Deep funds mire big shareholder difficult to save St Jin Tai?

Source: Internet
Author: User
Keywords Shareholder meeting Jintai new Henderson
The introduction of Bain Capital Gome has maintained the identity of the big shareholder of Huang Guangyu, but the market has recognized Gome's once again set sail. Since then, Gome has gained more than 60% of its share price.  At the same time, however, Hugang brother Junqin's new Henderson-holding St Kim is not only looking at any glimmers of restructuring, but is sinking deeper into the mire of funds. This year, a number of banks sued St Kim to repay the loans and interest, so that it has repeatedly to the big shareholder new Henderson "borrow the old money". However, at the shareholder meeting on June 29, St. Kim Tai-Wang Hui said that the major shareholders with the security responsibility of this part of the loan has been basically paid off, other no major shareholder guarantee of bank loans currently there is no other way to solve.  St Kim Tae-Xu Shunshun also said that the original chairman of Junqin since the police investigation last November, the company has never contacted his or her family, the company's operation has been completely without yellow participation.  Deep in the fund quagmire, once the helm of the chairman of the future is unknown, St. As early as March, St. Jin-Tai is the announcement, because ICBC Jinan Hi-tech Sub-branch of the dispute, the company received the 4th largest shareholder new Henderson Real Estate (the company's major shareholder of the new Henderson Investment Company's affiliated companies) transferred to the "Civil Award",  decided to sell the new Henderson Real Estate holdings of the company unlimited sales of 2.8472 million shares, the sale of funds deducted to the High court in Shandong province designated account.  Then, St. Kim also said that, received the "Notice of Action" in Taian, the Bank of Communications, Taian branch of the loan principal and interest of 20.3965 million yuan; as well as the "civil adjudication" of Jinan Chinese Academy of Law requires the freezing St Jintai and the new Henderson Property Bank deposit 24 million yuan or seizure, seizure of the corresponding value of property.  Among them, the new Henderson property is because of security and involved in the loan dispute, and these guarantees, are junqin in the year after the St Jin-Tai, to St Kim's debt restructuring important steps. "Since Junqin was investigated by the police last November, we have not contacted him any more, and the company is currently working in accordance with the rules of the original board of directors."  "Xu Shunshun said. In the case of Kim Tae-jin, the big shareholder, the new Henderson, also had to lend money to help repay the loan. At present, St Jintai has to the major shareholder new Henderson loan 21.8534 million yuan, to help repay the loan. But will big shareholders be able to reach out indefinitely? St. Kim Tai-Wang Hui said: "The security responsibility of this part of the loan is almost gone, other parts of the loan now seems to have no way." "It is understood that the current St. Kim's only operating work is the Jinan Henderson pharmaceutical company through the sales agent is gradually recovering its drug production and operation, but the turnover is still low, the net profit is still a loss; other jobs have been completely stalled, workers are idle, Even the local managers in Jinan have only a "gatekeeper" role. St Kim Thai insiders also said the sharesEast Congress is taking into account the reaction of local workers from Jinan to move to the location of major shareholders in Beijing.
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