "According to the salary and economic compensation of Fangda Group employees, it is estimated that the creditors of major banks can only get 1/3 repayment, so banks will generate about 800 million bad debts because of Fangda Group." A senior manager of Fangda Group said.
When it comes to employees' salaries, Lao Lu, a former assistant of Mai Xiaoxun, said, don't say that the cleaners and security guards at the bottom of the group didn't get their salaries, or that executives like him were in arrears for more than a year, and many company executives, such as the chief financial officer, were in arrears. "The wages of these employees add up to almost 8 million. Now they are all in the court, waiting for distribution, but they just can't wait." He said.
According to him, the biggest trouble at present is that someone has done labor arbitration in Chang 'an, but the court thinks that someone is cheating, so all arbitrations have been rejected and re-done by the Arbitration Institute in Dongguan. As a result, dozens of people can't get paid because of the object of prosecution and the contract. These workers were unwilling to go to the petition department in Dongguan for many times, so things were delayed again and again.
"We can't live without pay. Some executives have not been paid for almost two years. " Lao Lu said.
Recently, nearly 100 people engaged in labor arbitration, because many people did not have social security, and eventually lost the case. In this way, many low-level employees will not be able to get their salaries from the assets auctioned by Fonda.