Li Wei's subsidiary

Among the enterprises related to the Li Wei case disclosed at present, Qingdao Zhong Yi and Qingdao Urban Construction are the flagship enterprises of Qingdao real estate industry. Ocean Real Estate listed in Hong Kong acquired 0/00% equity of Zhong Yi Real Estate at a price of 210.50 billion yuan. It is reported that Zhong Yi is only one of the core roles of Taishan real estate transaction in Li Wei case. Taishan Real Estate was established in July, 1992, formerly known as Qingdao Wanshan Real Estate Development Co., Ltd. In June, 1993, the company was renamed Qingdao Taishan Real Estate Development Co., Ltd., and in June, 2000, the company was changed to China Petrochemical Shandong Taishan Petroleum Co., Ltd. and became a subsidiary of China Petrochemical.

However, on June 14, 2004, Taishan Petroleum withdrew from Taishan Real Estate, and Capital Investment (Qingdao) Co., Ltd. (hereinafter referred to as Capital Qingdao) took over all 75% equity held by Taishan Petroleum at the transfer price of1233,599,900 yuan, while another shareholder, Hong Kong Taiqing Investment Co., Ltd., simply transferred its 25% equity to NC International Co., Ltd. for free. Among them, the actual controllers of Qingdao Capital and NC International Co., Ltd. are both Li Wei, and it is Chen Tonghai who instructed Taishan Petroleum to sell Taishan Real Estate. Just over a month later, on July 29th, 2004, Qingdao Capital transferred 75% equity of Taishan Real Estate to Qingdao hong kong gold coast hotel Co., Ltd., and the transfer price was as high as 325.5 million yuan. Created a precedent for Qingdao to advance and retreat, with a net profit of more than 200 million yuan. The actual shareholder of Gold Coast is Qingdao Zhong Yi.

According to Qingdao real estate related sources, before the Du Shicheng case, Zhong Yi real estate was actually controlled by Du Shicheng. This time, the chairman of Zhong Yi Nippon Investment is Du Xishan, a relative of Du Shicheng. Li Wei easily moved Taishan Real Estate between Chen Tonghai and Du Shicheng, making a profit of 200 million yuan.