Core Points - The announcement of a bounty for information on the assets of Nantong Sanjian and its executives highlights the severe impact of the industry adjustment cycle on the company [1][8] - Nantong Sanjian is facing a civil judgment of 253.5 million yuan due to non-compliance with legal obligations [2][4] - The company has reported a significant decline in revenue and is currently in a negative net asset position [5][6] Company Overview - Nantong Sanjian was once a leading player in the construction industry, with annual revenues exceeding 100 billion yuan and notable projects including the Oriental Pearl Tower and Shanghai Tower [5] - As of the first half of this year, the company's revenue was only 9.5 million yuan, with a net loss of 1.7 million yuan [5] - The company has outstanding debts totaling approximately 1.949 billion yuan, including both domestic and offshore bonds [5][6] Legal and Financial Issues - The Qingdao Intermediate People's Court has issued a bounty of up to 25 million yuan for information leading to the recovery of Nantong Sanjian's assets [4][8] - Nantong Sanjian has been involved in numerous legal disputes, with 422 records of being an untrustworthy executor amounting to 1.063 billion yuan [6] - The chairman, Huang Yuhui, is also facing personal financial difficulties, with multiple execution records totaling 581 million yuan [6] Industry Context - The bounty system for asset recovery is becoming more common in the real estate sector, reflecting the challenges courts face in executing judgments against companies with complex asset structures [7][8] - Other courts have also issued similar bounties for different real estate companies, indicating a broader trend in the industry [7][8]

Core Points - The announcement of a bounty for information on the assets of Nantong Sanjian and its executives highlights the severe impact of the industry adjustment cycle on the company [1][2] - The bounty is set at a maximum of 25 million yuan for information leading to the recovery of a court-ordered payment of 253.5 million yuan that has not been fulfilled [2][4] Company Financials - Nantong Sanjian's revenue for the first half of the year was 0.95 million yuan, with a net loss of 0.17 million yuan, and its net assets are in negative territory [5] - The company has a total of 1.949 billion yuan in defaulted debts, including 618 million yuan in domestic bonds and 186.8 million USD in offshore bonds [5] Industry Context - The bounty system is part of a broader trend where multiple courts across China are offering rewards for information on real estate companies and their executives who fail to meet legal obligations [7] - The use of bounties is seen as a method to address the challenges of asset recovery in cases where the financial structures of companies are complex and assets may be hidden or transferred [8]

Core Viewpoint - The article discusses the recent high-value bounty announcements by courts targeting Jiangsu Nantong Sanjian Co., Ltd. and its executives, highlighting the challenges in enforcing judgments in the real estate sector due to financial difficulties faced by companies [3][4][6]. Group 1: Court Announcements and Bounties - Qingdao Intermediate People's Court issued a bounty of up to 25.35 million yuan for information on the hidden assets of Jiangsu Nantong Sanjian Co., Ltd. and its executives [3][7]. - Previously, Shenzhen Futian District Court had announced a bounty of 650,000 yuan for similar reasons related to Nantong Sanjian's failure to fulfill a court judgment [4][7]. - Courts in various regions have issued bounties ranging from 740,000 yuan to 9.261 million yuan, indicating a trend in the real estate sector where companies are struggling to meet financial obligations [4][11]. Group 2: Financial Difficulties of Jiangsu Nantong Sanjian - Jiangsu Nantong Sanjian, once a major player in the construction industry with annual revenues exceeding 100 billion yuan, is now facing severe financial distress, with a reported net asset value of -261 million yuan as of June [7][9]. - The company has defaulted on multiple debts, including 60.25 billion yuan in loans by the end of 2022 and 64.47 billion yuan by mid-2023, indicating a significant liquidity crisis [8][9]. - The financial troubles of Nantong Sanjian are attributed to the broader crisis in the real estate sector, particularly the fallout from Evergrande's debt issues, which have left many construction firms with uncollectible receivables [8][14]. Group 3: Broader Industry Context - The issuance of bounties reflects a systemic issue within the real estate and related industries, where companies are increasingly unable to meet their financial obligations, leading to complex debt chains and enforcement challenges [4][14]. - The trend of high-value bounties is not isolated to Nantong Sanjian, as other real estate companies and their executives are also facing similar legal actions and financial scrutiny [11][14]. - Courts are leveraging bounty announcements as a mechanism to address the difficulties in asset recovery, indicating a reliance on public assistance to locate hidden or undisclosed assets [13][14].

