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the conflict with investor zheng gang escalates. luo yonghao: "zheng gang's money will be returned in the end"

2024-09-09

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according to the red star capital bureau on september 6, recently, zheng gang, partner of zihui venture capital and investor of smartisan technology, posted multiple updates on weibo, responding to recent public opinion controversies and blasting luo yonghao.
zheng gang said that as an early investor in smartisan technology, he lent 15 million yuan to luo yonghao in two installments when smartisan technology was in the most difficult time and luo yonghao had suicidal thoughts and could not pay wages. he signed the loan agreement three years after the loan. zheng gang also said that he mortgaged his house to get a bank loan of 20 million yuan to luo yonghao, but luo yonghao denied the facts and turned the tables.
in response to zheng gang's statement, luo yonghao said that zheng gang was lying and deliberately creating confusion. in addition, given zheng gang's long-term "condemnation" of him online, "i will put zheng gang's money into the last debt repayment of 'true return'."
luo yonghao: zheng gang lied, the money was finally returned
recently, zheng gang posted several weibo posts to criticize luo yonghao.
zheng gang said that when smartisan technology was in the most difficult time and could not pay wages, suppliers put up banners and were in trouble, and luo yonghao was having suicidal thoughts, he lent luo yonghao 15 million yuan in two installments without even writing any ious or asking luo yonghao to sign any agreement. he relied entirely on his trust in luo yonghao and only signed the loan agreement three years after the loan.
zheng gang also said that when luo yonghao used up the loan and asked him to borrow again, zheng gang mortgaged his own house to borrow 20 million yuan from the bank to luo yonghao. however, luo yonghao now denies that he had mortgaged his house to lend him money and is turning the tables.
screenshot from zheng gang's weibo
in response to zheng gang's statement, luo yonghao said that when smartisan technology was short of production funds, it had an operating loan from a bank in beijing. the bank required asset collateral, and an old friend of luo yonghao helped to provide three houses as collateral, and zheng gang also helped to provide a house as collateral. using four houses as collateral, smartisan technology obtained a total of 49 million yuan in operating loans. however, these loans had been repaid to the bank long before smartisan technology got into trouble (the repayment date of the last loan was february 6, 2018), and the mortgages of the four houses had been cancelled accordingly.
"although zheng gang knew all these facts, he deliberately misidentified me in order to morally blackmail me and mislead the public by playing up his tragedy. he said that the 15 million yuan that zihui lent to smartisan technology (which was originally the money that both parties agreed to use for debt-for-equity swaps) was the money he lent me by mortgaging his house, making people mistakenly believe that i was refusing to pay him back, and that i was refusing to pay him back for the money he mortgaged his house to save his life. he even made many people mistakenly believe that the house was still mortgaged and could not be redeemed."
luo yonghao said that the 15 million yuan loaned to smartisan by zheng gang's fund was a huge help to smartisan. however, in view of zheng gang's long-term "condemnation" of him on the internet, "i will put zheng gang's money into the last debt repayment of 'true return'."
luo yonghao once said that he would formally sue zheng gang
on august 26, luo yonghao posted a long article on weibo, saying that he had currently repaid 824 million yuan of debt, far exceeding the previously announced "debt of more than 600 million yuan."
luo yonghao also responded to the 15 million yuan owed by zheng gang to luo yonghao.
luo yonghao said: "it is true that smartisan technology borrowed money from zheng gang's institution that year, and it is also true that it did not repay the money after it was due." the reason for not repaying the money was related to zheng gang's "condemnation" of him on the internet.
luo yonghao said that since january last year, zheng gang had "attacked, slandered and defamed me countless times" on social networks and some self-media for a period of one and a half years. at present, the company's legal department has completed the collection of relevant evidence and materials, and will formally sue zheng gang later.
editor deng lingyao compiled from securities times and beijing business daily
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