(hereinafter referred to as Wuhan Hongxin) still seems to be experiencing a cold winter.
Recently, there is news that Wuhan Hongxin senior management in the internal group informed “the company does not resume work and production plans”, and asked all employees to apply for separation before the end of the day on February 28, 2021.
Qixinbao information shows that after a series of changes, Wuhan Hongxin shareholders are Wuhan New Industry Science and Technology Development Co. After the equity penetration, the two companies are controlled by the state-owned aspects of Wuhan East-West Lake District.
How will the government handle this “hot potato” after it takes over? Is it true that employees are being laid off? On February 28, 2021, the Daily Economic News reporter came to the Wuhan Hongxin project site to see that a signboard with the words “Wuhan Hongxin Semiconductor Manufacturing Co. A Wuhan Hongxin subcontractors to reporters said, “dissolved, there will be no more Hongxin.”
On related matters, February 28, the reporter repeatedly called Wuhan Hongxin official phone, but the phone are in the unanswered state. In Wuhan city message board, for the public on the Wuhan Hongxin related questions, Wuhan City, East and West Lake District, February 8, 2021 (i.e., before the Chinese New Year) the latest response to “the project is being coordinated to promote”.
Site visit: the original Wuhan Hongxin signboard has been removed
Investment of up to 128 billion yuan, once as the star project in Wuhan City, and invited to work for TSMC and Semiconductor Manufacturing International’s semiconductor industry figure Jiang Shangyi as general manager …… once “brilliant” Wuhan Hongxin, but now it has fallen to a chicken feather.
Semiconductor industry information website set micro network according to information provided by informed sources reported that Wuhan Hongxin senior in the internal group notice: “combined with the company’s current situation, the company has no plans to resume work and production, the company decided to study, please all employees in February 28, 2021 before the end of the day to apply for separation, and March 5, 2021 before the end of the day to complete the separation procedures; leave The staff can apply online.”
In response to the above news, the reporter called the official phone number of the company and a number of local government departments, and went to the site to ask, but did not get the exact information. 2021 March 1, the Daily Economic News reporter called the publicity department of Wuhan City East and West Lake District, the staff said, this we do not know, did not get any news. When the reporter pressed further, the other side said, “It (Wuhan Hongxin) is in our jurisdiction, but we do not have any release caliber.”
According to previous media reports, under the endorsement of Jiang Shangyi, a large number of engineers came to Wuhan Hongxin to retain talent at the expense of doubling the salary. The report also said that the team of engineers, 3 million yuan, 5 million yuan (annual salary) of a large number of peak, Wuhan Hongxin staff number once swelled to more than 400 people.
Wuhan Hongxin’s current specific number of employees is not known, according to the national enterprise credit information disclosure system disclosed in Wuhan Hongxin’s 2019 annual report, the number of employees who paid five insurance company at that Time was 203.
Wuhan Hongxin semiconductor project facade
Is the news of the dismissal of employees true? Does this mean that Wuhan Hongxin is completely disbanded? Wuhan Hongxin current situation in the end how? In order to find out, the afternoon of February 28, 2021, the reporter came to the Wuhan Hongxin project site to see, a number of site entrances and exits have been closed, the project on the side of Netan Avenue for the main entrance to the site, from the gate to look inside, no one can be seen. And the reporter visited the project on September 3 last year, although the project is in a state of suspension, but there are still some people in and out of the site.
In September 2020, Wuhan Hongxin project office area, a large number of vehicles parked
A security guard at the main gate prevented reporters from entering the site, in the reporter asked about Wuhan Hongxin, the security guard said that now there is no Wuhan Hongxin inside, there is no one at the site. For Wuhan Hongxin whether the staff has been disbanded, it said they just came, do not know the situation.
Wuhan Hongxin in the project on the side of the Chuanggu Road built a red roof and white walls of the activity room, as the company’s office space. The reporter saw in the office area, the parking space at the entrance has not a car parked, by the “Wuhan Hongxin Semiconductor Manufacturing Co.