Core Viewpoint - The courts are increasingly utilizing high-reward bounty announcements to assist in locating hidden assets of companies facing execution difficulties, particularly in the real estate sector, reflecting the financial struggles of certain firms amid a challenging industry cycle [1][6][8] Group 1: Court Actions and Announcements - The Qingdao Intermediate People's Court issued a bounty notice with a maximum reward of 25.35 million yuan targeting Jiangsu Nantong Sanjian Co., Ltd. and its executives for hidden asset clues [2][3] - Previous bounty announcements have been made by various courts, including a 650,000 yuan reward from the Shenzhen Futian District Court for Nantong Sanjian due to unfulfilled obligations [3][5] - Courts in multiple regions have issued similar bounty announcements, with reward amounts ranging from 74,000 yuan to 9.261 million yuan, indicating a trend in leveraging social power to address execution challenges [1][6][7] Group 2: Financial Status of Jiangsu Nantong Sanjian - Jiangsu Nantong Sanjian, once a major player in the construction industry with annual revenues exceeding 100 billion yuan, is now facing significant financial distress, including overdue debts totaling 6.025 billion yuan as of December 2022 [4][6] - The company reported a 59.31% year-on-year decline in revenue for the first half of 2023, with a net profit of -17 million yuan and a negative net asset value of -261 million yuan [4][6] - Industry insiders attribute Nantong Sanjian's financial troubles to the fallout from Evergrande's debt crisis, which has severely impacted many construction firms [3][8] Group 3: Industry Context and Trends - The frequent issuance of bounty announcements is linked to the broader financial challenges within the real estate sector, characterized by high debt levels and cash flow risks [8] - The complexity of debt chains involving multiple stakeholders has made it difficult for courts to locate executable assets, necessitating the use of bounty mechanisms [8] - The legal basis for these bounty announcements stems from regulations allowing courts to seek assistance in locating assets when debtors fail to comply with court orders [7][8]

悬赏公告。 江苏省苏州市中级人民法院7月8日发布悬赏公告，最高赏金超2600万元。 公告如下： 江苏省苏州市中级人民法院悬赏公告 （2025）苏05执1025号 本院在执行申请执行人蒯某与被执行人江苏亿鹏建设发展有限公司、毛环宇、吴素林民间借贷纠纷一案 中，因被执行人江苏亿鹏建设发展有限公司、毛环宇、吴素林未履行生效法律文书所确定的义务，申请执 行人向本院提出悬赏执行申请，依照《中华人民共和国民事诉讼法》第二百六十六条之规定，特发布执行 悬赏公告如下： 被执行人： 江苏亿鹏建设发展有限公司，住所地江苏省太仓市经济开发区苏州中路511号1幢。法定代表 人：吴素林。 被执行人： 毛环宇，男，1967年10月28日，居民身份证号码32092219671028****，汉族，住江苏省太 仓市滨河路128号高尔夫湖滨花苑云峰园2幢3202室。 被执行人： 吴素林，女，1972年3月12日生，居民身份证号码32092219720312****，汉族，住江苏省 太仓市城厢镇常胜南路18号14幢102室。 毛环宇 吴素林 本院将对提供财产线索人员的身份及提供线索的有关情况予以保密，严禁打击报复。严禁使用不正当的手 段获取举报 ...

Core Viewpoint - The Suzhou Intermediate People's Court has issued a reward announcement with a maximum reward exceeding 26 million yuan for information leading to the execution of a civil loan dispute case involving Jiangsu Yipeng Construction Development Co., Ltd. and its representatives [1][2]. Group 1: Case Details - The case involves the applicant Kuai and the defendants Jiangsu Yipeng Construction Development Co., Ltd., Mao Huanyu, and Wu Sulin, who have failed to fulfill their obligations as determined by a valid legal document [2]. - The total amount involved in the case is 132,499,962 yuan [6]. Group 2: Reward Information - The reward for providing valid information about the defendants' hidden or transferred assets is set at 20% of the amount that is successfully executed [7]. - The reward period is from the date of the announcement until May 30, 2026 [6]. Group 3: Confidentiality and Reporting - The court will keep the identity of the informants confidential and prohibits any form of retaliation against them [8]. - Reports can be made via designated phone numbers during specified working hours [9].