Core Viewpoint - The lawsuit involving Zhuhai-based real estate company Shiyong Zhaoye against its former founder Liang Jiarong has reached a significant milestone, with a U.S. court ruling that Liang must pay approximately 2.59 billion yuan (around 18.5 million USD) in compensation, plus interest, totaling about 21.9 billion yuan [1][2][20]. Group 1: Lawsuit Details - Shiyong Zhaoye initiated a lawsuit against Liang Jiarong in September 2021, initially seeking 650 million yuan, which escalated to 2.8 billion yuan by 2022 [2][17]. - The U.S. court's ruling includes a principal amount of 258,536,130 USD (approximately 1.85 billion yuan) and interest calculated at 70,831.81 USD per day, amounting to about 3.4 billion yuan over 674 days [2][20]. - The court's decision is a preliminary ruling, and the final outcome remains uncertain as the involved parties may appeal [7]. Group 2: Company Background - Shiyong Zhaoye was once part of the "Zhuhai Real Estate Three Musketeers" alongside Huafa Group and Gree Real Estate, with Liang Jiarong and his father Liang Shezheng being prominent figures in the company [1][9]. - The company reported a revenue of 598 million yuan in the first half of 2025, a year-on-year increase of 9.8%, but its net profit attributable to shareholders fell by 44.4% to 15.29 million yuan [7][8]. - As of the end of the second quarter, Shiyong Zhaoye's total assets were 7.312 billion yuan, a 0.5% increase from the previous year [7]. Group 3: Ownership Changes - On September 4, 2023, it was announced that the Zhuhai State-owned Assets Supervision and Administration Commission transferred 90.21% of Zhuhai Dahongqin Group Co., Ltd. to Zhuhai Zhuguang Group, effectively changing the major shareholder of Shiyong Zhaoye from Liang Jiarong to a state-owned enterprise [8][20]. - The ownership transition reflects a significant shift in the company's governance structure following the legal troubles of its founder [8][20]. Group 4: Historical Context - Liang Jiarong's rise to prominence began in the 1990s, leading to the establishment of Shiyong Zhaoye, which became publicly listed in 2008 [9][12]. - His family's wealth and business practices have come under scrutiny, particularly following allegations of money laundering and organized crime, leading to their eventual relocation to the United States [12][13].

Core Viewpoint - The lawsuit between Guangdong's Shiyong Zhaoye and its former founder Liang Jiarong has reached a significant milestone, with a U.S. court ruling that Liang must pay approximately 2.59 billion yuan (around 18.5 million USD) in compensation, plus interest for 674 days, totaling about 21.9 billion yuan [1][2][6]. Group 1: Lawsuit Details - Shiyong Zhaoye initiated a lawsuit against Liang Jiarong in September 2021, initially seeking 650 million yuan, which escalated to 2.8 billion yuan by 2022 [2][17]. - The recent court ruling requires Liang to pay 258,536,130 USD (approximately 18.5 billion yuan) plus daily interest of 70,831.81 USD, amounting to about 3.4 billion yuan in interest over 674 days [2][6]. - The lawsuit claims that Liang illegally occupied company assets and received bribes totaling over 4.5 billion yuan [17][20]. Group 2: Company Financials - In the first half of 2025, Shiyong Zhaoye reported revenue of 598 million yuan, a year-on-year increase of 9.8%, but a net profit decline of 44.4% to 15.29 million yuan [6][7]. - The company’s total assets reached 7.312 billion yuan, a 0.5% increase from the previous year, while net assets grew by 0.3% to 4.799 billion yuan [7]. Group 3: Ownership Changes - The ownership of Shiyong Zhaoye has shifted from Liang Jiarong to state-owned enterprises, with the Zhuhai State-owned Assets Supervision and Administration Commission transferring its 90.21% stake to Zhuhai Zhu Guang Group [7][8]. - Liang Jiarong's family has reportedly moved to the United States, complicating the enforcement of the court's ruling [11][13]. Group 4: Background of Liang Jiarong - Liang Jiarong was once a prominent figure in the real estate industry, with his family topping the Hurun Rich List from 2009 to 2021 [1][8]. - His reputation has been marred by allegations of money laundering and organized crime, leading to his family's assets being frozen and their eventual relocation to the U.S. [11][12].

