From the "richest man" to a prisoner, the ups and downs of Zhu Baoliang, chairman of the Red Mansion Group

On June 24, 2020, Lanzhou Minbai, the largest commercial listed company in the northwest region, issued an announcement saying, The company's controlling shareholder, Honglou Group Co., Ltd., plans to transfer the company's controlling stake to Zhejiang Yuanming Holdings Co., Ltd. for a total price of 1 billion yuan. If this transaction is successfully completed, Zhu Baoliang, the actual controller of Lanzhou Minbai, will lose his controlling interest in the listed company. ?

Zhu Baoliang was born in Yaolin Town, Tonglu County, Zhejiang Province in May 1962. He has a high school education. He lost his father in his early years and was raised by his mother. ?

In 1992, 30-year-old Zhu Baoliang went to Hangzhou with 3,000 yuan of savings. He rented storefronts to sell clothes, set up clothing stalls, opened clothing factories, and worked in trading companies.

In 1995, Zhu Baoliang established Jindu Industrial Co., Ltd., rented the factory building of Hangzhou No. 1 Weaving Factory, and transformed it into Hangzhou Home Appliance City for external leasing.

In 1996, Zhu Baoliang spent 15 million to rent the idle factory building of Hangzhou Dujinsheng Silk Weaving Factory in the city center and renovated it to build Hangzhou Jindu Shoe City. ?

In 1997, Zhu Baoliang acquired more than 50 acres of land from Hangzhou Fuhua Silk Weaving Factory on Fengqi Road in Hangzhou, and invested more than 100 million yuan to build the later-known Hangzhou Huanbei Small Commodity Market. ?

In 2000, Zhu Baoliang invested nearly 90 million yuan to acquire 49.6% of the state-owned equity of Fuchunjiang Tourism Company held by Tonglu County Tourism Corporation. ?

In May 2001, Zhu Baoliang's Jindu Industrial Co., Ltd. was renamed Zhejiang Honglou Tourism Group Co., Ltd.

In 2004, it was renamed Red Mansion Group Co., Ltd.

In July 2012, Honglou Group spent 2 billion to acquire cces Express (Shanghai CCES Express), which was once on the verge of bankruptcy, and later changed its name to Guotong Express. ?

From 2018 to 2019, Lanzhou Minbai was nicknamed the A-share "Dividend King" by shareholders because of its large proportion of dividends. Most of the large dividends were pocketed by Zhu Baoliang.