Non-Performing Debt Assets of Fujian Haosen Packaging Put Up for Auction at Starting Bid of RMB 103 Million

China Great Wall Asset Management Co., Ltd. Fujian Branch (hereinafter referred to as "Great Wall Fujian Branch") will hold a public bidding activity for the non-performing creditor's rights assets of Haosen Packaging (Fujian) Co., Ltd. that it owns, starting at 10:00 on May 31, 2021 and ending at 10:00 on June 1, 2021 (excluding extensions). The announcement is as follows:

As of December 20, 2020, China Great Wall Asset Management Co., Ltd. Fujian Branch (hereinafter referred to as "Great Wall Company") owns the non-performing creditor's rights assets of Haosen Packaging (Fujian) Co., Ltd. transferred from the Fujian Branch of China Construction Bank Corporation, with total principal of 177,838,900 yuan, total interest and penalty interest of 64,783,600 yuan, and total creditor's rights of 242,622,500 yuan. The guarantee method for the loan is mortgage plus suretyship.

1. Basic information of the borrower

Haosen Packaging (Fujian) Co., Ltd. was established on May 20, 2011, with a registered capital of RMB 300 million HKD, and its company type is a limited liability company. The legal representative is Lin Mou-xing. The plant is located in the China Packaging and Printing Industry (Jinjiang) Base, and it mainly produces color-printed packaging cartons, paper bags, gold and silver cardboard and other packaging and decoration products. The enterprise is currently no longer operating. The enterprise and Fujian Jinjiang Daziran Color Printing Co., Ltd. are affiliated enterprises, and their actual controller is the same person, Lin Mou-wang.

1. Loan situation

As of December 20, 2020, the outstanding financing balance under this project is 242,622,491.01 yuan, of which the principal is 177,838,872.20 yuan and the amount of interest owed is 64,783,618.81 yuan.

1. Guarantee situation
2. Collateral situation

(1) Mortgage guarantee is provided by Plant No. 1 and the land at No. 28 Dagongshan Road, China Packaging and Printing Industry (Jinjiang) Base, Cizao Town, Jinjiang City, under the name of Haosen Packaging, with a maximum mortgage amount of 99,609,000 yuan set; land area: 23,483 square meters, land certificate: Jin Guo Yong (2015) No. 00693, land other-rights certificate: Jin Ta Xiang (2015) No. 00476; building area: 67,871.69 square meters, property ownership certificate: Jin Fang Quan Zheng Cizao Zi No. 201506498, property other-rights certificate: Jin Fang Ta 2015 Zi No. 3065.

(2) Mortgage guarantee is provided by Plant No. 2 and the land at No. 28 Dagongshan Road, China Packaging and Printing Industry (Jinjiang) Base, Cizao Town, Jinjiang City, under the name of Haosen Packaging, with a maximum mortgage amount of 42,255,000 yuan set; land area: 25,612 square meters, land certificate: Jin Guo Yong (2015) No. 00694, land other-rights certificate: Jin Ta Xiang (2015) No. 00475; building area: 21,729.08 square meters, property ownership certificate: Jin Fang Quan Zheng Cizao Zi No. 201506501, property other-rights certificate: Jin Fang Ta 2015 Zi No. 3064.

1. Guarantor situation

Fujian Jinjiang Daziran Color Printing Co., Ltd. was established on August 18, 1995, with a registered capital of RMB 40 million, and its company type is a limited liability company. The legal representative is Lin Mou-xin. The plant is located in Chendai Gounxi Industrial Zone, Jinjiang City, and it mainly produces color-printed packaging cartons, paper bags, color-printed fine corrugated cartons (boxes), eco-friendly bags and other packaging and decoration products, with color boxes as its core product. The enterprise is currently no longer operating. The actual controller of the enterprise is the same person, Lin Mou-wang. It signed a maximum-amount suretyship contract, with a guarantee limit of 109,000,000 yuan.

1. Litigation situation

The original creditor bank for this account, Jinjiang CCB, has filed a lawsuit, and the two parties reached a mediation agreement, but Haosen Packaging (Fujian) Co., Ltd. failed to perform the terms agreed in the mediation document, and CCB has applied for compulsory enforcement.

Intended buyers are requested to comprehensively and in detail understand the situation of these assets; the materials or information provided by "Great Wall Fujian Branch" are for reference only. Time and method for consultation and on-site inspection: from the date of this announcement to May 30, 2021, consultations are accepted; please call the consultation phone number or go directly to the office address of "Great Wall Fujian Branch" to consult Mr. Zheng in person.

1. Bidding target

Non-performing creditor's rights assets of Haosen Packaging (Fujian) Co., Ltd. Starting bid price: 103,000,000 yuan, deposit: 5,150,000 yuan, bid increment: 50,000 yuan.

1. Conditions for bidders

Except that state civil servants, staff of financial regulatory institutions, police officers of political and legal organs, staff of asset management companies, management of state-owned enterprise debtors, and related persons such as lawyers, accountants, appraisers and other intermediary agency personnel involved in asset disposal work, or non-financial institution legal persons in which the above related persons participate, as well as persons who have immediate family relationships with staff of asset management companies involved in the transfer of non-performing creditor's rights, state-owned enterprise debtors, or persons in charge of entrusted asset appraisal institutions, and persons who are dishonest persons subject to enforcement or the legal representatives, principal persons in charge, or persons directly responsible for affecting the performance of debts of dishonest persons subject to enforcement, may not purchase or purchase in a disguised form these assets, any natural person, legal person or other organization with full civil capacity may participate in the bidding. Bidders need to have a certain financial strength and good social reputation.

Contact: Mr. Zheng

Contact phone: 0591-87623710

Fax: 0591-87612933

Mailing address: No. 153 Hudong Road, Fuzhou City

Postal code: 350003

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-377411.html