Core Viewpoint - The recent announcement from Guangdong Shiyong Zhaoye Co., Ltd. reveals that its founder, Liang Jiarong, is required to pay approximately 1.85 billion RMB (plus interest) due to a preliminary ruling by a California court, marking a significant development in a four-year international lawsuit [2][23]. Company Background - Guangdong Shiyong Zhaoye was founded by Liang Jiarong, who has been featured multiple times on the Hurun Rich List and was once known as the "richest man in Zhuhai" [3][4]. - The company became the second listed real estate firm in Zhuhai after reverse merging with Weier Technology in 2008, developing notable properties such as Riviera and Shiyong Mingzhu [3][4]. Legal Issues - Liang Jiarong has faced serious legal challenges, including being placed under residential surveillance in 2016 for alleged money laundering and being implicated in various criminal activities since the 1990s [5][6]. - The company has initiated a cross-border lawsuit against Liang Jiarong, claiming he illegally appropriated company assets and received commercial bribes totaling approximately 2.8 billion RMB [9][10]. Financial Developments - In June 2025, a U.S. court ruled that Liang Jiarong must pay 2.59 billion USD (approximately 1.85 billion RMB) to the company, although this ruling is not yet enforceable [12][23]. - The company has seen fluctuating revenues, with reported figures of 2.948 billion RMB in 2020, 2.380 billion RMB in 2021, and a significant drop to 981 million RMB in 2024, indicating operational challenges [14][15]. Ownership Changes - In 2024, Zhuhai Daxihongqin Anju Investment Co., Ltd. acquired 60.28% of Shiyong Zhaoye's shares through judicial auction and tender offer, effectively removing Liang Jiarong and his family from control [13][23]. - The company is now under the control of a state-owned enterprise, marking a significant shift in its governance structure [13][23]. Future Outlook - The company holds a land reserve of 630,000 square meters in Zhuhai, which remains a critical asset for its future operations [15]. - The resolution of the ongoing legal disputes and the successful recovery of the claimed amounts could significantly improve the company's financial health, although uncertainties remain regarding the execution of the court's ruling [16].

Core Viewpoint - The recent announcement from Zhuhai-based real estate company Guangdong Shiyong Zhaoye Co., Ltd. reveals that its founder, Liang Jiarong, is required to compensate the company approximately 1.85 billion RMB (around 259 million USD) following a four-year international lawsuit [1][20]. Group 1: Company Background - Guangdong Shiyong Zhaoye was founded by Liang Jiarong, who was once known as the "richest man in Zhuhai" [8]. - The company went public in 2008 and is recognized for developing notable properties such as Riviera and Shiyong Mingzhu [10]. - Liang Jiarong has maintained a low profile, often delegating public appearances to his father, Liang Shezheng, who was listed as the richest man in Zhuhai multiple times [10][12]. Group 2: Legal Issues and Developments - Liang Jiarong has faced serious legal challenges, including allegations of money laundering and organized crime since 2016 [11][13]. - In 2021, the company initiated a lawsuit against Liang Jiarong in the U.S. for debt recovery, claiming he misappropriated company assets totaling around 2 billion RMB [16][17]. - The lawsuit has seen various developments, including a preliminary ruling in 2025 that ordered Liang Jiarong to pay 1.85 billion RMB, although the ruling is not yet enforceable [20][24]. Group 3: Company Financial Performance - The financial performance of Guangdong Shiyong Zhaoye has been declining, with revenues dropping from 29.48 billion RMB in 2020 to 9.81 billion RMB in 2024, marking a 36.63% year-on-year decline [22]. - The company reported a revenue of 1.90 billion RMB and a net profit of 6.09 million RMB in the first quarter of 2025, indicating ongoing financial pressure [22]. Group 4: Future Outlook - The company is now under the control of Zhuhai's state-owned enterprise after a significant share acquisition, marking a shift in its governance [20][21]. - The potential recovery of 1.85 billion RMB could significantly improve the company's financial situation, but uncertainties remain regarding the execution of the court ruling and the actual recovery of assets [22][24].