On April 2, the manager of Guireniao Co., Ltd. issued an announcement announcing that it had signed a restructuring investment agreement with Heilongjiang Taifu Jingu Network Technology Co., Ltd. and other investors on April 1.
Among them, Taifu Jingu will acquire no less than 320 million Guirenniao A shares for 417 million yuan.
On March 29, the 14th day after the announcement of “Recruitment and Selection of Reorganization Investors”, the domestic sports brand Guireniao welcomed the only one who successfully signed up. Investors interested in restructuring.
In recent years, Guirenniao, the “number one sports brand stock”, has fallen into debt trouble. As of June 30, 2020, the total overdue bond principal of Guirenniao was 1.147 billion yuan, and the loan principal balance of 1.41 billion yuan in various banks was all overdue. In August 2020, Guirenniao was finally applied for reorganization by its creditors due to its inability to pay off its due debts and its obvious lack of solvency.
According to the announcement, Guirenniao will use the existing total share capital as the basis and transfer every 10 shares. The capital reserve will be converted into shares at a ratio of approximately 15 shares, and a total of 943 million shares can be converted into shares. Among them, 540 million shares are used to conditionally introduce restructuring investors, who will receive the shares on conditions such as payment of cash consideration. The remaining 403 million shares will be used to pay off Guirenniao’s debts.
The manager of Guirenniao stated that after the transfer is completed according to the above plan, the absolute number of company shares held by Guirenniao investors will be There will be no reduction due to this restructuring. After the reorganization is completed, Guirenniao’s fundamentals will fundamentally improve, and its ability to continue operating and profitability will gradually be restored, and it will return to a healthy development track.
During the recruitment period for restructuring investors, Taifu Jingu became the only applicant and planned to acquire Guireniao shares for 417 million yuan. No less than 320 million shares. In addition, Gao Rui, Zhang Lili, Yin Lili and Zou Weizhong participated in the restructuring investment. The above four people will obtain no less than 220 million shares of Guireniao stock for a total of 287 million yuan.
According to data, Taifu Jingu was established in 2019 and mainly operates Nongda.com. It is the third largest company in the grain trade and circulation industry. Three-party supply chain service platform.
Who is Taifu Jingu?
Tianyancha shows that Heilongjiang Taifu Jingu Network Technology Co., Ltd. was established in November 2019, and its legal representative is Li Zhihua. There are not many publicity reports about “Taifu Jingu” on the Internet.
Why would this company, whose registered address is in Qiqihar City, Heilongjiang Province, take over the Fujian Guireniao Company, which is thousands of miles away?
Times Finance found that Li Zhihua, Wang Hongtao, and Wang Hongjun, three shareholders of Taifu Golden Valley, hold 80%, 10%, and 10% of the company’s shares respectively.
It is worth noting that on March 5 this year, which is the eve of Guirenniao’s announcement of public recruitment and selection of restructuring investors, the business scope of Taifu Golden Valley was within the original On the basis of “software development, prepackaged food, bulk food wholesale, retail and Internet sales, grain procurement”, “agricultural machinery and equipment, steel, building materials wholesale and retail, agricultural science and technology research services, agricultural technology extension services, grain Acquisition, sales, warehousing, car rental” and other businesses.
At the same time, Taifu Jingu also increased its registered capital from the previous 20 million yuan to 520 million yuan, adding two new key personnel, Li Zhihua and Wang Hongtao. Wang Hongjun, who was originally the legal person of the company, also withdrew from the registration of senior management personnel on this day.
Tianyancha shows that Li Zhihua, the current actual controller of Taifu Jingu, has worked for 15 companies and served as the legal representative of 7 companies. Times Finance found that four of the companies that are still operating are pointing to the “Hemei Group”.
Official information shows that Qiqihar Hemei Group was established in 2011 with a registered capital of 1.2 billion yuan and total assets of 2 billion yuan. The business covers order farming, grain deep processing, fine soybean oil deep processing, grain trade, finance, financing guarantee, warehousing and logistics, grain supervision services, grain trade big data platform, hotel management and commercial real estate, etc.
Heilongjiang Hemei Taifu Agricultural Development Co., Ltd., the core enterprise of Hemei Group, mainly engages in five major businesses: rice sales, grain trade, warehousing and processing, grain supply chain platform and order-based rural cooperative medical care. “Jinhe Rice” is its main brand, and Li Zhihua, Wang Hongtao and Wang Hongjun are also important members of the company.
Li Zhihua serves as the chairman and is the actual controller and ultimate beneficiary. The shareholding ratio is 30% and the ultimate beneficial share is 70%. At this point, Li Zhihua and Hemei Group, the important decision-makers behind the restructuring investment Guirenniao, have surfaced.
Times Finance found that whether it is Taifu Jingu or Hemei Taifu, their main business has no obvious connection with Guirenniao’s clothing production and retail. </p
