Recently, the information about the defendant of the old brand Mount Taishan Tire was found again on the public platform. The plaintiff, Industrial and Commercial Bank of China Limited Feicheng Sub branch, sued Shandong Luzhong Energy Group Co., Ltd., Shandong Xinchazhuang Mining Co., Ltd. and Shandong Mount Taishan Tire Co., Ltd.
The cause of this incident can also be traced back to October 16, 2020, when the defendant Xinchazhuang Company (borrower) and the plaintiff (lender) signed a contract to borrow 17000000 yuan from the plaintiff, with a loan term until October 14, 2021. If the borrower fails to repay the loan as agreed upon (including being declared immediately due), the lender has the right to charge penalty interest at the overdue penalty interest rate agreed upon in this contract from the date of overdue. In this loan contract, Shandong Luzhong Energy Group Co., Ltd. and Mount Taishan Tire Co., Ltd. are jointly and severally liable. Both Chazhuang Company and Shandong Luzhong Energy Group have stated that the loan and guarantee are true, but currently the funds are tight and unable to repay. The defendant Mount Taishan Tire did not reply.
Mount Taishan Tire is an old brand enterprise in the tire circle. The company was founded in 1970 and restructured into a private enterprise in 2002. The company has a registered capital of 50 million yuan and mainly produces four series of products, including automotive tires, agricultural tires, engineering machinery tires, and special tires. Its annual production capacity is 2.6 million sets. Our products are sold to 29 provinces, cities, and autonomous regions nationwide, and exported to over 30 countries and regions. According to past information, the number of employees insured by this old tire factory has been decreasing year by year for more than two years, each of which indicates the end of the old tire factory's life.
In the past few years, Mount Taishan Tire has been involved in 248 legal proceedings, most of which are in the dock. Deposits, bonds, stocks, fund shares and other assets have been frozen and transferred for many times. I have also stood in the defendant's seat multiple times due to mutual protection of the internet, and insiders have also revealed that the company has been exhausted by mutual protection of the internet. At present, 52 consumption restriction orders have been issued, and 130 individuals have been executed in history. They have also auctioned off their equity holdings, but it can only be a drop in the bucket.
Previously, many companies enjoyed dividends through mutual protection of the internet; But when the economic situation changes, the good brothers who used to share weal and woe quickly run away. If a company defaults on its debts, it will implicate all the companies in the guarantee circle, which is like a grasshopper on a rope. But who will pay for this unfounded debt? So there is still a phenomenon in the guarantee circle where "whoever keeps his word will suffer", which has brought bad luck to honest people.
The owner of a certain tire company reported that he participated in a mutual protection circle with a total of 4 owners, 3 of whom ran away, leaving him alone. These people who didn't run away persisted, but had to bear all the debts on their own. On the contrary, those who ran away were all enjoying themselves, which is a problem faced by many tire companies in Shandong that are on the brink of bankruptcy.
To this day, this time-honored tire enterprise, which has developed for over 50 years, has nearly 1 billion assets, and employs over a thousand employees, has only a shell left; The former Top 75 has lost its name. Today, when giants are developing crazily and homogenization will be eliminated, there is not much time left for Mount Taishan Tire.
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