According to media reports, Wang Sicong was once again restricted by the people's Court of Jiading District of Shanghai after he was issued a restraining order on October 12. Wang Sicong was listed as an executor by the Beijing Court on November 4, and the court issued a consumption restriction order to Wang Sicong on November 19, according to a query on China execution information disclosure network. On November 22, due to Wang Sicong's failure to fulfill the repayment obligation as required by the enforcement notice, the court formally sealed up Wang Sicong's property such as real estate, vehicles, bank deposits, etc.
According to the latest news from China executive information disclosure network, the second intermediate people's Court of Beijing issued a consumption restriction order on November 19 (2019) No. 1325, which shows that Wang Sicong was once again restricted in consumption.
According to the documents, the second intermediate people's Court of Beijing filed a case on November 4, in which Jiaxing jingziti, the applicant for enforcement, applied for enforcement of Wang Sicong's domestic non foreign arbitration award for equity investment fund partnership (limited partnership). Because Wang Sicong failed to perform the payment obligations determined by the effective legal documents within the period specified in the enforcement notice, according to the relevant provisions, Wang Sicong was restricted from consumption Measures.
This is the second time Wang Sicong has been restricted in recent years. On November 9, Wang Sicong was issued a consumption restriction order by the people's Court of Jiading District of Shanghai on October 12, according to the China executive information disclosure network.
According to the documents, on August 12, 2019, the people's Court of Jiading District of Shanghai filed the case of Cao Yue, the execution applicant, who applied for the execution of other contract disputes of Shanghai Panda mutual Entertainment Culture Co., Ltd. because panda mutual failed to fulfill the payment obligations determined by the effective legal documents within the period specified in the execution notice, it was taken to restrict consumption, its legal representative, main person in charge and influence debt Wang Sicong, the person who is directly responsible for the performance of duties and the actual controller, shall not carry out high consumption and non life and work necessary consumption behaviors.
Cao Yue, the applicant for enforcement of the case, was the anchor of the original panda live broadcast. There was a contract dispute of 3.6999 million yuan with Shanghai Panda mutual Entertainment Culture Co., Ltd., the main operating company of the panda live broadcast. According to tianyancha data, Shanghai Panda mutual Entertainment Culture Co., Ltd., Wang Sicong's actual controller and chairman, is a dishonest company publicized by supreme law.
According to reports, at present, Wang Sicong has declared his property to the second middle court of Beijing in accordance with the property declaration order issued by the court. In addition, the parties feedback that both parties are negotiating on the performance of the creditor's rights involved in the case.
According to the second central court of Beijing, the next step will be to verify Wang Sicong's declaration of property according to law, and take relevant measures in accordance with the laws and regulations in combination with the negotiation between the two parties.
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