Xing Libin related events

20 12, 18 On March 8th, Xing Libin spent 70 million yuan to hold a grand wedding for her daughter at the Ritz-Carlton Sanya, and invited many stars to perform. According to an insider, the total cost of this grand wedding exceeded 70 million yuan. The most professional wedding planning company, Ho's Baihui High-end Wedding Planning Agency, was invited from Beijing to plan, including the Ritz-Carlton, Marriott, Hilton and other top five-star hotels in the world, and three planes were rented to take friends and family to Sanya.

Xing Libin held a star concert specially for her daughter's wedding. The guests at the venue are local and national celebrities and international guests.

It is reported that the concert invited many stars to help out. The performance was hosted by Zhu Jun and Zhou Tao, and stars such as Wang Leehom, Elva Hsiao, Peisi Chen, Zhu Shimao, Feng Gong, Han Hong, Yin Xiumei, Fan Weiqi and Jay Chou appeared.

The man, Li Bo, whose father is a real estate agent in Hunan, and the woman's dowry is six Ferraris.

Xing Libin, the richest man in Shanxi, denied spending "70 million yuan to marry his daughter" in an interview, saying that it was actually co-organized by three events, and * * * spent150,000 yuan. Xing Libin said that Zhu Jun, Zhou Tao, Yan Weiwen and other stars have been his friends for many years. They came to help as friends and didn't want a penny.

According to its introduction, the actual cost including the wedding is not 70 million but 6,543.8+0.5 million, including more than 3 million round-trip air tickets, 2.67 million wedding expenses (the man's expenses), and the rest are the performance expenses and the accommodation and tourism expenses of the participants in Sanya series activities.

"So much money is not the whole cost of the wedding." Xing Libin said that 20 12 is the 10th anniversary of the establishment of Liansheng Group, and plans to hold a series of celebration activities, including organizing employees to travel to Sanya and attending the opening ceremony of the company's real estate project in Sanya.

He said that the so-called star concert was not held for weddings. He has been running Liansheng for ten years and held similar celebrations before.

It is worth noting that in the video about the concert scene circulated before, the background was "Liansheng Sanya", and during the performance, the actors did not mention any words of blessing to the newcomers. According to its statement to other media, some big stars are their friends.

Xing Libin's eldest daughter and the first of his two children, his wife, got married this time. According to local customs, a wedding should be a big event.

The reason why we chose to hold the wedding in Sanya is also related to the transformation and development of Liansheng Group. In September 2007, Xing Libin started his first real estate project in Hainan. This property with a total investment of over1500 million yuan was capped and opened in March 20 12 and 17.

Xing Libin has several properties in Hainan, which have not been confirmed. However, market information shows that a property in Hainan called Wanlian Jinhai opened on March 12, and the average price of this pioneering work of Liansheng Group in Hainan reached 30,000 yuan/square meter.

"The 10th anniversary of the establishment of the company, the opening of the property and the marriage of the daughter are three happy events. Why does the media only talk about weddings? " The Xing family is very puzzled by the statement that the outside world is taken out of context.

As for the dowry of six Ferraris, Xing Libin said, "Only two of the six Ferraris are related to us. My brother has one himself. Considering the child's marriage, my family also pooled their money to buy one as a dowry, and the other four were borrowed wedding cars, which left on the same day. "

A big doubt brought by this luxurious wedding is how Xing Libin bought Liulin Wu Xing Coal Mine for 80 million "cabbage price". Is this suspected of buying state-owned assets at a low price?

At that time, Wu Xing Coal Mine with an annual output of 600,000 tons was the largest state-owned coal mine in Liulin County. In order to increase the added value of coal, the mine had planned to start production adjustment projects such as coal washing plant and coking plant, but it was shelved due to financial problems.

In 2002, the Liulin County Party Committee and the county government, with a fiscal revenue of only 200 million yuan, put forward the policy of "one refund and two replacements" (paid withdrawal of state-owned assets, replacement of property rights and replacement of employee status) in view of the serious losses of state-owned enterprises in the county, and decided to take the reform of state-owned enterprises in the county as a pilot.

According to the evaluation data at that time, Wu Xing coal mine reserves were 84 million tons, with total assets of 26 18 1000 yuan, liabilities of19.35 million yuan, net assets of 68.26 million yuan and asset-liability ratio of 73.9%.

In the public auction, Xing Libin beat his competitors and bought all the state-owned assets of Wu Xing Coal Mine.

Although the capital contribution on the book is 587.49 million yuan, our reporter learned that cash payment only accounts for 80 million yuan, and others include undertaking corporate liabilities193.55 million yuan and paying the resource price of 313.94 million yuan (paid after the resource price was levied in 2005, but not paid at that time).

It was not uncommon for Xing Libin to win the coal mine at a price higher than the current market price. Soon, Xing Libin set out to set up Shanxi Liansheng Energy Group, and acquired 16 pairs of small coal mines in more than one year through merger, shareholding, leasing and contracting.

Regarding the acquisition of cabbage price of 80 million yuan, Xing Libin said, "When the acquisition was unsuccessful, the coal price was more than 100 yuan, and it began to rise after the acquisition. What should I do if coal prices fall? Then I don't have anything? " In Xing Libin's view, his behavior is somewhat gambling. He also said that the relevant departments have investigated the matter and there is no problem.

According to insiders, Xing Libin's purchase of Wu Xing Coal Mine is based on the auction system with the highest price, rather than selling state-owned assets cheaply, which has its special historical reasons. However, the experience of coal mine reform in this place was popular in Shanxi for some time until the coal reform began. The local tycoon who used to be the richest man in Shanxi Province runs Liansheng Group, the largest private coal energy group in Shanxi Province. In March, it gradually appeared in public view because of being involved in the "70 million married women" storm, and "showing off wealth" and "extravagance" became the most direct cognition of the outside world.

Just one year later, Du Gong, director of the Coal Industry Bureau of Liulin County, Shanxi Province, the birthplace of Liansheng Group, told the media that among the many coal enterprises in Liulin, Liansheng Group had the worst time, and even bluntly said that "from July of 20 1 1 year, wages were in arrears, and the current wages were only paid to July of 20 12".

Although there is no obvious indication that Liansheng Group has liquidity problems, it is an indisputable fact that it uses extremely high leverage to maintain the capital demand for mergers and acquisitions and daily operations. As a local industry leader, Liansheng Group is also a frequent visitor of many financial institutions. In addition to the large amount of loans provided by CDB, the list of commercial banks and rural credit cooperatives that provide financing for them is even longer. In addition, Liansheng Group is also good at trust financing, and at least five trust companies, including China Investment Trust and Jilin Trust, have had in-depth cooperation with it.

However, according to financial sources close to Liansheng Group, the group's debt ratio has approached 100%. The 654.38 billion project originally planned to cooperate with Ping An Trust is also in danger of stillbirth.