Guo Wengui / Miles Guo — bankruptcy case · ORDER · ECF #3743

UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

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In re: :

et al., :

Debtors.1 :

CHAPTER 11 TRUSTEE'S REPORT OF SALE REGARDING SALE OF 373 TACONIC ROAD, GREENWICH, CONNECTICUT

In accordance with the terms of this Court's *Order Approving Chapter 11 Trustee's Motion for Entry of Order Authorizing and Approving Sale of The Greenwich Property Free and Clear of Liens, Claims, Interests and Encumbrances (A) Approving Sale of Real Property by Private Sale; (B) Authorizing Form of Notice of Private Sale and (C) Approving Related Relief (the "Order")* [ECF. No. 3690], Luc A. Despins, the chapter 11 Trustee (the "Trustee") hereby files this report of sale, and states as follows:

On October 18, 2024, the Trustee as seller, and BEC CT LLC, as buyer (the "Buyer"), consummated the sale of the real property known as 373 Taconic Road, Greenwich, Connecticut (the "Greenwich Property") and recorded the deed conveying the Greenwich Property at Volume 8373, Page 298 of the Greenwich land records, as authorized by the Order (the "Sale").

In accordance with the Order, consideration of \$7,250,000.00 was paid by the Buyer to the Trustee for the Sale. Attached hereto as Exhibit A is a true and correct copy of the closing

1 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications). statement related to the Sale. All distributions set forth on Exhibit A were made with good funds.

Dated: October 22, 2024 LUC A. DESPINS, TRUSTEE

Douglas S. Skalka (ct00616) Patrick R. Linsey (ct29437) NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street, 13th Floor New Haven, Connecticut 06510 (203) 781-2847 dskalka@npmlaw.com plinsey@npmlaw.com

G. Alexander Bongartz (admitted pro hac vice) Douglass Barron (admitted pro hac vice) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6079 alexbongartz@paulhastings.com douglassbarron@paulhastings.com

Nicholas A. Bassett (admitted pro hac vice) PAUL HASTINGS LLP 2050 M Street NW Washington, D.C., 20036 (202) 551-1902 nicholasbassett@paulhastings.com

UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

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In re: : :

et al., : :

Debtors.2 : :

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The undersigned hereby certifies that on October 22, 2024 the foregoing Report of Sale and HUD closing statement were filed electronically. Notice of this filing will be sent by e-mail to all parties by operation of the Court's electronic filing system or by mail to anyone unable to accept electronic filing as indicated on the Notice of Electronic Filing. Parties may access this filing through the Court's system.

Dated: October 22, 2024 LUC A. DESPINS, TRUSTEE New Haven, Connecticut

By: /s/Douglas S. Skalka Douglas S. Skalka (ct00616) NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street New Haven, CT 06510 Telephone (203) 821-2000 dskalka@npmlaw.com

2 The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax idenficaon number: 9595), Genever Holdings LLC (last four digits of tax idenficaon number: 8202) and Genever Holdings Corporaon. The mailing address for the Trustee, Genever Holdings LLC, and Genever Holdings Corporaon is Paul Hasngs LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of noces and communicaons).

A. SETTLEMENT STATEMENT(HUD-1) OMB Approval No. 2502-0265

B. TYPE OF LOAN:

1.

2.

3.

5248.001 7. Loan Number 8. Mortgage Insurance Case Number 4.

5.

C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLER: F. NAME AND ADDRESS OF LENDER: BEC CT LLC Luc A. Despins, as Chapter 11 Trustee of Estate of Ho

G. PROPERTY LOCATION: H. SETTLEMENT AGENT: H. SETTLEMENT DATE

373 Taconic Rd Neubert, Pepe & Monteith, P.C. October 18, 2024

Greenwich, CT 06831 195 Church Street, 13th Floor, New Haven, CT 06510

195 Church Street, 13th Floor, New Haven, CT 06510

J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION 100. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER: 101. Contract sales price 7,250,000.00 401. Contract sales price 7,250,000.00 102. Personal property 402. Personal property 103. Settlement charges to borrower (from line 1400) 104. 34,056.00 403. 404.

