Ma Kai claims that the company he founded was taken away from him by his father.
A billionaire father and son in Qingdao turned against each other and went to court for the right to run the company. The son, Ma Kai, accused his father of forcing away his two wives and stealing the company, which has an annual turnover of more than 200 million yuan ($31.12 million), while the father, Ma Xiangdong, accused his son of nonsense and embezzling $17.98 million ($2.79 million) in public funds from the company.
Ma Kai, 46, is the only son of a family whose father was a state-owned enterprise leader. After attending classes in Shanghai for a few years, Ma Kai went back home to Qingdao and started the company Gao Yu Environmental Protection at the request of his parents, Cover Story reported. A few years later, Gao Yu environmental annual turnover of more than 100 million, has become the industry leader.
The father-son split began with a divorce lawsuit in 2017. Ma Kai said, because the first ex-wife has been childless, he was forced to divorce by his father. When the divorce, in order not to let his ex-wife take the property, Ma Kai and his father forged a “shareholders’ meeting resolution” in 2003, which states that “Gao Yu Environmental Protection” was established by Ma Xiangdong and his wife, Ma Kai is only a shareholder on behalf of the shares.
Ma Xiangdong said that his son’s divorce he did not know, “shareholders’ resolution” is also true.
The shareholders’ meeting resolution.
In 2019, Ma Xiangdong with this “shareholders’ meeting resolution” to sue Ma Kai, the company’s equity for themselves. Ma Kai said, he did not expect, “I treat him as a father, but he did not treat me as a son”. Once the court ruled against Ma Kai, Ma Xiangdong immediately broke into the company with a group of people, first dismantled the surveillance, and then pried the safe, will be inside the seal, business license, financial U shield and personnel data are robbed.
Ma Xiangdong said, we let our son hold the shares, but also want to train him, but after he held the shares, the company took advantage of the company, embezzling a huge amount of assets, at least 17.98 million yuan. As for the official seal was robbed is “a thief shouting to catch a thief”, it is Ma Kai and his driver did. Ma Xiangdong said, “I said the tiger does not eat the son, I can not control you at home, the state law, social justice can control you”, “but the prodigal son returned to gold, we still give him the opportunity to correct”.
After the second trial, Ma Kai’s second wife could not stand Ma Xiangdong slander Ma Kai, to Ma Xiangdong kneeling, the wife was Ma Xiangdong humiliated is a table girl. Ma Kai said, “She felt that I was too soft on my father, foolish loyalty and filial piety, and took my son and left me”.
Now, forced by his own father to nothing, Ma Kai’s only solace is that he can still go see his son.
Gao Yu environmental protection.
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