Yunnan International Trust replied to the media that the company was informed on July 5 that the company’s guarantor Luo Jing was criminally detained by the Shanghai Public Security Bureau Yangpu Branch on June 20, 2019. Further investigation is required.
Yunnan Trust has also issued a supply chain financing trust project involving subsidiaries of Luo Jing as the actual controller. The company has taken the following measures:
First, in the first time after learning that Luo Jing was under criminal detention, he initiated relevant emergency measures and set up a special emergency work team.
Second, on July 5, the company released a temporary information disclosure report on the company's official website.
Third, at present, both civil and criminal measures have been taken to protect the rights and interests of investors, including the establishment of enforcement procedures by the notary office and professional lawyers, and the payment obligations of the financiers and guarantors; and reporting to the local public security organs in Kunming. The assistance of the public security department.
Fourth, issue a lawyer's letter requesting the payer to fulfill the payment obligation in accordance with the agreement; fifth, report to the regulatory authorities.
Yunnan International Trust said that it will continue to pay close attention to the investigation progress of the public security department, maintain communication with the public security department, and actively seek various measures including judicial means to ensure the security of trust property. Further information will follow up and information will be disclosed in a timely manner.
Jingdong and Suning both denied
Yunyong No. 1 product data of Yunnan Trust shows that Guangzhou Chengxing was established on August 23, 2006. The legal representative Luo Jing has a registered capital of 200 million yuan. Guangzhou Chengxing partners include enterprise customers such as Suning Yunshang and Jingdong.
As of the end of 2017, the balance of accounts receivable of e-commerce leaders (including but not limited to Suning, Jingdong, etc.) was 7.48 billion yuan, accounting for 70.62% of total assets, of which Suning accounted for 71.33% and Jingdong World Trade reached 23.52%. The ratio has reached 94.85% of the total accounts receivable, and the account period is basically within one year.xx