[Epoch Times October 23, 2021](Epoch Times reporter Liu Yi comprehensive report) The Beijing Taxation Bureau of the Communist Party of China announced on October 22 that it had initiated an inspection of Beijing Jianhua Land Co., Ltd., a subsidiary of SOHO China.
The Beijing Municipal Taxation Bureau of the State Administration of Taxation of the Communist Party of China released the above news on its website on the 22nd. The announcement stated that after receiving a report on the suspected tax evasion of SOHO China’s subsidiary Beijing Jianhua Land Co., Ltd., a case was filed for inspection.
Public information shows that Beijing Jianhua Real Estate Co., Ltd. was registered and established on February 22, 1994 with the Beijing Administration for Industry and Commerce. The legal representative Pan Shiyi. According to Reuters, the company has two shareholders, of which SOHO China holds 60% and the remaining 40% is held by Huayuan Real Estate Co., Ltd. through a wholly-owned subsidiary.
Huayuan Group, the parent company of Huayuan Real Estate, is well-known for its daring former chairman Ren Zhiqiang. In September 2020, Ren Zhiqiang was sentenced to 18 years in prison and fined 4.2 million yuan for corruption, bribery, misappropriation of public funds, and abuse of power by state-owned company personnel.
Ren Zhiqiang is the son of Ren Quansheng, the former Vice Minister of Commerce of the Chinese Communist Party. It is generally believed that Ren Zhiqiang was severely sentenced because he publicly criticized the Chinese Communist Party and unnamed Xi Jinping as a clown who stripped his clothes and insisted on being the emperor. .
SOHO China also aroused the attention of the outside world when the Chinese authorities intervened and filed a case to review the acquisition of SOHO China by the Blackstone Group of the United States in August this year. At that time, some netizens said that this might be an obvious official signal: Pan Shiyi can’t run!
In early September, the transaction finally fell through on the grounds that “all parties agreed that the prerequisites could not be met on or before the final deadline.”
Editor in charge: Li Qiong
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