On the evening of April 5th, Essence Trust announced that the actual controller Gao Tianguo died of illness.
According to the announcement, Gao Tianguo died of illness on April 4, 2022 at the age of 7 1 year. Subsequently, the actual controller of the company will change.
When the news came out, the financial circle was in an uproar. This capital tycoon, known as the "trust king", has a legendary life. From a young man in a small town in Sichuan and Chongqing to an industry tycoon with a net worth of tens of billions, his ups and downs of life experience even dare not make a movie like this!
Gao Tianguo was born in Langzhong, Sichuan in 195 1. /kloc-joined the army and left home at the age of 0/6. In 1980s, Gao Tianguo switched to the construction industry, and China Construction Seventh Bureau was once promoted to deputy director.
However, the high kingdom of heaven is not satisfied with the life that can be seen at the end of this system. In the 1990s, he chased the craze at that time, resigned from public office and began to go into business.
At that time, the business situation was excellent and there were opportunities everywhere. Gao Tianguo chose his familiar real estate development industry, registered companies in Hongkong and Hainan, and began to speculate on land.
It is worth mentioning that the two "dignitaries" who provided funds for Gao Tianguo at that time did not come to a good end. Wu, the first secretary of the governor of Hebei Province, managed to borrow 654.38 million yuan for the operation of the kingdom, and was later sentenced to death with a suspended sentence. Yan, a member of the Standing Committee of Guizhou Provincial Political Consultative Conference who lent 20 million yuan through Guizhou Trust, is a notorious female corrupt official in Guizhou and was finally sentenced to death with a suspended execution.
Miraculously, Gao Tianguo not only got the money, but also didn't get involved in anything.
Later, due to the bursting of Hainan's real estate financial bubble, Gao Tianguo returned to Henan and moved to the department store industry. After a series of capital operations, Gao Tianguo took a stake in the famous Asian shopping center at that time. After the decline of Asia, Gao Tian established a chain department store, Qiancun Department Store, and successfully entered the markets of Beijing, Kunming, Chengdu and Shanghai.
On the surface, Gao Tianguo wants to do business in another industry. In fact, department stores are just a springboard for him to play with bad assets and establish a "financial empire" in the future.
While integrating inexperienced enterprises, Gao Tianguo has found another good way to exploit loopholes: arbitrage in the disposal of non-performing assets.
Gao Tianguo used low-priced real estate as collateral and borrowed a lot of money from the bank. Then he asked the bank to take back the property if the arrears were not paid. Finally, when the bank publicly auctioned the property, it was taken back by another company at a low price under his banner.
Such a set of operations is equivalent to taking away most of the loan funds in vain. Really a master of arbitrage.
Even so, Gao Tianguo still felt that the speed of making money was too slow, and he turned his attention to more flexible trust business.
200 1, Gao Tianguo guozhijie company became the largest controlling shareholder and changed its name to Anxin trust.
In the following years, Anxin Trust showed a "big" development trend. In the past five years, the net profit of Essence Trust has rapidly increased from 280 million yuan in 20 13 to 3.67 billion yuan in 20 17.
At the most glorious moment of Anxin Trust, its performance once ranked first in the trust industry and became the most profitable trust company in China. At the same time, Gao Tianguo was nicknamed "trust tycoon".
But no one expected that after the peak of 17, Anxin Trust began to collapse.
From 18, the performance of Essence Trust began to decline sharply. 20183.3 billion yuan, with a loss of 3.993 billion yuan in 20 19 and 6.738 billion yuan in 2020.
In 2020, Gao Tianguo himself was also detained by the Shanghai Public Security Bureau on suspicion of illegal lending. However, because he has pancreatic cancer, he is eligible for medical parole.
Watch him build tall buildings and watch his buildings collapse. Over the years, Gao Tianguo's radical behavior style has caused the lack of risk control in Anxin Trust management. Once the policy is tightened, its risk problems will be exposed.
Now, Gao Tianguo's life has come to an end. I wonder who will take over this mess.
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