On February 8, Jinhua Intermediate People's Court offered a reward of 500 million yuan for the debts owed by *ST Guangxin's actual controller, Yu and his two sons, Yu Jiangbo and Yu.
At the same time, the court also stated that if someone can provide real and effective clues about the property of the person subjected to execution, the reward amount will be10% (50 million yuan) of the actual execution income of the applicant.
Zhou Xiaoguang, who started from scratch in 1980s, was once one of the legendary inspirational women among Zhejiang businessmen, from an embroidery needle to a stall until she became the "queen of ornaments".
As one of the richest women in Zhejiang, Zhou Xiaoguang has built an 80 billion business empire in Yiwu from scratch for 40 years, but she was exhausted in just half a year, and still bears tens of billions of debts, and she was reduced to being rewarded by the court for debt collection.
In 20 17, the series "Chicken Feathers Fly to Heaven" starring Zhang Yi and Yin Tao was released, which reproduced the struggle history of several generations of Zhejiang businessmen.
"Standing on the cusp of the times, even if it is as small as a chicken feather, there is hope to soar" has inspired many people.
Among them, the heroine played by Yin Tao is based on Zhou Xiaoguang, and her personal struggle history is full of legend.
/kloc-in October, Zhou Xiaoguang was born as the eldest daughter in a small village in Zhejiang. Because her parents were bent on having a boy, she finally had the most precious little brother in her family after giving birth to five sisters in succession.
A family of nine has to eat, which makes this poor family unsustainable. Zhou Xiaoguang, who was only 6 years old, began to learn embroidery skills with her mother, and she also set up stalls with her mother on weekdays.
As the eldest in the family, Zhou Xiaoguang voluntarily gave up her studies in order to improve the family environment and relieve her mother's pressure. /kloc-at the age of 0/6, with his exquisite embroidery skills, he went out to earn money and sold embroidery for several years, but his income was meager and it was still difficult to support his family expenses.
In order to feed his starving younger brother and sister, Zhou Xiaoguang moved to Yiwu, selling embroidery patterns during the day and buying goods in Daiyue at night. After six years of persistence, she finally saved 20 thousand yuan.
It was here that Zhou Xiaoguang met his other half. 1985, married in.
After they got married, they bought a stall in Yiwu to sell ornaments. With the spirit of hard work and years of accumulated experience, the husband-wife file is getting bigger and bigger. In less than five years, its annual flow has exceeded one million.
1995, the couple invested a total of 7 million yuan to set up a factory, and founded Guangxin Jewelry Group, which is the first jewelry production in Yiwu.
In the following four years, Guangxin Jewelry has made gratifying achievements, and its sales channels are all over the country, and it has always held the top spot in domestic jewelry.
In 2000, Zhou Xiaoguang led designers and workers to work overtime to produce more than 6,000 new products, which became famous at the Hongkong International Jewelry Fair.
In 200 1 year, Zhou Xiaoguang took advantage of the situation to enter the high-end market in the United States, and even former US President George H.W. Bush wore a Guangxin tie clip.
Zhou Xiaoguang has a business mind. Soon, Guangxin Group became the most influential private enterprise in China, and Zhou Xiaoguang was awarded the title of "Jewelry Queen".
Under the cover of a series of honors, Zhou Xiaoguang began to invest in banks blindly.
Because Zhou Xiaoguang was not satisfied with "tinkering around the edges" in the jewelry industry, Guangxin Real Estate Development Co., Ltd. was established in 2004, and Zhejiang Wansha Real Estate Group was acquired to officially cross-border real estate.
According to the data, the development area of Zhejiang Wanxia is more than 2 million square meters, including Yiwu Fortune Building, International Trade Building, Xinke Garden, Guangxin Tiandi, Yiwu World Trade Center and other projects 10.
While developing real estate business, Guangxin Group also acquired commercial retail business to expand.
In 2005, Guangxin spent 1 100 million yuan for the first time to acquire and control Miramar Group, which owns six old shops, including Zhang Xiaoquan, in a prime location in Shanghai.
From 2011-2012, Guangxin Group acquired a total of 1 1.37% shares of the listed company, becoming the largest shareholder of Wuhan Zhong Bai.
Due to the obstruction of Wuhan State-owned Assets Supervision and Administration Commission, the controller of Wuhan Hanzhong, Guangxin Group was unable to enter the management, and the nomination of two directors was rejected by the board of directors, so Guangxin had to reduce its holdings and withdraw.
In 20 16, Guangxin Yuancheng was listed on the backdoor of Anhui Fiona Fang, and Guangxin Group became the actual controller holding 79% equity of Guangxin Yuancheng. In the same year, Zhou Xiaoguang and his wife ranked 53rd on the Hurun Report with a wealth of 33 billion.
Since then, Guangxin Group has developed into a comprehensive company integrating jewelry, high-end manufacturing, real estate, internet and finance, with nearly 100 wholly-owned subsidiaries and holding companies, more than 40 shareholding companies and assets as high as 80 billion.
In 20 18, Zhou Xiaoguang won 26th place in Hurun's list of self-made women rich in the world, becoming the undisputed richest woman in Zhejiang.
Desperate leverage has enabled Guangxin to achieve a rapid expansion in scale, but it has also brought high debts.
By the end of 20 10 and 20 1 1, the total liabilities of Guangxin Group were 5.385 billion yuan and 1035438+0 billion yuan respectively.
Zhou Xiaoguang has been looking for financing channels in an attempt to "borrow the old for the new", but it can't solve the fundamental problem. By the end of 20 14, its long-term debt due within two years reached 5.876 billion yuan, accounting for 69. 17% of its debt.
In 20 15, Zhou Xiaoguang aimed at listing and eventually failed; 20 16, Zhou Xiaoguang still took the lead in the capital gamble and lost the bet; In 20 18, the company was heavily in debt, but Zhou Xiaoguang was killed. With the emergence of a series of problems, the credibility of Guangxin in the capital market has dropped significantly.
From 2065438 to September 2008, two debts of Guangxin Group with a total amount of 3 billion broke out, which confirmed the rumors about its liquidity crisis.
Zhou Xiaoguang entered a dead end of "lack of money-breach of contract-even less borrowing money-continuing breach of contract-asset freezing-litigation".
As of 20 18, the liabilities of Guangxin Group soared to 49 billion. On March 20 19, Guangxin Group and its three subsidiaries filed for bankruptcy and reorganization.
According to the data, there were still 35.7 billion yuan of debts on the books of Guangxin Group at that time. Zhou Xiaoguang changed from the richest woman to "the first woman with a heavy burden". Shares were frozen in turn, many properties were seized, and its subsidiaries owed money. Zhou Xiaoguang became "Lao Lai".
A generation of business elites and the business empire she founded with her own hands ended in a bleak way, falling from the throne of "the richest woman in Zhejiang", leaving a "chicken feather".