Zhou Tianbao became the director and general manager of Jingxi Heavy Industry. It can be said that Tianbao Group is also an indirect shareholder of Jingxi Heavy Industry. However, the relationship between Zhou Tianbao and Fangshan District Government can be traced back to the equity pledge of ST Songliao in 2008.
At the end of 2008, Zhou Tianbao pledged 67.04 million ST Songliao shares of Tianbao Group to Beijing Tengxiang Investment Development Co., Ltd. (hereinafter referred to as "Beijing Tengxiang") as a guarantee for Tianbao Automobile to borrow 300 million yuan from Beijing Tengxiang.
Beijing Tengxiang is a wholly-owned company established by the Industrial Corporation of Liangxiang Economic Development Zone in Fangshan District, Beijing. At that time, Zhou Tianbao was in the early stage of negotiating with Fangshan District Government of Beijing and Shougang Group to establish a joint venture company to acquire the suspension braking business of Delphi in the United States.
Tianbao Group was originally a second-tier supplier of Delphi parts, with an office in Detroit, so it is well aware of the trend of Delphi bankruptcy protection. This situation has facilitated its cooperation with Fangshan District Government. In fact, in the transaction of participating in Jingxi Heavy Industry, Zhou Tianbao exchanged the mess of ST Songliao for the real equity of Jingxi Heavy Industry, a high-quality asset.
However, this is not the first time that Zhou Tianbao has used the shell resources of st Songliao. In the subsequent cooperation with Yizhuang International, Tianbao Group and Beijing Yizhuang International Investment and Development Co., Ltd. established Yingke Century Company with a registered capital of 800 million yuan, and the equity ratios of Yizhuang International and Tianbao Automobile were 55% and 45% respectively.
Previously, in March of 20 10, Tianbao Automobile transferred its 24.89% stake in ST Songliao to Yizhuang International, totaling 490 million yuan, which means that within one year, the equity price of Tianbao Automobile in ST Songliao increased from 300 million yuan to 490 million yuan. ST Songliao's third quarterly report this year shows that its net assets are only 65.438+37 billion yuan, and the equity of 24.89% equity is only 34 million yuan.
With the transfer of shares, the role of Tianbao Automobile in Jingxi Heavy Industry has also changed, and the team represented by Shougang has been fully responsible for its daily operations. For Tianbao Automobile, the road of capital operation is not over.
On September 9 this year, Beitai Venture, a listed company of Tianbao in Hong Kong, announced that Beitai Automobile Liquidation Hearing was postponed to 20111.
It is widely rumored in the market that Jingxi Heavy Industry, in which Tianbao Automobile shares, will be the "white warrior" for restructuring Beitai Automobile. Beitai Venture has also announced that it has signed an exclusive agreement with Jingxi Heavy Industry, and promised not to negotiate with any other party on the creditor's rights or equity restructuring of Beitai Venture.
If there are no accidents, Zhou Tianbao will become a minority shareholder by transferring part of his equity to save Beitai from starting a business; However, it does not rule out the direct transfer of Beitai entrepreneurial shell resources, so that Jingxi Heavy Industry can go public in Hong Kong.
However, after the above actions, Zhou Tianbao can only lose his own car, and for the complex natural insurance department and dozens of companies behind it, the outcome after the bank credit is tightened can be imagined.