China Minsheng Trust sued Shi Yuzhu and Huang Youlong. What is the whole story?

Huang Youlong's wife had another accident, and China Minsheng Trust Co., Ltd. took Huang Youlong, his wife and Shi Yuzhu to court. After Huang Youlong's wife married Huang Youlong, she began her legendary life and became the female version of Buffett. Unfortunately, it wasn't long before she fell off the altar. First, he was banned from entering the securities market. What's more, he was fined a lot of money. Later, all her works were taken off the shelves. This time it was brought to court by China Minsheng Trust Co., Ltd., so what happened to this matter?

What is the whole story?

What is the reason why China Minsheng Trust Co., Ltd. sued three people? Guarantee contract dispute? In fact, this is not the first time that China Minsheng Trust Co., Ltd. has brought Huang Youlong's wife to court. China Minsheng Trust Co., Ltd. has already brought Huang Youlong's wife to court. Why? Guarantee contract dispute? In this lawsuit, Huang Youlong's wife's 5 million shares were frozen. The specific reasons of this case are not detailed, and outsiders don't know what is going on. This time, China Minsheng Trust Co., Ltd. disputed the guarantee contract? There is not much explanation as to why Huang Youlong's wife Huang Youlong and Shi Yuzhu were sued, and how the whole thing happened.

What is a guarantee contract?

According to the relevant laws and regulations, the guarantee contract is actually a contract in which the guarantor and the creditor agree on relevant responsibilities and obligations through agreement. When the debtor fails to perform the responsibilities and obligations stipulated in the contract, the guarantor needs to perform the debts or assume the responsibilities as agreed. That is to say, China Minsheng Trust Co., Ltd. is the guarantor of Huang Youlong and Shi Yuzhu, while Huang Youlong and Shi Yuzhu are debtors, and Huang Youlong and Shi Yuzhu failed to fulfill their responsibilities according to the terms of the guarantee contract. Therefore, China Minsheng Trust Co., Ltd., as a guarantor, needs to fulfill its debts or assume contractual responsibilities as agreed.

Many industries under Huang Youlong's wife's name have been frozen.

When Huang Youlong's wife made her own business map for the first time, she invested in many industries, involving many industries. Unfortunately, many of them were frozen later. In addition, as the boss, she was also implicated and her work was taken off the shelf. Although she came out the first time to apologize for this, unfortunately, she did not get forgiveness from netizens. Some netizens even broke the news that she was wearing a Japanese kimono, which made netizens even more angry. Huang Youlong's wife's businesses in commerce, culture, media, investment, entertainment, automobile sales and service, real estate development and catering management were all frozen, and even two were cancelled and four were cancelled.