Shaolin Temple spends 300 million to buy land, Abbot controls 18 companies
(Zhengzhou, 8th comprehensive report) Shaolin martial arts is famous all over the world, but a recent land transaction case in China unexpectedly revealed the amazing financial resources of Shaolin Temple.
The Chinese media “Times Finance” reported that a commercial land was sold in Zhengzhou, China on the 6th. The winning bidder was Henan Tiesong Digital Technology Co., Ltd. with a bid amount of 452 million yuan (RMB. The same below, about RM300 million). Zhengzhou In 2020, the government will plan an industrial implementation plan for the area, targeting cultural industries, such as performing arts, cultural exhibitions, hotels and serviced apartments.
It seems to be an ordinary transaction, but the identity of the winning bidder is quite special. Tiesong Digital Technology was established in March 2022, less than a month ago, and the capital is just 452 million yuan, traced back to the company’s shareholders , it was found that Henan Tietou Comprehensive Development Co., Ltd. and Henan Yuanhan Industrial Co., Ltd. accounted for 51% and 49% of the shares respectively. The beneficiary of the latter turned out to be Shi Yongxin, the abbot of Songshan Shaolin Temple in Henan.
The report pointed out that the company held by Shi Yongxin is Henan Shaolin Intangible Asset Management Company, which is an important platform for the commercial operation of Shaolin Temple. The shareholders are Shaolin Temple and two natural persons, Shi Yongxin and Shi Yongqian. Shares as high as 8 percent.
Since its establishment in 2008, Shaolin Intangible Assets has successively invested in 16 companies with a total investment amount of 80 million (about 53.74 million ringgit), adding a lot of worldly atmosphere to the world‘s number one temple. As for the abbot himself, he has control over 18 companies. have actual control.
However, Ma Jianfeng, a staff member of Henan Railway Construction Investment Group Co., Ltd., said in an interview with local media that the above news is not true. Because it is an investment behavior of a joint venture between two companies, it is not a direct investment by Shaolin Temple, it is a normal business behavior of the two companies, and that’s it.