Affected agricultural products "blood loss" 71.07 million

Source: Internet
Author: User
Keywords Agricultural
Agricultural products (000061) announced that, due to the Shenzhen residents run agricultural products distribution chain Business limited to provide loan guarantees, and the company has not fulfilled the repayment obligation, the relevant bank recently deducted the company account 136 million yuan, the company's 2010 profit and loss impact-71.07 million yuan. Agricultural products, the company for the run company to provide loans to guarantee 130 million yuan, and run the company has not yet fulfilled the obligation to repay. A few days ago, two creditor's bank total deducted the company account 136.07 million yuan.  As a result of the 2009 annual production of agricultural products in accordance with the 50% per cent of the above loan guarantee to the estimated liabilities of 65 million yuan, the deduction of the company's 2010 annual profit and loss of the impact of about 71.07 million yuan. It is reported that the company's wholly-owned agricultural products subsidiary, due to mismanagement, since the beginning of 2004 sustained losses; November 2005, through the introduction of foreign shareholders to the civilian run to increase capital and share, the proportion of agricultural products shareholding fell to 47.76%; January 2007, agricultural products have been seeking to completely transfer the remaining 47.76% Equity, but has been unsuccessful.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.