Related events in Xing Libin

On March 18th, 212, Xing Libin spent 7 million yuan to hold a big 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 7 million yuan, and it cost tens of millions of yuan to invite the most professional wedding planning company, Ho's Baihui High-end Wedding Planning Agency, from Beijing to plan, including the Ritz-Carlton, Marriott, Hilton and other top five-star hotels in the world, and also rented three planes to take friends and relatives to Sanya.

Xing Libin held a star concert specially for her daughter's wedding. The guests at the venue were all famous people from Shanxi and the whole country, as well as international guests.

It is reported that many stars were invited to help out at the concert. Zhu Jun and Zhou Tao hosted the performance, while Wang Leehom, Elva Hsiao, Peisi Chen, Zhu Shimao, Feng Gong, Han Hong, Yin Xiumei, Fan Weiqi, Jay Chou and others 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 "7 million to marry a daughter" in an interview, saying that it was actually a joint event of three events, and it cost 15 million yuan. Xing Libin said that Zhu Jun, Zhou Tao, Yan Weiwen and other stars are his friends for many years, and they came to help as friends, without asking for a penny.

according to its introduction, the actual expenses including the wedding are not 7 million, but 15 million, including more than 3 million round-trip air tickets, 2.67 million for the wedding (the man's expenses), and the rest are the performance expenses and the accommodation and tourism expenses of the people who participated in the Sanya series of activities.

"So much money is not all for the wedding." Xing Libin said that 212 marks the 1th 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 Stars Concert was not held for weddings, and he had been in Lian Sheng for ten years, and similar celebrations had been held 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 new couple. According to its statement to other media, some big stars are their friends.

Xing Libin's eldest daughter got married this time, and she was the first of her two children with her wife. According to local customs, the wedding should be grand.

The reason why we chose to hold the wedding in Sanya is also related to the transformation and development of Liansheng Group. In September 27, Xing Libin started his first real estate project in Hainan. This real estate with a total investment of more than 1.5 billion yuan was capped and opened on March 17, 212.

It has not been confirmed that Xing Libin has several properties in Hainan. However, market information shows that a property named Wanlian Jinhai was opened in Hainan on March 17th, 212, and the average price of this pioneering work of Liansheng Group in Hainan reached 3, yuan/square meter.

"The 1th anniversary of the establishment of the company, the opening of the property and the marriage of my daughter are three happy events. Why do the media only talk about the wedding?" For the outside world out of context, the Xing family said it was very puzzling.

As for the dowry of six Ferraris, Xing Libin said, "Only two of the six Ferraris have something to do with us. My brother has one of his own. Considering the children's marriage, my family also pooled their money to buy one as a dowry, and the other four were borrowed as wedding cars, and they drove away the same day."

One of the big doubts brought about by this luxurious wedding is how Xing Libin bought Xingwu Coal Mine in Liulin at a price of 8 million "cabbage price". Is this suspected of buying state-owned assets at a low price?

At that time, Xingwu Coal Mine with an annual production capacity of 6, tons was the largest state-owned mine in Liulin County. In order to increase the added value of coal, the mine had planned to launch coal washing plant, coking plant and other production adjustment projects, but they were shelved due to financial problems.

in p>22, the county party Committee and government of Liulin, with a fiscal revenue of only 2 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 Xingwu Coal Mine as a pilot to reform the state-owned enterprises in the county.

according to the evaluation data at that time, Xingwu Coal Mine has a reserve of 84 million tons, total assets of 261.81 million yuan, liabilities of 193.55 million yuan, net assets of 68.26 million yuan and asset-liability ratio of 73.9%.

at the public auction, Xing Libin beat his competitors to buy out all the state-owned assets of Xingwu Coal Mine.

although the capital contribution in the book is 587.49 million yuan, our reporter learned that cash payment only accounts for 8 million yuan, and others include undertaking corporate liabilities of 193.55 million yuan and paying the resource price of 313.94 million yuan (paid after the resource price was levied in 25, not paid at that time).

it is not uncommon for Xing Libin to win coal mines at a higher price 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 purchase of 8 million yuan for cabbage prices, Xing Libin said, "When the purchase is booming, the coal price is more than 1 yuan, and it starts to rise after the purchase. What if the coal price falls? Then I won't lose everything? " In Xing Libin's view, his actions are somewhat gambling. He also said that the relevant departments have investigated the matter and there is no problem.

According to insiders, Xing Libin bought Xingwu Coal Mine, and the auction system adopted by the highest bidder didn't sell state-owned assets cheaply, which had its special historical reasons. However, the experience of restructuring this local coal mine prevailed in Shanxi for a while until the beginning of coal reform. The local tycoon who was once the richest man in Shanxi Province operated Liansheng Group, the largest private coal energy group in Shanxi Province. In March, he gradually appeared in the public eye because of being involved in the "7 million married women" storm, and "showing off wealth" and "extravagance" became the most direct cognition of the outside world.

Just one year later, Du Yanbin, director of the Coal Industry Bureau of Liulin County, Shanxi Province, where Liansheng Group made its fortune, publicly told the media that among many coal enterprises in Liulin, Liansheng Group had the worst time, and even bluntly said, "It started to owe wages in July 211, and the current wages are only paid in July 212."

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. Apart from CDB providing large loans, the list of commercial banks and rural credit cooperatives providing financing for it is even more lengthy. In addition, Liansheng Group is also good at trust financing, including at least five trust companies, including CIC Trust and Jilin Trust, which have had in-depth cooperation with it.

However, according to financial sources close to Liansheng Group, the group's debt ratio has approached 1%. The 1 billion project that it originally planned to cooperate with Ping An Trust is now in danger of stillbirth.