Recently, a "Shandong morning light group" has applied for bankruptcy. 40 billion privatized enterprises fall down! Chairman rebuked: banks from industrial “ blood ” serious! The news detonated the chemical industry. Shandong morning sun group, a star enterprise in the refining and chemical industry, has now returned to public view in this way.
Recently, Shandong province's first financial media "economic news report" published reports, Shandong Tai'an's large private enterprise of red star group fell into a financial dilemma, since last year, many courts have been listed as dishonest people!
A hundred strong folk enterprises in Shandong
The holding person was the richest man in Tai'an
The main business of Red Star Group is urea and other chemical products. It is a comprehensive and large-scale chemical manufacturing enterprise, which is mainly composed of coal chemical industry, fine chemical industry, thermal energy generation and equipment manufacturing. The public data show that the group produces 1 million 200 thousand tons of urea, 8000 tons of stearic acid, 800 tons of glycerol, 50 thousand tons of methanol, 30 thousand tons of lolostine, 200 thousand tons of corn starch, 50 thousand tons of glucose and derivatives. It also covers many fields such as grain storage and processing, land transfer, financial services, R & D, and international trade.
Among the top 100 private enterprises in Shandong in 2018, the group ranked 87 in the top ranks of Tai'an's private enterprises, and ranked 91 in the top 100 of China's petroleum and chemical industry in 2017, which was published by the China Petroleum and Chemical Industry Federation last year. Its holding person Meng Guangyin, according to "Shandong business daily" published by the "Shandong rich list" shows that Meng Guangyin in 2014 and 2016, respectively, with 3 billion 681 million yuan and 6 billion 90 million yuan of wealth, ranked ninety-sixth and 69 in the list, Tai'an “ the richest man ”

Rising star group was founded in 1973 in Dongping County chemical fertilizer plant. Meng Guangyin started from the technician of Dongping chemical fertilizer plant. In 2003, the rising star group was on the verge of bankruptcy and was reformed. At present, the registered capital of rising star group is 1 billion 382 million yuan, and Meng Guang Yin shares 45.85%, and has jumped to “ Tai'an's richest man &rdquo.
Be entangled in a lawsuit
Hong Kong shares “ a backdoor ” can it ease financial pressure
According to reports, Red Star Group has been listed as a dishonest person by a number of courts, and the company's run silver chemical company has also been using hundreds of millions of yuan to raise funds. Last year, the CSRC adopted the regulatory measures. Since 2016, because of the failure to fulfill the debt to Shandong province financing Company limited by guarantee and the Tai'an branch of industrial and Commercial Bank of China, the Red Star Group has been listed as the executor of the lost faith in the court of the Ji'nan calendar and the central court of Tai'an. At the same time, according to the announcement of information by the sky eye, since July 2017, the accumulative amount of the Red Star Group has exceeded two hundred million yuan. The Executive Court has the third central court of Beijing, the high court of Shandong province and the Tai'an middle court.

As the highest quality enterprise under the group, the Limited by Share Ltd of Shandong moisten silver biology and chemical industry in the past year has been listed as the lost person by the Tiexi District Court of Shenyang, the people's Court of Qufu, the central court of Ji'nan, and the people's Court of Linshu. In 2013, it tried to borrow from the shell, but the restructuring was strongly opposed by the colleague Luxi Chemical. It publicly accused the restructuring of the counterfeit content of the draft, the large gap in asset valuation premium and the sale of assets, and the end of the year.
In 2017, Meng Guangyin bought Hong Kong listed companies, famous watch seller Dida international, and renamed it as an international holding. The original executive director, he shigu holdings, Shenzhen Fu 1, participated in the preparatory work of the capital town of Dongping County, Tai'an.
In February 2018, Fu Yi International Holding announcement will set foot in the chemical fertilizer business, namely, the main business of the rising group through the establishment of a new company. In May 31st, FV International Holdings announced that it would issue 80 million yuan convertible notes on the basis of the interest rate of 0.80%. The bill was paid quarterly to increase operating funds to meet the financial requirements for the sale of chemical fertilizer raw materials and related chemical fertilizer products and public consumption products.