Flame retardant fabric_Flame retardant fabric_Cotton flame retardant fabric_Flame retardant fabric information platform Flame-retardant Fabric News Adding insult to injury! The shares were foreclosed on many times, and 92.07 million was imposed, and the net profit fell sharply in the first half of the year.

Adding insult to injury! The shares were foreclosed on many times, and 92.07 million was imposed, and the net profit fell sharply in the first half of the year.



According to news on August 9, entities such as Guirenniao Co., Ltd. (hereinafter referred to as “Guirenniao”) have recently added information on persons subject to exe…

According to news on August 9, entities such as Guirenniao Co., Ltd. (hereinafter referred to as “Guirenniao”) have recently added information on persons subject to execution, with an execution target of 92.0712 million yuan.

Tianyancha shows that the related case Guireniao is being executed this time is a financial loan contract dispute case. The plaintiff is the Ningbo Branch of Huishang Bank Co., Ltd., and the defendants are Guireniao, Hubei Jiezhixing Sports Industry Development Co., Ltd., and Hubei Shengdao Sports. Products Co., Ltd., Jingzhou Jie Zhixing Sports Products Co., Ltd., Wang Li, Qiu Xiaojie. The above-mentioned defendants, like Guirenniao, both added a new execution target of 92.0712 million yuan on August 8. The execution court is the People’s Court of Yinzhou District, Ningbo City, Zhejiang Province.

Public information shows that Guirenniao was founded in 1987 and is a comprehensive enterprise integrating the research and development, production and marketing of sports shoes, clothing and ancillary products. In 2014, Guirenniao was listed as the “first sports brand stock” and became the first listed sporting goods company in China. In May of that year, Guirenniao created the highest stock price in the company’s history of 65.46 yuan per share. At its peak, the total market value exceeded 40 billion yuan. The founder Lin Tianfu’s net worth has also increased. With a net worth of 19 billion yuan, he became the richest man in Quanzhou at the time.

The shares were auctioned many times, and the net profit in the first half of the year dropped sharply.

In July 2021, Guireniao completed its reorganization. Guireniao Group’s shareholding ratio was passively diluted from 66.20% to 26.48%. Taifu Jingu, which is mainly engaged in grain trade, acquired 20.36% of the shares with an investment of 417 million yuan, becoming Guireniao’s second largest shareholder. Although the reorganization is completed, Guireniao Group still faces the risk of continued passive dilution of its shareholding ratio.

Sure enough, on the evening of July 25 this year, Guireniao announced that the company’s original controlling shareholder Guireniao Group (Hong Kong) Co., Ltd. had passively reduced its shares in the company due to the implementation of the court ruling. This change in equity will lead to changes in the company’s controlling shareholder and actual controller.

As the equity judicial auction proceeds, founder Lin Tianfu gradually loses actual control over the listed company. After the change, Guireniao Group and its peers hold a total of 258 million shares of the company, accounting for 16.45% of the total share capital of the listed company. The former second largest shareholder, Taifu Jingu, holds 320 million shares of the company, accounting for 20.36% of the company’s total share capital, passively becoming the company’s largest shareholder. As Lin Tianfu and Guireniao, which he founded, gradually drifted away, his net worth also shrank to about 1 billion yuan.

In addition, after the ownership of 31.4 million unrestricted tradable shares of the listed company held by Guireniao Group and the corresponding other rights were auctioned, the proportion of the company’s equity held by Guireniao Group further dropped to 14.41%.

The semi-annual performance loss announcement recently disclosed by Guireniao shows that in the first half of 2022, Guireniao is expected to achieve a net profit attributable to its parent company of -19.8 million yuan to -14.4 million yuan, a year-on-year decrease of 103.75% to 105.16%. Guirenniao explained that the main business location of the Guirenniao brand is Jinjiang City, Quanzhou, Fujian. The company’s wholly-owned subsidiary Shanghai Michenglai Trading Co., Ltd. is located in Shanghai. During the reporting period, due to the epidemic, the company’s order production, delivery and operation dispatch, as well as the subsidiary grain The development of trading business has been greatly affected.
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