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Challenging market conditions http://www.gotocoachsoutlets.net persisted as the global economic downturn continued to lower profit margins and bottom lines. In one survey conducted by coach factory outlet Stores Magazine, 92 percent of consumers queried reported they could do without luxury handbags, foregoing the high ticket items in the struggling economy. Outlet shopping remained an ongoing dilemma as well, as consumers louis vuitton outlet sought discounted prices. Also coach outlet online adding louis vuitton handbags outlet to the industry's woes, counterfeit goods seized by the U.S. Customs Border and Protection in the handbag, wallet, and backpack category grew to 29.6 percent during 2008.
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If smuggling and speculation coach factory outlet online is the product of a particular era, the end of the 1990s, from the bank huge loan fraud, and then transferred to the outside, only Wong and his brother have the guts.
2006 before the National Day, the Ministry of Public Security launched a criminal investigation of the new Henderson Department Junqin private, the Wong brothers who played for the most senior of the new Henderson Xingwang people was arrested.
November 1, 2006, all coach outlet store of the assets of the Junqin private Sunbase Department was closed down, the CBRC in Mocha Sunbase Department and Huang Guangyu, the control of the Eagle system's total bank loans and liabilities, causes Junqin early years of the loan, there are serious breaches operation, Huang Guangyu investigation.
In 1993, the separation of the Junqin and Huang Guangyu brother, my brother turned to the real estate industry, the establishment of the coach factory new Henderson Department has several buildings famous buildings in the capital and the northeast; brother the operating alone Eagle system, Gome, Eagle Realty constitutes a substantial assets.
1997 Junqin to Beijing Jing'an Property Development Co., Ltd. on behalf of a loan of 160 million yuan and 10.27 million U.S. dollars to the Bank of China Beijing Branch. The Jingan property actually controlled by Junqin.
To public information, the Jingan company by Jing'an property, foreign identity (China) Holdings Limited (hereinafter referred to as the Jing'an holding) and held in a state-owned enterprise in Beijing, foreign ownership Liucheng, the company has Beijing coach factory outlet North Third Ring Road Jing'an cheap coach purses Center Lot . 1995, the capital's real estate downturn, Jing'an plots weakness commence foreign shareholders intend to resell. About 1994, the actual Junqin private Sunbase Beijing Real Estate Development Corporation (hereinafter referred to as the new Henderson) anchored in the name of the Beijing Capital Group, the nature of collectively owned enterprises.
In 1995, the Capital Group, Junqin et al on behalf of the subordinate Sunbase, with Jing'an Holdings chairman of Dengnan Wei contact potential disk access Jing'an holding all the shares. In order to maintain the joint venture nature of the project, the transaction changed by registered outside Hong Kong Jebsen International Investment Limited (Hong Kong Jebsen) disk access. In June of that year, the two sides signed, Deng Nanwei with another shareholder beam, Hunan Jing'an holding 100% equity transfer Jebsen, a consideration of $ 18 million. Jebsen actual control coach outlet of Junqin.
At that time, Junqin does not have readily available funds, he has just promised the construction of advanced field to find their own funds for construction. Both sides convention and Jing'an Center Building, built Junqin off against the corresponding floor area price models, and then handle the transfer of ownership of the Jing'an holding.
Jing'an Center broke ground in the second half of 1995, but soon ran out of funds, Junqin and others began to seek bank loans. 1997, forged Junqin and Xingwang the Jing'an company license, the resolution of the Board and the legal representative of Deng Nanwei the signatures, in Jing'an company name, walk to Beijing to apply for loans. Year loans 5 pen, a total of RMB 200 million yuan. Loan arrangements that man when he was president of the Beijing Bank of China NIU Zhong-l
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