On April 16, china " the 4th pail of oil " light collects oil to release announcement to say, because be ruled to go bankrupt by Hong Kong high court, xue Guanglin of chairman of company board of directors " must leave one's post appear on the market in Hong Kong company light collects oil (00933, HK) all posts.
Him Xue Guanglin is Hong Kong dweller, according to Hong Kong law, if be ruled to go bankrupt, mean him to cannot continue to hold the position of company management layer and cannot leave a country, till expire after 4 years. Of course, after 4 years, his debt is OK also cancel totally.
Nevertheless, company announcement expresses, xue Guanglin plans to make put forward to appeal to going bankrupt, seek new commission to be company director.
Home of 19 billion body clears to assure because of doing an individual only overnight
The adjudication writ of Hong Kong high court showed the basis on April 11, light collects oil Singapore the oil that wholy-owned subsidiary bought 30.25 million dollar to Vietnam country Petroleum Company tastes goods, the agreement paid on April 23, 2018, but did not pay on schedule, after this for many times exceed the time limit.
Later, xue Guanglin collects petrolic to control a person as light, assure to collect oil to make solely with individual name. But after debt exceed the time limit, xue Guanglin did not put forward defer the application of the statutory requirement that chase after debt.
Final, vietnam country Petroleum Company evens more because of collecting oil to fail to repay solely the debt of 30 million dollar, application is liquidated to collecting oil to go bankrupt solely.
Hong Kong tall courtyard thinks, in at present the state falls, no matter be to collect oil solely,wholy-owned subsidiary assembles oil Singapore company solely, still be him Xue Guanglin, cannot repay inside formulary time debt of exceed the time limit, afore-mentioned debt not experience controversy sex, and the capacity that assembles oil not to have Wu of countervail repay a debt solely. Because tall courtyard of this Hong Kong rules,Xue Guanglin goes bankrupt.
The Xue smooth Lin Shiguang that is 52 years old collects petrolic father, ever ranked with the fortune with 8.88 billion yuan 2012 Forbes in sheet of Chinese plute a list of names posted up the 59th. Mixed 2014 2015, before he enters sheet of this a list of names posted up again 100, part with 14.08 billion yuan, 19.05 billion yuan fortune, the row mixes the 51st the 57th times.
Build up a family fortune of the oil in leaning " the 4th pail of oil " be in debt nowadays exceed 20 billion
According to message of in the bookshops, make this oil later gigantic truly child gain the business of the first pail of gold is very popular at that time electron product actually- - BP machine () of machine of notify sb of a phone call, this makes he accumulated adequate poineering capital.
1998, in what experience oil industry after concussion period, the petrolic in built oil depot investing to enter before light collects oil eye shot, also gave him associate with " influential officials " opportunity.
According to money new network is opposite in Xue Guanglin's special interview, when Xue Ceng recalls this matter, mention, "The price that I hire them is far under market price. "The price that I hire them is far under market price..
With in oil becomes commercial partner, light collects oil not only survive other person of the same trade suffers shuffled destiny, won approval of customs total office 2006 instead, in becoming the company that home has the oil that keep tax 5 times to manage license plate exclusive importer of a civilian battalion.
In developing later, the development that assembles oil group solely lets a successor cannot look at its a person's back - -- in domestic accumulative total investment exceeds many yuan of 580 RMB, accumulative total creates taxation to exceed billions of yuan for the society, have include dock of oil gas cropland, tanker, oil depot, international trade and sea to offer up a sacrifice the fluctuation such as oil swims unifinication business system and industrial catenary.
Except oil refining, light collects what oil falls through the banner to appear on the market with blame appear on the market company, already stretched antenna the almost all sphere to oil facilities. Can say, light collects oil to already became the global energy resources that compares a shoulder with tycoon of 3 old state-owned oil and magnate of the shipping that cross a state company, so-called " the 4th pail of oil of Chinese " .
In such apace dilate, capital catenary becomes his " painful medium painful " .
