Shanghai Yiqian Trading Company

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The Shanghai Yiqian Trading Company (SYT; Chinese  上海益謙貿易公司 ) is a Chinese company alleged location in the district of Zhabei from Shanghai , China . According to the commercial register, the company is supposed to have its headquarters in a 21-story business tower on Pingxingguan Road . At the beginning of June 2016, the previously unknown company appeared by name for the first time as the new owner of Frankfurt-Hahn Airport . The Shanghai Guo Qing Investment Company is the main shareholder of SYT, and its legal representative Zhu Qing is the main shareholder of the Shanghai Yiqian Trading Company. So far, SYT has appeared as an intermediary for the construction industry and retail trade.

The company structure is in the dark. According to research of the evening news - correspondent Sebastian Hesse ( MDR ), which in June 2016 in the district of Zhabei were carried out, the SYT has but one entry in the commercial register no more noticeable public image. There is no reference to the company either in official address directories or at the postal address in Zhabei, for example on company signs. The extract from the commercial register only shows the company name and postal address. The presence consists of a single, simple office with around six employees.

Nothing is learned about the Shanghai Guo Qing Investment Company , whose legal representative is the main shareholder of SYT, Zhu Qing. SYT stated that the Shanghai Guo Qing Investment Company's business areas are real estate investments, capital management, logistics and the sale of construction machinery. The address of this company is also a mystery. The Shanghai Guo Qing Investment Company only has a tire trade . The owner of the business stated that he had been contacted by cheated investors from the investment company and that they were looking for the Guo Qing Investment Company .

An investment company called Shanghai Yiqian Trading Company is also unknown to German experts who know the business world in Shanghai well and who, among other things, evaluate Chinese companies for German investors .

Acquisition of Hahn Airport

The Frankfurt-Hahn Airport is a 1993 from US military use of converted civilian airport in Rhineland-Palatinate . However, the "job engine of the region" (self-promotion) worked in deficit from the beginning in 1998, despite initially different assumptions. In view of the 132.8 million euro debt burden (2014), the state of Rhineland-Palatinate initiated the sale in 2015 and was looking for a new operator. After a tender by the state of Rhineland-Palatinate, the until then completely unknown company Shanghai Yiqian Trading Company was awarded the contract to purchase Hahn Airport in early June 2016 . Partner Kyle Wang told the FAZ that he saw great potential in the airport for passengers from Asia and company jets. An amber dealer from Idar-Oberstein was the official signatory of the purchase contract for Hahn Airport as the German representative of the Chinese buyer. A lower double-digit million amount was named as the purchase price. The Shanghai Guo Qing Investment Company was also mentioned at a press conference . It is a large construction company and the investor behind SYT. The companies mentioned are audited by the management consultancy KPMG . According to the business plan presented, the buyer wanted to build a second runway, a retirement home and a luxury hotel on the site and put the Hunsrück Railway back into operation. The validity of the sale is dependent on several conditions, including the approval of the Rhineland-Palatinate state parliament.

A few hours after the SWR research became known, which raised doubts about the seriousness of the airport buyer, the Interior Minister of Rhineland-Palatinate, Roger Lewentz , announced at a press conference that the sale had been stopped because SYT was in arrears with a partial payment. As a result, the State Secretary in the Ministry of the Interior, Randolf Stich , traveled to China to find out more about the buyer. His findings led to the state government announcing that it would finally stop the sale to the SYT. The suspicion arose that falsified documents were presented in the tender.

The Rhineland-Palatinate CDU parliamentary group submitted a motion of no confidence against Prime Minister Malu Dreyer (SPD), which, as expected, was rejected on July 14, 2016 with all votes of the government majority. Dreyer spoke of a "bad mistake" in connection with the sale, but protested against accusations of electoral fraud. Subsequently, the state parliament decided on an expert opinion on the failed Hahn sale. It is to be examined whether the planned sale to SYT complied with the criteria mentioned by the Court of Auditors, which apply to the selection of business partners and how to deal with them. After the failed sale of Hahn Airport in Hunsrück, the state filed a criminal complaint with the General Prosecutor's Office in Koblenz. In August 2018, however, the investigation was closed. An assumed falsification of documents (copies of alleged bank confirmations) could not be proven due to the lack of original documents. Since the country suffered no financial losses apart from notary and expert costs , it decided not to lodge a complaint.

