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Wanda Real Estate is listed as a deadbeat again, and its chairman is restricted from spending

2024-08-02

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China News Service, August 2: Recently, Wanda Real Estate Group Co., Ltd. was listed as a dishonest executor (deadbeat), and the company and its chairman Qu Xiaodong were issued a new consumption restriction order.

Screenshot of China's Enforcement Information Disclosure Network (the same below)

The China Enforcement Information Disclosure Network shows that the case was filed on February 23, 2024, and the executing court was the People's Court of Songshan District, Chifeng City. Due to violation of the property reporting system, the court listed Wanda Real Estate as a dishonest debtor.

The consumption restriction order of the People's Court of Songshan District, Chifeng City pointed out that the court filed a case on February 23, 2024 for execution of the applicant Zhongzu (Beijing) Formwork Engineering Technology Co., Ltd.'s application for execution of Wanda Real Estate's contract, gratuitous management, and unjust enrichment. Because Wanda Real Estate failed to perform the payment obligations determined by the effective legal documents within the period specified in the execution notice, the court took consumption restriction measures against Wanda Real Estate, restricting the company and its legal representative Qu Xiaodong from engaging in high consumption and consumption behaviors that are not necessary for life and work.

It is worth noting that in July, Wanda Real Estate Group Co., Ltd. was listed as a dishonest debtor (deadbeat) by the Xiangqiao District People's Court of Chaozhou City for failing to pay more than 330,000 yuan in case money, and was restricted from high consumption.

Tianyancha APP shows that Wanda Real Estate was established in 2018 with a registered capital of 4.05 billion yuan. Its business scope includes real estate development and operation, property management, professional construction of building decoration and decoration projects, housing construction projects, sports brokerage, sports event planning, business consulting, and corporate management consulting. Qu Xiaodong is the legal representative and chairman of the company.

According to Tianyan risk information, in addition to the above-mentioned dishonest persons subject to enforcement, Wanda Real Estate Group Co., Ltd. also has multiple persons subject to enforcement, consumption restriction orders, final cases and equity freeze information. (China News Service APP)