2016, the newspaper in collecting petrolic solely shows, light collects petrolic finance state has worsened somewhat, bank balance and cash drop significantly 90% , by 4.471 billion drop to 446 million HK dollar; On the other hand, flow is indebted medium bank etc is leasehold increase 55.2% to 7.545 billion HK dollar. Affirm the cost of goods in stock that is defray, also promote 45.3% to twenty-nine billion and ninety-two million HK dollar.
The metaphase money cable that assembles oil to was released external for the last time in March 2017 solely says, up to by December 2016, the company always is in debt twenty-one billion eight hundred and seventy-five million HK dollar, among them bank debt twelve billion nine hundred and fifty-five million HK dollar.
Light collects oil equity to suffer the auction stops a card more than one year still cannot answer card
From 2018 second half of the year rises, the information that collects oil to want to go bankrupt solely is incessant Yu Er.
According to Reuter report, in November 2018, because of not countervail debt expires, assemble oil Singapore company solely cheer boat fleet by distrain.
Be in together in November 2018, because involve with the dispute of 338 million loan between restful bank, numerous bank of the Hai Wei before the Shenzhen that collects oil hold solely (next weighing small numerous bank) 12.6 million equity is enforced to auction, valence is patted to be 441 million yuan since. But subsequently this auction activity cancels as a result of sealed reason.
As a result of defer print hair outstanding achievement reported 2017 (came on July 1, 2016 on June 30, 2017) , the stockjobbing that collects oil to reach place in harbor solely is suspended at rising on October 3, 2017 up to now.
Before stopping a card, share price newspaper receives 1.5 HK dollar, total market prise 15.3 billion HK dollar, be apart from the highest peak 2015 to drop went 71% .
In Feburary 2019, light collects oil to release outstanding achievement premonitory say, anticipate up to stopped on December 31, 2018 of 6 months without examine and verify integrated loss amount is about 452 million HK dollar, but still undertake adjustment likely in prospective audit. The bank that the reason of deficit basically reachs the maritime business that offer oil as a result of international trade hands in easy credit to be tightened up to bring send ITB business to trade decrease reach freight cost rate is low confuse the profit margin that affected shipping Wu. Although upriver business share lasts gain, but the overall wool interest rate of the group fails enough the fixed fee that pays place generation, include the depreciation of the group, financing and other business charge, form deficit.
But as a result of 2017 year outstanding achievement, metaphase outstanding achievement was reached 2018 2018 year outstanding achievement have not print hair, predict up to stopped on December 31, 2018 the outstanding achievement print of 6 months is sent will defer.
Also because 2017, outstanding achievement still was sent for print 2018, hong Kong couplet hands in place to continue to ask the company stops a card.
Case ever was gotten in predicament card and in the sea is aided financially oilily
In July 2018, light collects oil to release announcement to say, to optimize the equity of the group and capital structure, plan to sell boat hill dock and 15 large tanker. But after 4 months, light collected oil and housing card to sign chartering agreement, stopped these 14 tanker sell.
By 2018, sea oily Ceng Gao moves debt of rush to the rescue to recombine medium light to collect oil in. Light collects oil announcement to show, sea oil leaves two companies through the banner in, the financing that offers amount to amount to 700 million dollar for project of former oil field of pasture of Cao the wife of a prince plans with mat endowment.
According to the report, there is the personage inside course of study to think before this, because develop to be mixed more quickly layout of domestic and international much ground, light collects oil capital catenary to be critical, the 700 million dollar of sea oil is in on certain level slow problem of its capital insecurity.
Public data shows, up to by 2017, collect oil to part in Shenzhen, Zhou Shan, Dalian solely investment built 3 large oil store movement base, total storage capacity amounts to 12 million stere; Have a total transport power to amount to 3 million carring capacity ton ocean tanker fleet; Two are had to produce per year natural gas in Xinjiang the natural gas field of 2 billion stere, two reserves are had to exceed 130 million in pasture of the wife of a prince of Cao of Bohai Sea bay bucket, produce per year crude oil rights and interests of 6 million pails area of maritime oil field.
As oil price stop drop pick up, the light with position long already advanced position collects oil to greet the broken bureau of debt crisis very quickly extremely likely!