Famous pepole

  • Kyle Wang (partner)
  • Yu Tao Chou (Chief Speaker)
  • Zhu Qing (spokesman for the majority shareholder)

Footnotes

  1. ↑ a b Sebastian Hesse: Phantom buys the airport. June 21, 2016. Retrieved June 21, 2016 .
  2. ↑ nck / rei / dpa-afx: Hahn Airport goes to Shanghai Yiqian Trading Company. In: Manager Magazin . Spiegel Group, June 6, 2016, accessed on June 22, 2016 : "The Shanghai Yiqian Trading Company, which operates in China as a middleman for the construction industry and retail trade and has nothing to do with aviation."
  3. ↑ House visit to the Hahn buyer SWR.de on June 21, 2016
  4. ↑ dpa / mli: Nobody knows who bought Frankfurt-Hahn Airport. In: The world . Verlag Axel Springer , June 7, 2016, accessed on June 22, 2016 : “According to SYT, the business areas of the Shanghai Guo Qing Investment Company behind it include real estate investment, capital management, logistics and the sale of construction machinery. "It is the leading company in domestic construction projects in China."
  5. ↑ Sebastian Hesse, ARD-Studio Shanghai: The savior from China - desperately wanted. In: Tagesschau . June 29, 2016, accessed on June 30, 2016 : “At 319 Minlei Road - at the address entered in the commercial register and also given by the Mainz Ministry of the Interior - there is no" Guo Qing Investment Company ". This information is simply wrong. "
  6. ↑ Announcement from Tagesschau.de of June 21, 2016 (accessed on June 22, 2016)
  7. ↑ Rhineland-Palatinate wants to sell Frankfurt-Hahn Airport , Deutschlandfunk -Länderzeit from February 4, 2015, accessed February 6, 2015
  8. ↑ Hendrik Ankenbrand, Timo Frasch: FAZ exclusive: Only the Chinese still believe in buying the airport . In: Frankfurter Allgemeine Zeitung . June 30, 2016, ISSN  0174-4909 ( faz.net [accessed July 5, 2016]).
  9. ↑ https://www.rlp.de/de/aktuelles/einzelansicht/news/detail/News/kaufvertrag-unterzeich/
  10. ↑ Ingenious vision or megalomaniac utopia ?: The business plan of Hahn investor SYT | Rhineland-Palatinate | News. Accessed July 7, 2016 (German).
  11. ^ Lewentz on negotiations with Hahn buyer: State government examines legal steps (statement in full length) | Rhineland-Palatinate | News. In: swr.online. Accessed June 30, 2016 (German).
  12. ↑ The sale of Frankfurt-Hahn Airport threatens to collapse. airliners.de, June 29, 2016, accessed June 29, 2016 .
  13. ↑ Has the once proud rooster soon crows? volksfreund.de, June 29, 2016, accessed June 30, 2016 .
  14. ↑ Sale of Hahn Airport: Dreyer now also has doubts about SYT | Rhineland-Palatinate | News. Accessed July 7, 2016 (German).
  15. ^ After talks in Shanghai about the airport deal: Hahn sale to SYT before the end | Rhineland-Palatinate | News. Accessed July 7, 2016 (German).
  16. ↑ Landtag of Mainz advises on Hahn Airport - alarm bells went unheard. Retrieved July 7, 2016 .
  17. ↑ State Parliament fends off no-confidence motion against Dreyer Der Spiegel from July 14, 2016, accessed on July 17, 2016
  18. ↑ Public prosecutor's office responsible for charges against Hahn buyers Die Welt from July 15, 2016, accessed on July 17, 2016
  19. ↑ Investigations into failed Hahn sale suspended SWR Aktuell from August 31, 2018