Core Points - The Singapore High Court ordered Dynamic Treasure Group Ltd to return 15.5% of SMCP shares to European Topsoho S.à r.l. within a week [1] Group 1: Company Background - From 2010 to 2019, Qiu Yafu invested up to 40 billion RMB in global acquisitions, including SMCP, Renown, Bally, and Leica [5] - In 2016, Shandong Ruyi, through European Topsoho, acquired a controlling stake in SMCP for 1.3 billion euros, which included brands like Sandro, Maje, and Claudie Pierlot [5] - Following the acquisition, SMCP's revenue nearly doubled in three years, making it one of the best assets under Shandong Ruyi's cross-border investments [5] Group 2: Financial Challenges - The short-term borrowing and long-term investment model led to increased leverage for Shandong Ruyi, exacerbated by the bankruptcy of Renown and failed acquisitions [6] - In September 2021, European Topsoho defaulted on 250 million euros of debt, resulting in the transfer of SMCP's control to GLAS [6] - GLAS accused Shandong Ruyi of illegally transferring remaining SMCP shares to Dynamic Treasure Group for a nominal value of one euro [6] Group 3: Legal Proceedings - The UK High Court ruled that the transaction involving Dynamic Treasure was invalid, requiring the return of the shares, with the case now moved to Singapore [6] - This situation is particularly significant for European Topsoho's creditors, who are eager to reclaim the "missing" shares for potential sale [7] - Qiu Yafu has faced multiple legal actions, with execution targets exceeding 1 billion RMB, leading to his reputation as a "defaulter" [7]

| | | | | | 農業小學與南庫為中新系 | | --- | --- | --- | --- | --- | --- | | | | | | | 即相入型便宜的内容 Q) | | 合 首页 | 品 机构 | | ■ 新闻 国 政务 | ♡ 服务 | 言 互动 SE 专题 | | 和的位置;周辺>专園>保父及原相礼法 | | | | | | | | | | 2025年5月5日-5月11日 | | | | | | | 无条件批准经营者集中案件列表 | | | | | | | 发布时间:2025-05-20 08:28 《《企业部:公司新议法二词 | | < 6 8 | | 序号 | | 案件名称 | 参与集中的经营者 | | 审结时间 | | | | | 太盟(珠海)管理咨询合伙企业(有限合伙) | | | | | | | 高和丰德(北京)企业管理服务有限公司 | | | | | | | 腰吊控股有限公司 | | | | | | | 北京市潘达商业管理有限公司 | | | | | | | 阳光人寿保险股份有限公司 | | | | | | | 北京银河万达企业管理有限公司 | | | | | | | 北京万达 ...