Facing multiple lawsuits, Furen Pharmaceuticals has $3.8 billion in overdue debt.

Zhengzhou Chinese Academy of Sciences in the execution of the application for the execution of the person's goods trading and the executed person Furen Pharmaceutical Group Co., Ltd., Furen Pharmaceutical Group Pharmaceutical Co., Ltd., Henan Province Songhe Liquor Co., Ltd., Wei Qingming, Zhu Wenchen loan contract dispute case, the litigation process in the case with (2019) Yu 01 bail 261 executive order, frozen the executed person Furen Group (securities account number: B881047504) held by the company limited circulation.
Zhengzhou Central Court, in accordance with Article 247 of the Civil Procedure Law of the People's Republic of China, Article 493 of the Interpretation of the Supreme People's Court on the Application of the Civil Procedure Law of the People's Republic of China, and Articles 23 and 29 of the Provisions of the Supreme People's Court on the Auction and Sale of Property in the Civil Enforcement of the People's Court, adjudicates the auction or sale of a company held by the Furen Group, the executed person. 14.4 million shares (2.30% of the total number of shares of the company, accounting for 5.37% of the total number of shares held by Furen Group) restricted the sale of shares in circulation and interest, on May 18, 2020 through Taobao judicial auction network platform auction of the company held by the executive Furen Group 14.4 million shares of restricted shares and interest.
May 19, 2020, the buyer, Henan Po Products Trading Co., Ltd., won the auction bid.
said the completion of the equity transfer will not lead to changes in the company's controlling shareholders or actual controllers.
, the overdue debt of the Furen Group is estimated at about 3.845 billion yuan, according to the company's announcement.
due to overdue debt, Furen Group is facing a number of lawsuits involving an amount of about 3.8 billion yuan, the specific amount of which needs to be further verified.
So far, after repaying the amount owed to the controlling shareholders and their related parties, the Company has provided the controlling shareholders and related parties with a loan balance of 16.356250 million yuan, and the Company has provided the controlling shareholders and related parties with a collateral guarantee of 140.00 million yuan, with a guaranteed balance of 59.80 million yuan.
the above-mentioned matters constitute the related party's capital occupation and non-compliance guarantee.
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