Wuhan Hongxin project office area, the front sign has been removed
In the office room, a staff member suspected of being the front desk asked reporters not to enter the office area, the reporter asked whether it is Wuhan Hongxin staff, the staff did not answer. There are self-service vending machines in the office room, but there is no Wuhan Hongxin-related words, and the pasted notices of Epidemic prevention and control do not specify the party to whom they are addressed.
When the reporter visited the project, there were only a few security guards walking around inside and outside the project. The above security guards came again and asked the reporter to hurry up and leave, but kept refusing to disclose their work units or service units.
February 28, Wuhan Hongxin project of a construction subcontractor Mr. Zhao (a pseudonym) told reporters that Wuhan Hongxin staff has been dissolved, there will be no more Hongxin company, the new (shareholder) company is planning to resume work, but is to continue to do semiconductor projects or other planning, is not yet clear.
According to Mr. Zhao, Wuhan Hongxin from 2020 arrears of engineering payments, (subcontractors) can already feel that the company basically can not hold on to the company’s internal staff to inquire about the news, found that the staff are also disillusioned. Before the New Year of the Ox, Mr. Zhao also went to the Wuhan Hongxin site, and there were still dozens of people in the project department. But Mr. Zhao found that everyone is ready to go their own way.
There is some progress in the payment of subcontracts, at present, Mr. Zhao’s subcontracts have got about 80%, the rest of the project will be settled in the second half of this year.
Government departments previously replied: the project is being coordinated to move forward
Since July 2020, Wuhan City East and West Lake District Government “self-exposure” Wuhan Hongxin funds break, sparking public concern has been more than six months, during which the company has also experienced changes in personnel and shareholders.
Qixinbao information shows that Jiang Shangyi is no longer a director and general manager of Wuhan Hongxin. He also issued a statement through his lawyer, claiming to have resigned from all positions in Wuhan Hongxin in June 2020 for personal reasons, and Wuhan Hongxin has also accepted the resignation submitted by Jiang Shangyi. Currently, Jiang Shangyi is back at SMIC again – in early February 2021, SMIC announced that Jiang Shangyi is the vice chairman of the company.
In November 2020, Wuhan New Industry Technology Development Co., Ltd (hereinafter referred to as Wuhan New Industry) became the sole shareholder of Wuhan Hongxin, replacing the former Beijing Light and Blue Technology Co.
By the end of December 2020, Wuhan New Industry’s shareholding was reduced to 90%, and the other 10% was held by Wuhan Airport Economic and Technological Development Zone Technology Investment Group Co. However, the above two shareholders are controlled by Wuhan East-West Lake People’s Government State-owned Assets Supervision and Administration after the equity penetration. In other words, Wuhan City East-West Lake State-owned assets have fully taken over Wuhan Hongxin.
On February 28, the Daily Economic News reporter saw that the official website of Wuhan Hongxin could not be opened. According to the web history snapshot of the company’s phone, the reporter repeatedly contacted to call are unanswered.
From public information, Wuhan Hongxin is currently litigation, and led to the company’s assets were frozen. Specifically, in addition to the new ASML scanning lithography machine that has not yet been activated because of the debt of 582 million yuan was mortgaged, a civil ruling published in October 2020 by the Chinese Judicial Documents Network shows that the Wuhan East-West Lake District People’s Court in Wuhan, Hubei Province ruled to freeze Wuhan Hongxin’s bank deposits of 15.31 million yuan due to a dispute over the sale and purchase contract between Shengpin Precision Gas (Shanghai) Co. The court ruled to freeze the bank deposit of 15.31 million yuan of Wuhan Hongxin, its 5% equity interest in a company, and a plant of Wuhan Hongxin.
Image source: screenshot of the court documents
However, the reporter saw on a job site, just after Wuhan Hongxin thunderstorm, in August 2020, Wuhan Hongxin is still recruiting, the latest job posting date for October 16, 2020.
For the future of Wuhan Hongxin, Wuhan City, East and West Lake State Capital side what plans? On the Wuhan city message board, there are also questions from the public on the Wuhan Hongxin issue. The latest response from the East-West Lake side of Wuhan City on February 8, 2021 stated that “the project is being coordinated to move forward.”
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