Why did Fang Chaoyang buy Kuaiji Mountain?

Fang Chaoyang's acquisition of Huijishan is the bankruptcy reorganization of Gong Jing Group. 65438 On February 26th, 2022, Huijishan announced that 65438+49 million shares of Huijishan tradable shares held by Gong Jing Group had been transferred to Zhongjianxin Zhejiang Company. After this transfer, Gong Jing Group no longer holds the shares of Huijishan, and Zhongxin Zhejiang Company becomes the new controlling shareholder of Huijishan. At the same time, Fang Chaoyang, as the actual controller of Zhongxin Zhejiang Company, will also replace Jin Liangshun as the new actual controller of Huijishan. Changes in equity of Huijishan originated from the bankruptcy and reorganization of Gong Jing Group, the controlling shareholder. In 20 19, Gong Jing Group was in debt crisis and applied to the court for reorganization. In June this year, Gong Jing Group and China Construction Trust Holding Group Co., Ltd. (hereinafter referred to as "China Construction Trust") signed a restructuring investment agreement. As a reorganizer, China Construction Trust intends to pay an investment consideration of 65.438+87.3 million yuan to acquire 65.438+49 million shares of Huijishan held by Gong Jing Group (accounting for 29.99% of the total share capital of Huijishan), and all these shares will be transferred to China Construction Trust, a wholly-owned subsidiary of China Construction Trust.