S*st creditors exempt huge interest "shell"

Shell reorganization after the blow, S*st (000693) The actual control of Chen Jian is making a final effort. "Expected 51 ago," We will submit a reorganization application to the SFC, "Yesterday (April 18), S*st Wu Feng, who is in Beijing, told the Daily Economic news reporter," This is a desperate reorganization, the creditors are very supportive, the progress is progressing smoothly. " Nevertheless, S*st has been a big shareholder has been riddled with holes, and its huge guarantee black hole still unresolved, a deep set of 4 years of investors have a lot of criticism, the final restructuring plan can meet the "taste" of shareholders is still difficult to predict.　　Now, however, the creditors ' support for the restructuring has accelerated the rebirth of the only listed company in Sichuan that has not completed its share reform. Submit a reorganization petition before the festival for many s*st investors, restructuring has been waiting too long. With 2004-2006 consecutive three years of losses, the company, known as "the first in the network", was suspended on May 30, 2007, and many of its shareholders were so deeply involved. Subsequently, S*st has not given up the reorganization.　　Late last year, S*st announced the new reorganization of the party-Shaanxi Hua Ni-Co Metal Co., Ltd. (hereinafter referred to as "Hua Ni-cobalt"), and signed a reorganization framework agreement. S*st was scheduled to submit a reorganization application in January this year, but has been delayed for a variety of reasons. Yesterday, the body in Beijing, S*st Wu Feng told reporters, "We expect 51 before the CSRC will submit a reorganization application."　　He stressed that for the company, the restructuring is the most desperate, the creditors are very supportive, the progress is progressing smoothly. This seems to be glimpse from its annual report. S*ST's annual report released yesterday showed that last year the company realized operating income of 51.5134 million yuan, operating profit-70.7272 million yuan, to achieve a net profit of 4.9194 million yuan, attributable to the parent company's net profit of 6.6442 million yuan. S*st said that the reason for the reporting period of profit, mainly the company and the creditors reached an agreement to exempt the company's financial debt interest of 46.6917 million yuan.　　In addition, the company also continued to sell the "shell", has been sold in Beijing, Chengdu, Shenzhen and other cities in 289 hotels or hotels in the corresponding video-on-demand system assets and corresponding business market. Share reform at the same time, according to the company's annual report disclosed that as of last year, s*st net assets of 63.1676 million yuan, has been seriously insolvent. And quite by investors criticized is that, as of the end of last year, s*st external guarantee balance of up to 292 million yuan, of which the company for large shareholders and related parties to provide a guarantee amount of 286 million yuan. At present, these security challenges remain unresolved.　　At the same time, questions about whether major shareholders should pay for the bill are endless. Last year, the CSRC issued "administrative penalty decision" and "Market prohibition decision book" to S*st. Due to false disclosure of video business,Failure to disclose the relevant party's debt and debts and foreign guarantee three violations, S*st was fined 500,000 yuan, Chen Jian gave warning, and sentenced to 200,000 yuan fine, to other relevant personnel to give warning, and sentenced to 30,000 yuan to 50,000 yuan fine.　　At the same time, the CSRC has identified Chen Jian as a market-prohibited person and shall not be a listed company or senior managerial officer of a securities business organization for five years.　　By the end of last year, Chen Jian held S*st's equity stake of 20.3251 million shares, although the reform plan is unknown, but if this and the Hua Ni-Co restructuring success, Chen Jian held this part of the stake is valuable. It is noteworthy that S*st said, the company intends to combine the company's debt restructuring, asset restructuring and share-splitting reform to eliminate corporate or debt liabilities and reduce the burden of debts through debt restructuring and asset restructuring, while stripping the company of its bad assets and poor performance assets into good quality, profitable assets, Change the status quo of the company. As of the end of last year, S*st shares accounted for 69.61% of total equity. Responsible Editor: NF045