Tricycles grab business, more than 100 taxis in Zhouzhi County, Shaanxi Province are suspended (Photos)


Taxi service was suspended, and tricycle business was booming.



Master Li just bought a new car this year, and the dismal business has frustrated him.


  According to this newspaper, yesterday, more than 100 taxis in Zhouzhi County gathered in Yunta Square, the county seat, and collectively stopped operating. Owners asked relevant departments to crack down on the "black three wheels". Yesterday afternoon, the Zhouzhi County government urgently convened the county traffic bureau, traffic police brigade, taxi management office, taxi company and owner representatives to hold a meeting and decided that the traffic police brigade would start to rectify the "black three wheels" today. The reporter learned that as of 8:40 last night, the suspended taxis were still gathered in Yunta Square.


  More than 100 taxis were suspended


  At 11am yesterday, taxis could only be seen sporadically on the streets of Zhouzhi county seat. "It’s so strange, why are there so few taxis on the streets today?" said Ms Wang, who runs a restaurant on Taibai North Road in the county seat. At the same time, more than 100 taxis that were supposed to operate were collectively "stalled" at Yunta Square in the center of the county seat.


  "Due to the chaos of the taxi market, taxi operators cannot operate normally, their operating income is very low, and they cannot guarantee the minimum living requirements. We strongly urge all taxi operators, contractors, and drivers to collectively stop operating at Yunta Square at 8:00 tomorrow morning. I hope all colleagues will actively cooperate and safeguard their legitimate rights and interests."


  There are currently 217 taxis in operation in Zhouzhi County. A taxi operator said that at least more than 100 taxis have been suspended, and many taxis are parked at home and do not go out.


  Tricycle grabbing business becomes a fuse for outage


  Taxi operators put forward five demands in the proposal, the first of which is to resolutely crack down on the "black tricycle". Some owners say that there are at least 500 tricycles operating illegally in the county seat, more than double the number of taxis. Due to the low operating costs, these tricycles can at least get a 30,000 of diversified profits from the operating market in Zhouzhi County. A taxi owner said that because of the profits, people from the surrounding martial arts and Xingping also drove tricycles to Zhouzhi County to operate.


  Taxi operators say their profits are pitifully small compared to the illegally operated tricycles. Li Lianshe, the owner of the taxi, has calculated for the reporter that the taxi operation now earns up to 150 yuan a day, excluding the fuel fee of more than 80 yuan and the fixed fee of more than 30 yuan paid to the management department, as well as the driver’s salary of about 30 yuan, leaving the owner with little profit left. Taxi using natural gas is even more uneconomical. Since there is no gas station in Zhouzhi County, the taxi has to go to Yangling to fill up, so it takes at least two hours to fill up.


  The reporter learned in the interview that the collective outage of taxis is also related to the problems existing in the management of taxi companies.


  This is the third outage this year


  Yesterday at about 1 noon, the reporter saw in Zhouzhi County Yunta Square that the number of taxis joining the outage was still increasing. In order to quell the conflict as soon as possible and allow the taxi to resume operation, Zhouzhi County Taxi Management Office recruited the heads of the four taxi companies to which the suspended taxis belonged, and negotiated face-to-face with the owners on the management problems of each company. The Zhouzhi County Transportation Bureau also dispatched a number of staff to persuade the suspended taxi operators and drivers.


  A driver told reporters that this is the third time this year that taxis have resumed operations under the coordination of the Zhouzhi County Party Committee and the county government. "After the government coordinated, the traffic control department also investigated and dealt with it, but such investigations lacked long-term effectiveness. After the limelight, the illegal operation of tricycles resurfaced."


  Traffic police say there is no law enforcement basis for banning tricycles


  At about 2 pm yesterday, the reporter saw on the central street of Zhouzhi County that although most taxis were out of service, tricycles pulled passengers one by one through the street. The reporter contacted the captain of the Zhouzhi County Traffic Police Brigade by phone about the strong complaints from taxi operators about the problem of motorized tricycles. Liu Jianbin told reporters that there are more than 60 motorized tricycles operating in Zhouzhi County, and this number is far from the more than 500 reported by taxi operators. He said that many of these operating tricycles are battery cars, and some are mopeds, and the relevant laws are not clearly stipulated, resulting in the lack of legal basis for the traffic police department in the law enforcement process. In addition, most of these tricycles are laid-off and unemployed disadvantaged groups, which also increases the difficulty of their law enforcement. When the reporter left at the end of the interview, the deputy county head in charge of transportation of Zhouzhi County Government urgently convened the county transportation bureau, the traffic police brigade, the taxi management office, the taxi company and the owner’s representatives to hold a coordination meeting, and decided that from today, the traffic police brigade will start to rectify the "black three wheels".


