Longxin department of 13 enterprises bankruptcy restructuring is selecting strategic investors

2022-07-20 0 By

Today (February 7) noon, chongqing bankruptcy court official number released the news: January 30, Chongqing Fifth court ruled to accept longxin Group Co., LTD., Longxin Holding Co., LTD., Chong Qing Longxin Investment Co., Ltd. and other 13 enterprises bankruptcy restructuring case.Longxin insider, who did not want to be named, told upstream news reporters that strategic investors have been selected as planned, and the relevant work is being advanced.Longxin Holdings (photo source: Chongqing Bankruptcy Court public number) today is the first trading day of the Year of the Tiger, although the first major shareholder Of Longxin Holdings Co., Ltd. bankruptcy restructuring, but Longxin General early trading high open high go not affected by its.Zhao Haihong, investment adviser of Hualong Securities, said longxin GENERAL Power was not included in the 13 companies under bankruptcy reorganization, which is a high-quality asset of the whole Longxin group.From today’s stock trend, is in line with basic expectations, investors do not need to worry too much.Longxin General Motors stock trend bankruptcy restructuring has selected strategic investors as planned at noon today, chongqing Bankruptcy Court public number released the news, January 30,Chongqing understanding court ruled respectively accept longcin group co., LTD., holding co., LTD., southeast ChongQingLongXin investment co., LTD., chongqing united industrial co., LTD., chongqing long constant hotel co., LTD., chongqing chongqing commercial industrial investment co., LTD., ChongQingLongXin mining investment co., LTD., chongqing institute of real estate development co., LTD., and nutrient-laden NaHong trade co., LTD., chongqing, chongqing business sceneBankruptcy and reorganization of 13 enterprises including Renewable Resources Development Co., LTD., Chongqing Changjiang Financial Holding Group Co., LTD., Yushang Investment Group Co., LTD., And Chongqing Yingchuan Industrial Co., LTD.Upstream news reporters noted that Longxin Holding Co., Ltd. is listed longxin General’s largest shareholder.Longxin General 2021 quarterly report shows that during the reporting period, the company achieved revenue of 9.335 billion yuan, a year-on-year growth of 30.62%;Among them, the export business income reached 6.268 billion yuan, up 39.18% year-on-year, and the domestic business income reached 3.067 billion yuan, up 16.04% year-on-year.Net profit attributable to the parent company was 711 million yuan, up 44.19% year on year;Net profit after deduction is 429 million yuan, down 5.50% year-on-year.Hualong Securities investment consultant Zhao Haihong told upstream news reporters:”From the general trends of today, southeast doesn’t seem to be affected by group on the surface of the message mood, today in early trading trend higher, the action and at one point after the closing on short-term ten – day moving average, although volumes have deficiencies, but it also make short-term 5 average bung up, changed the continuous adjustment of the situation before, so for the follow-up,I think the unit is expected to continue the shock of the upward rebound situation, investors can continue to hold short-term advice.”For the process of longxin bankruptcy restructuring, the company’s internal unnamed people told upstream news reporters that strategic investors have been selected as planned, the relevant restructuring work is also advancing.Longxin General Motors 2020 annual report shows that the company’s actual controller Tu Jianhua, born in April 1963, Chinese nationality, no overseas permanent residence right, from 2007 to June 2010 Longxin Holdings Limited chairman.He has been a director of Longxin Group Co., Ltd. and Longxin Holding Co., Ltd. since 2009. He has successively served as chairman of the Board and executive director of Qihe Environmental Protection Group Co., Ltd. since April 2015.According to Data from Tianyecha APP, tu Jianhua is the legal person of 19 enterprises, as of February 7, 2022, a total of 17 cancelled, the remaining two enterprises are listed companies Longxin General Power, Beijing Shengshi Hualong Management Consulting Co., LTD.There are a total of 30 companies in which Tu jianhua is a senior executive. As of February 7, 2022, 21 companies have been cancelled.On the judicial level, the upstream news reporters saw in the judgment documents that Tu Jianhua was issued a consumption restriction order by chongqing No. 5 Intermediate People’s Court on December 30, 2021 for failing to fulfill an execution sum of 32.12 million yuan.According to iFinD data, as of October 29, 2021, the number of shareholder households of Longxin General Was 45,913, an increase of 2,371 households year-on-year.Zhao Haihong, investment consultant of Hualong Securities, said: the bankruptcy reorganization of 13 longxin enterprises is a high-profile event for 45,000 investors in the secondary market, because Longxin Holding, the largest shareholder of Longxin GM, is also included in the bankruptcy reorganization.In my opinion, first of all, Longxin General Power is not included among the 13 companies that applied for bankruptcy reorganization of Longxin Group this time. Meanwhile, for the whole Longxin Group, its motorcycle and general machinery manufacturing have shown a steady growth trend in the past two years, so the listed companies can be regarded as the high-quality assets of the whole group.The group’s recent debt problems are mainly caused by the early expansion of multiple fields.Therefore, through the performance of the secondary market, we can also see that part of The A-share listed company Longxin General Motors did not have irrational events in the recent trend, which is also in line with basic expectations, investors do not need to worry too much.Upstream news reporter Feng Shengyong