Zhang Xinhua's involvement in the case

"Protecting" state-owned assets is controlled by individuals in name.

During his tenure as manager of Baiyun Agriculture, Industry and Commerce Company and vice chairman and general manager of Guangzhou Lin You Investment Management Co., Ltd., Zhang Xinhua took advantage of the overall work of the supervisor to manage the assets and property of the company's subsidiaries. Under the pretext of enterprise restructuring, he transferred a large number of state-owned assets of Baiyun Agricultural and Industrial Company and its subsidiaries to Guangzhou Guangtian Real Estate Co., Ltd. by means of fictitious debts, underestimating assets and concealing bonds, involving real estate, factories, orchards and land, all over Baiyun District of Guangzhou.

Guangtian Company was founded by Zhang Xinhua in the name of "protecting" state-owned assets. The company is nominally supervised by Baiyun Agriculture, Industry and Commerce Joint Company, but it is actually controlled by Zhang Xinhua.

Privatization of state-owned assets

In 2006, Zhang Xinhua established privately-owned Guangzhou New Tian Yu Real Estate Co., Ltd. without authorization, and merged with Guangtian Company to privatize all state-owned assets. Zhang Xinhua also brought some managers of the former state-owned Baiyun Agriculture, Industry and Commerce Joint Company into the newly established New Tian Yu Real Estate Co., Ltd., and Zhang Xinhua held 25.4% of the shares in the New Tian Yu Company, equivalent to more than 72 million yuan.

According to the assessment, these illegally transferred state-owned land and real estate in Zhang Xinhua are worth more than 284 million yuan.

Bribery paid off my brother's gambling debts.

Taking advantage of his position, he accepted huge bribes in the process of transferring the right to use several plots, amounting to RMB 97.8 million and HK$ 2.38 million, all of which were his own.

1998, during the development of Henghuage project, he accepted a bribe of HK$ 300,000 from Jiang, the legal representative of Guangzhou Hongan Property Development Co., Ltd., to repay his brother's gambling debts.

Seek benefits and accept bribes

During the period from 2004 to 20 1 1, Zhang Xinhua provided convenience for Guangzhou Hong Xin Investment Group Co., Ltd., Guangzhou Runyue Investment Co., Ltd. and Guangzhou Longming Investment Co., Ltd. in the process of land transfer and real estate transfer, seeking benefits, and successively accepted bribes of RMB1550,000, HK$ 2.08 million and RMB from the three companies.

Bribery of holiday expenses

During the ten years from 2003 to 20 13, Zhang Xinhua entrusted Guangzhou Chen Nuo Law Firm to undertake the risk agency business of assets disposal of enterprises under Baiyun Agricultural and Industrial Company, and during this period, he repeatedly accepted bribes of RMB 4 million from lawyer Yang in the name of holiday fees.