  Text/Wang Haipeng, Intern, Liu Xiaofan, Photo/Reporter, Zhai Xiaoxue

Editor in charge: Wang Yuxi

The time is set! Next Monday, Evergrande will usher in the "moment of life and death"

K Figure 03333_0

  The conclusion of the liquidation petition hearing of Evergrande Group may be announced next Monday, January 29.

  On January 26, according to the website of the Hong Kong Judiciary, the Hong Kong High Court will hold a hearing at 9:30 on January 29, 2024A hearing on a potential regulatory order will be held next Monday at 2.30pm.

  It is understood that such a regulatory order, if effective, would mean that the court would oversee the liquidation process, which could include the appointment of a liquidator.

  Previously, on December 4, 2023, it was announced that the Hong Kong High Court had granted the company’s application for adjournment, further adjourning the hearing of the petition to January 29, 2024, which was the seventh time it had issued a winding-up petition hearing adjournment.

The hearing is final

  On January 26, according to the website of the Hong Kong Judiciary, the Hong Kong High Court will hold a hearing of the winding-up petition against the group at 9:30 on January 29, 2024. Meanwhile, Judge Chan Ching-fen will hold a hearing on a potential regulatory order at 2:30 pm next Monday.

  Huang Lichong, President of Huisheng International Capital Co., Ltd., acceptsChinese reporters said in an interview that Evergrande will face a life-and-death moment before 2024. According to the general judicial procedure, if Evergrande cannot come up with a plan that can be accepted by the court and creditors this time, it may face the fate of bankruptcy this time.

  "Now is the time for creditors to apply for the liquidation of Evergrande for a hearing, and the fact that Evergrande owes debts is certain. Therefore, the only reason Evergrande can avoid liquidation is that Evergrande can propose aThe plan can be accepted by the court and is willing to postpone the liquidation. Personally, I think that with Evergrande’s current situation, it may be difficult to come up with a convincing plan. "Huang Lichong said.

The hearing of the petition has been postponed several times

  Looking back, China Evergrande onceThe Hong Kong High Court granted the company’s application for an extension on December 4, 2023, further adjourning the hearing of the winding-up petition to January 29, 2024, providing China Evergrande with a temporary respite.

  In fact, in June 2022, creditors filed a winding-up petition against Evergrande in the High Court of the Hong Kong Special Administrative Region of China, and GAIN Global filed a winding-up petition against Evergrande in the High Court of the Hong Kong Special Administrative Region on June 24, 2022. The amount of claims involved was about 862.50 million Hong Kong dollars. At that time, the hearing time was set for August 31, 2022. The subsequent winding-up hearing against Evergrande was postponed seven times until the final time was set.

  Mr. Wong said that once the court is satisfied that one of the requirements set out in section 177 (1) of the Companies Winding-up Ordinance (including the company’s insolvency) has been met, it can issue a winding-up order against the company. The court will take into account the wishes of the creditors and the principles of justice and fairness. During the compulsory winding-up period, all proceedings against the company and actions by creditors will be automatically suspended unless the court approves the commencement or continuation of such proceedings. In addition, the powers of the directors will be suspended, while the court-supervised liquidator will be responsible for recovering and realising the company’s assets, investigating the company’s affairs, adjudicating creditors’ claims, and distributing to creditors from the winding-up estate. Once the company is wound up, the liquidator will apply to the court to release the liquidator from liability and dissolve the company.

  Data show that as of June 30, 2023, China Evergrande’s main revenue was about 128.18 billion yuan, and the total net loss was 39.25 billion yuan. China Evergrande’s cash and cash equivalents were about 4.047 billion yuan. Total assets were 1.744 trillion yuan, of which current assets 1.5785 trillion yuan and total liabilities 2.3882 trillion yuan.

  The latest move by China Evergrande is still in the debt reduction action. On January 25, China Evergrande disclosed a transaction.

  The announcement shows that a subsidiary of China Evergrande, namely the transferor Hengda Real Estate Group Guangdong East Co., Ltd., and the transferee Shantou HengyaoThe Transferor transferred its 65% interest in the Project Company, Shantou Hengming Co., Ltd. to the Transferee at a total consideration of approximately RMB 137.60 million. After completion of the Disposal, Hengda will no longer hold any equity interest in the Project Company.

  As part of the transaction, Shantou Hengming Co., Ltd., the project company, will forgive part of the debt of the transferor and its associates to it, which is approximately RMB 376 million yuan; and agrees that after the completion of the transaction, the RMB 200 million yuan debt owed by the transferor to the project company will be repaid without interest and liquidated damages on December 31, 2026.

  China Evergrande expects to record a profit of approximately RMB 304 million on the sale. However, as the entire amount of the sale will be used to offset part of the debt of the transferor and its affiliates to the project company, China Evergrande will not receive any cash proceeds from the sale.