Chaori Sun was bank loaned 1 billion

At noon on the 28th, 21st Century Net made contact with Ni Kailu, Chairman of Chaori Sun in the United States. On the phone, Ni Kailu told reporters that he had arrived in the United States yesterday to deal with his personal investment projects in the United States and the power station of Chaori Sun in the United States. business. He had been in Europe two days ago and he also sought a buyer for the power plant project in Italy for Super Solar and had reached a preliminary agreement with the intended buyer. After he ended his trip to the United States, he will return to Europe and return to Shanghai in mid-January.

Draw 1 billion from banks to sell power stations

At present, the financial crisis of Chaori Sun itself has gradually revealed, and its receivables turnover days have risen sharply, and accounts receivable have risen sharply, which has led to extremely tight funding chains.

Ni Kailu also confirmed to reporters that this year's major lending banks to ultra-day loans to scale up to 1 billion yuan, is the main reason for the company into trouble, the drawer is the main 3-4 creditor banks.

"At the beginning of last year, banks were all lining up to send loans to me. As a result, I built a lot of new projects. Nowadays, suddenly drawing money is surprising. This kind of one-on-one policy is to the company's death." Ni Kailuo said.

On December 19, Premier Wen Jiabao chaired an executive meeting of the State Council to study and determine the policies and measures to promote the healthy development of the photovoltaic industry. This move was considered by many people in the industry to be a positive signal to banks and may allow banks to re-open their lending to photovoltaic companies.

Ni Kailu sighed with reporters that the news was too late for them. “The Prime Minister did not hold the meeting to propose a supportive policy for PV companies because he saw the seriousness of the loans to companies like us.” Ni Kailuo said.

Ni Kailu said that after being loaned by the bank, he had repeatedly asked for assistance from the local government. However, the Shanghai government’s efforts to rescue enterprises cannot be compared with local governments such as Jiangsu and Hebei, so the government has coordinated the bank’s withdrawal of loans. Hope to finally fall.

At present, the fastest way to solve the company’s financial problems is to sell the power plant projects that Chaori Sun has built.

Ni Kailu told reporters that the power plant he was preparing to sell was a 23MW power plant project in Italy. The project has been put into operation. Another 18.5MW power plant project in the United States has also been connected to the grid. Both projects have already obtained initial contact with the acquirer.

An industry analyst told reporters that the prices of the two projects were calculated at the current market price of US$2.3/w, which is about 100 million US dollars.

As for the current severe trust repayment problem, Ni Kailu said that he is actively communicating with the trust institutions. The preliminary agreement reached with the trust institution yesterday was that the trust institution temporarily suspended its plan to sell its shares.

"This is beneficial to both parties." Su Weili explained to reporters. He believes that the trust institutions should not choose to sell Ni Kailu’s pledged equity in consideration of performance assessment and retention of licenses.

Ni Kailu himself also responded by saying that he is actively handling his personal projects. He is frank and the main reason why he has stepped into trust pressure step by step is the continuous decline of photovoltaic stocks this year. "40% of the equity is used to make up the position." Ni Kailu told the 21st Century Network.

For the purpose of trust funds, Ni Kailu also gave his first response. He said that of the 800 million yuan in trust financing, about 200 million yuan is used for the turnover of Chaori Sun and the other 600 million is used for personal projects.

Give up the post of general manager and be held by her son-in-law

The day before, Sun Weili’s fourth-largest shareholder, Su Weili, told reporters that the main reason for Ni Qilu’s visit was that he had made mistakes in his personal project investment, resulting in a crisis in the trust he used to mortgage all Chaoyue Sun’s equity, and that she needed to go to Europe. And the United States to solve its debt problems, its personal investment projects include real estate projects in Henan, a water plant in the United States, an oil refinery in Bulgaria and an LED sapphire substrate project.

Su Weili said in an interview with reporters on the 28th that personal financial issues are the key to the present.

Ni Kailu responded that due to the problem of individual project investment, it did raise funds between the team and friends, totaling around 20 million yuan. This part of the debt is currently being processed.

At the moment, he himself has also confirmed that he resigned from the position of general manager of Chaori Sun. The position of the general manager is currently held by his son-in-law and the female name is Zhang Yuxin.