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Suhai bank, fukuzhou, sued tae-won for over $1. 9 billion

2026-05-13 09:18800NameNetworking

The first trial of the financial borrowing dispute between the fuzhou branch of bank suhai and the new coast tourism development co. Ltd. Of fuzhou (hereinafter referred to as “new coast tourism”) and taehu group inc. (hereinafter referred to as “taiwo group”) is about to begin, in an amount of approximately 1,943 million yuan。

There's been a sharp fall in the gulf of taehu

The details of this financial borrowing dispute were disclosed in a communiqué issued by the real estate company taewo group on the evening of 11 march (hereinafter “the bulletin”). On 14 march 2018, the shanghai bank and new coast tourism limited fixed assets loan contract agreed that the bank would lend $1. 6 billion to new coast tourism for construction work in progress from 14 march 2018 to 13 march 2021; on the same day, the taihu group and the suhai bank limited guarantee agreement agreed to provide joint and several guarantees of liability for the debt in question; and the defendant, huangjiseng, yepei and saihai bank, entered into a guarantee agreement for joint and several guarantees of liability for the debt in question. As the new coast tourist did not repay the loan interest in full and on time, banco sanhai filed a lawsuit。

There's been a sharp fall in the gulf of taehu

According to the bulletin, bank suhai requested a total of approximately rmb 1,943 million (including attorney's fees, litigation fees) for repayment of the principal and interest on borrowings and other charges for travel to the new coast; a request for an award of the price of the discount on construction in progress and land use, auction or sale, giving priority to all claims confirmed in the present case; and a joint and several settlement of the liability of taewo group, huang qi sen and yen。

Skywatch shows that new coast tourism and taehu are also members of taehu investment group. According to the network of officials of the taehu investment group, the taehu investment group was founded by huang chissen and was once listed under its banner. On 28 july 2023, the taewo group received the shenzhen stock exchange's decision concerning the cessation of the list of shares of taewo group s. A. Ltd. (substantial evidence) 668), the shenzhen stock exchange decided to terminate the listing of company shares. On 11 august 2023, taewo group announced that it had removed and terminated listings at the shenzhen stock exchange on 4 august 2023 and would be admitted to the national system for the transfer of shares of small and medium-sized enterprises (sme) limited liability company, which had been set up under the system of transfer of shares of the former securities company and had been listed on behalf of the two-networked and de-marketed companies。

There's been a sharp fall in the gulf of taehu

It was founded in december 2005 with its headquarters in tianjin and listed on the main board of hong kong union in july 2020. In the third quarter of 2023, the report on disclosure of information by banque du hae revealed that during the first three quarters of 2023, banque du hae achieved a net profit of $4,997 million. At the end of june 2023, the bank's assets totalled $169. 058 billion, with a non-performing loan rate of 1. 84 per cent and a provision of 144. 42 per cent。

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