Luzhou Old Cellar was exposed to 600 million guarantee loans to the State cellar 1573 insured

According to the Beijing Business news, recently, Luzhou, the State cellar 1573 insured news caused by the industry concern, from the people know that the limited insured is not Luzhou old cellar for the rescue of 1573 of the rise of the country, the core reason is due to the old cellar into the loan of 600 million yuan buy back dealer inventory of the mortgage loan mire, Once the price of its products, it will be luzhou old cellar unbearable weight. Why do Luzhou old cellar to reverse the city insured? Industry insiders said that Luzhou old cellar insured mainly from the company last year a paper repurchase agreement. According to the industry, the 2012 high-end liquor market after the cold, Luzhou old cellar dealer inventory pressure, cash turnover weakness, some dealers to ease the pressure of low-cost parabolic, including the National cellar 1573 high-end product channels, terminal prices down, the market confidence is facing collapse. To this end, 2012 9-November, Luzhou old cellar in order to "clean up the chain of goods, rectify the market" in the name, from the hands of the national dealer "recycling" 100,000 pieces of 1573 products. According to the agreement, Luzhou Old Cellar three years later return the product to the dealer, and promised the product after three years of appreciation return to the dealer all, if the depreciation is made up by Luzhou old cellar, this approach is tantamount to introducing bank funds disguised as the high-end liquor tray, to keep its price. At that time, there was an analysis of the industry, for Luzhou, this is more like a forced gambling. It is reported that the source of the repurchase is the bank guarantee loans-Luzhou old cellar to the dealers to provide security, by the dealer from the bank loans, loan funds and then lent to the Luzhou old cellar for repo 1573 products, loan time of three years, three years of interest by the dealer to pay. "If the price of the product, then not only Luzhou old cellar to the distributor to make up the difference, and at the same time, after the price of the mortgage valuation is also shrinking, the bank may also require Luzhou old cellar collateral." Therefore, Luzhou can not face the state cellar 1573 price decline, in the past to protect wine prices do not fall to the bank to buy back the dealer's stock of the Rescue act, has evolved into a hold-up Luzhou old cellar and 1573 of the shackles of the national cellar. said the person. He analyzed, "when Luzhou decided to buy back stable market confidence, liquor industry is only affected by the plastic agent storm." And to its surprise, later on the ' Prohibition ' to make the liquor industry worse, this may be Luzhou old cellar did not anticipate, otherwise there will be no such paper repurchase agreement signed.