105. 405. ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:

10/18/2024 to 12/31/2024 11,110.63 406. City/town taxes 10/18/2024

109. Stamford Taxes, 10/18/24 to 12/31/24 76.37 409. Stamford Taxes, 10/18/24 to 12/31/24 76.37 110. Oil, 902 gallons @ \$3.549 3,201.20 410. Oil, 902 gallons @ \$3.549 3,201.20 111. Propane, 530 gallons @ \$3.049 1,615.97 411. Propane, 530 gallons @ \$3.049 1,615.97 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER: 7,300,060.17 420. GROSS AMOUNT DUE TO SELLER: 7,266,004.17 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500 REDUCTIONS IN AMOUNT DUE TO SELLER: 201. Deposit or earnest money 1,065,000.00 501. Excess deposit (see instructions) 202. Principal amounts of new loan(s) 502. Settlement charges to seller (line 1400) 478,835.38 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to

205. 505. Payoff of second mortgage loan

207. 507. 208. 508. 209. 509. ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:

213. Cleaning Credit 2,500.00 513. Cleaning Credit 2,500.00 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY/FOR BORROWER: 1,067,500.00 520 TOTAL REDUCTION IN AMOUNT DUE SELLER: 1,546,335.38 300. CASH AT SETTLEMENT FROM/TO BORROWER: 600 CASH AT SETTLEMENT FROM/TO SELLER: 301. Gross amount due from borrower (line 120) 7,300,060.17 601. Gross amount due to seller (line 420) 7,266,004.17 302 Less amount paid by/for borrower (line 220) 1,067,500.00 602. Less total reductions in amount due seller (line 520) 1,546,335.38

To) Borrower \$6,232,560.17 603 Cash ( x To) (

700. TOTAL REAL ESTATE BROKER FEES PAID FROM PAID FROM Division of commission (line 700) as follows: BORROWER'S

Brown Harris Realty SETTLEMENT SETTLEMENT 703. Commission paid at settlement 326,250.00 704. 800. ITEMS PAYABLE IN CONNECTION WITH LOAN:

802. Your credit or charge (points) for the specific interest rate chosen (from GFE # 1)

803. Your adjusted origination charges (from GFE A)

807. Flood certification to (from GFE # 3) 808. 809. 810. 811. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE: 901. Daily interest charges from 10/18/2024 to 11/1/2024 (14 days) @ \$0.0000/day (from GFE # 10) 902. Mortgage insurance premium for (from GFE # 3) 903. Homeowner's insurance for to (from GFE # 11) 904. 905. 906. 1000. RESERVES DEPOSITED WITH LENDER: 1001. Initial deposit for your escrow account (from GFE # 9)

1005. 1006. 1007. 1008. Aggregate Accounting Adjustment \$0.00 1009. 1100. TITLE CHARGES: 1101. Title services and lender's title insurance (from GFE # 4) 10,865.00 1102. Settlement or closing fee to DMOC \$10,120.00 1103. Owner's title insurance to FATIC (from GFE # 5) 23,037.00

1107. Agent's portion of the total title insurance premium to 1108. Underwriter's portion of the total title insurance premium to

1200. GOVERNMENT RECORDING AND TRANSFER CHARGES: 1201. Government recording charges (from GFE # 7) 154.00 310.00 1202.

1206. Stamford Town Clerk - Local Conveyance \$88.81 88.81 1207. Greenwich Town Clerk - Local Conveyance Tax \$18,061.56 18,061.56 1300. ADDITIONAL SETTLEMENT CHARGES: 1301. Required services that you can shop for (from GFE # 6) 1302. 1303. 1304. 1305.

(enter on Line 103, Section J and line 502, Section K) \$34,056.00 \$478,835.38 B=borrower S=seller L=lender R=broker I=investor O=other POC=paid outside closing by Case 22-50073 Doc 3743 Filed 10/22/24 Entered 10/22/24 16:37:53 Page 6 of 7

800. ITEMS PAYABLE IN CONNECTION WITH LOAN:

1100. TITLE CHARGES: 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES: 1208. Commissioner of Rev. Svcs - State Conveyance Tax (Gwich) \$133,655.57 133,655.57 1209. Commissioner of Rev. Svcs - State Conveyance Tax (Stamford) \$469.44 469.44 1300. ADDITIONAL SETTLEMENT CHARGES:

NAME AND ADDRESS OF LENDER: PROPERTY LOCATION:

Loan No: NAME AND ADDRESS OF BORROWER: NAME AND ADDRESS OF SELLER:

CT Luc A. Despins, as Chapter 11 Trustee of Estate of Ho Wan Kwok

I have carefuly reviewed the HD-1 Settlement, and, to the best of my knowledge and belief, it is a tue and accurate statements of all receipts and disbusements made on my account of by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement (Pages 1, 2 and 3).

Borrower: DECOTH C Seller: