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* ST has issued an announcement that it has identified the intended investor. The announcement shows that after the reorganization and acceptance, the manager (the liquidation team of Giant Automobile Trade Group Co., Ltd.) combined with the actual situation of the huge group, searched and approached by many parties. Shenzhen Shenshang Holdings Group Co., Ltd. (hereinafter referred to as "Shenzhen Shang Holdings"), Shenzhen Yuanwei Asset Management Co., Ltd. (hereinafter referred to as "Yuanwei assets") and Shenzhen National Transportation Technology Group Co., Ltd. (hereinafter referred to as "National Transport capacity"). The consortium, which will be the intended investor of the huge group, will participate in this restructuring. At the same time, the actual control of the huge group.
On May 23, * ST announced that the shares of Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "the Company") closed at 0.44 yuan per share on May 22nd, which has closed below RMB 1 for 18 consecutive trading days. Even if it goes up by the limit for the next two trading days, there will be 20 consecutive stock prices.
The manager of the giant group has officially started the declaration, registration and review of creditor's rights. as of October 18, 2019, the first creditor meeting will be held in the national enterprise bankruptcy reorganization button information network in the form of a network meeting on October 25, 2019. According to the previous announcement issued by the huge group, Shenzhen Shenshang holding Group Co., Ltd., Shenzhen Yuanwei Asset Management Co., Ltd. and Shenzhen National Transport Technology Group Co., Ltd. formed a consortium to increase the holding of shares in the huge group within 90 days from the date of the announcement, the amount of increase is between 300 million yuan and 400 million yuan, but the number of shares is not higher than that of the company.
As a result of the court ruling to accept the restructuring, Giant Group shares were suspended for one day on September 6, September 9 was implemented delisting risk warning, the stock "wearing a hat" changed to * ST huge. On the first day of the resumption of trading, * ST opened a huge market, with 2.7 million running singles, which was hit into an one-word limit. As of press time, the stock fell 4.62%, 1.24 yuan per share, 4.686 million running orders, and the latest market capitalization was 8.28 billion yuan. According to previous reports, the giant group borrowed 17 million yuan from Beijing Jidongfeng in May this year, but it was eventually appealed to the court by Beijing Jidongfeng to restructure the era because it was unable to repay it within the time limit. September fifth.
The net exposed: the car dealer group, a huge group, has submitted an application for "bankruptcy reorganization" on May 17 this year and is currently waiting for court approval. Subsequently, Pang Qinghua (chairman of the giant group) also confirmed this in an interview with the media, but at the same time, Pang Qinghua also stressed that the 'bankruptcy reorganization' was initiated by Jidongfeng Company, a creditor of the giant group (Beijing Jidongfeng Automobile sales and Service Co., Ltd.) and was not applied by the giant group on its own initiative. On May 14th the giant group issued an announcement called "indicative announcement on the application for restructuring by creditors". The announcement shows that due to the huge group and 20.
After three months, the restructuring plan of the huge group has finally been finalized! On December 11, Giant Group announced that the Intermediate people's Court of Tangshan City, Hebei Province approved the "reorganization Plan of Giant Automobile Trade Group Co., Ltd." and terminated the reorganization process of Giant Automobile Trade Group Co., Ltd., and officially entered the stage of reorganization implementation. According to a 38-page restructuring plan, the total book assets of the giant group are 30.2 billion yuan. According to the market value method, the total evaluation value is 9.766 billion yuan. According to the liquidation value method, the total evaluation value is 5.017 billion yuan. Have applied.
With the car market in the doldrums and poor management, the former giant group of car dealers in China has driven itself to a corner because of a debt of 17 million yuan. On the evening of September 5, the giant group issued two announcements in succession, which showed that the court had decided to accept the application for restructuring of the giant group and would implement the delisting risk warning. Giant Group shares will be delisted risk warning on September 9, the short name of the stock will be changed to "* ST huge", and the daily rise or fall of stock prices will be limited to 5%. Giant Group shares will be suspended for one day on September 6 and resume trading on September 9. The large group also reminded investors in the announcement that if the company is restructured.
Recently, there are media reports that the restructuring plan of the huge group has surfaced, led by the Shenzhen Commercial holding Group. In this regard, the huge group issued an announcement today to clarify. The giant group said that after verification by the company, the company has not taken the initiative to plan the reorganization, nor has it received any notice from the relevant departments about the restructuring, so there is no "restructuring party" in the media reports, let alone the leading subject. On May 31 this year, Beijing Jidongfeng Automobile sales and Service Co., Ltd., a wholly-owned subsidiary of the giant group, applied to the court for restructuring of the giant group as a creditor, but the giant group disclosed in the announcement that the current court.
On June 21, * ST announced that it had received a "decision on the termination of the listing of the shares of Giant Automobile Trade Group Co., Ltd." issued by the Shanghai Stock Exchange. The Shanghai Stock Exchange will delist the company's shares on June 30th, and the company's shares will be terminated and will not enter the delisting period of trading. Suspension of trading
Giant Automobile Trade Group Co., Ltd. disclosed its 2019 half-yearly report. In the first half of this year, the huge group's revenue and profits both declined, turning into a loss from the profit in the same period last year. Huge Group mainly engaged in automobile distribution and maintenance, maintenance business, belongs to the automobile distribution industry. The company sells models including passenger cars, minicars, commercial vehicles and so on. In the first half of this year, the giant group achieved operating income of 10.256 billion yuan, a decrease of 62.17% over the same period last year; the net profit belonging to shareholders of listed companies was about-1.199 billion yuan, down 563.66% compared with the same period last year.
On September 5, 2019, the giant group, once known as the "largest car dealer in China", issued two announcements, pointing out that the court had ruled to accept the reorganization application of the giant group and would implement the delisting risk warning. Subsequently, the huge group was restructured, and Pang Qinghua, the founder and former controlling shareholder of the company, went to San.
On May 19th, * ST issued an announcement that Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "Giant Group") received the announcement of the second Department of Management of listed companies of the Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") on the repurchase of shares of Giant Automobile Trade Group Co., Ltd.
Recently, according to a notice issued by the huge Group on receiving the notice of the auction of the shares of the original controlling shareholder, it said it had received a notice from the Beijing No. 3 Intermediate people's Court. Guokai Securities Co., Ltd. and Pang Qinghua, Tangshan Jidong material Trade Group Co., Ltd., Beijing No. 3 Intermediate people's Court
On May 27th, * ST announced that Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "the company") received the notice of filing a case of China Securities Regulatory Commission (CSRC) issued by China Securities Regulatory Commission (CSRC) on May 26, 2023 (serial number: CSRC filing word).
The giant group was founded on March 3, 2003. in 2010, the company was the largest car dealer in China. According to data, it has 1035 outlets in Mongolia, including 834 specialty stores, 134 car supermarkets and 69 shopping malls. However, the country's largest car dealer has now filed for bankruptcy and restructuring because it cannot afford to repay 17 million yuan of debt, with a shrinking market capitalization, a volatile company and huge profit losses. In May this year, the huge group borrowed 17 million yuan from Beijing Jidongfeng, which was finally appealed by Beijing Jidongfeng because it was unable to repay it within the time limit.
On the evening of February 2, the giant group announced its earnings forecast for 2019, which showed that the company is expected to have a net profit of 100 million yuan to 150 million yuan attributable to shareholders of listed companies in 2019, compared with-6.1554102 billion yuan for shareholders of listed companies in the same period of 2018. It is worth noting that the net profit after deducting non-recurrent profit is-4.25 billion yuan to-4.2 billion yuan, while the net profit after deducting non-recurrent profit and loss in the same period last year is-6.8411909 billion yuan. For the business situation in 2019,.
A huge group used to be really big. It was once called "the largest car dealer in China" with a market capitalization of more than 60 billion yuan. In 2018, the performance of the giant group fell off a cliff, with a net profit loss of more than 6.1 billion yuan and a non-net profit loss of 6.8 billion yuan. Now, huge and serious, selling assets, defaulting on taxes and employees' wages, and founder shares have been frozen. Even face the risk of delisting. On the evening of September 5, the giant group disclosed two announcements, which showed that the court had decided to accept the application for restructuring of the giant group and would implement the delisting risk warning. Large group shares will be delisted on September 9 risk warning, shares.
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In 2019, the entire automobile industry is very impetuous, new car sales continue to decline, some car companies have been marginalized, upstream and downstream supplier industry chain has been affected, even 4S stores are complaining that they are not making money. In such an environment, the huge Auto Trade Group, one of the top ten dealer groups in China in the past, fell into the current situation of bankruptcy restructuring and debt crisis, of which the debt may be as high as 24.7 billion yuan. The giant group announced that the Intermediate people's Court of Tangshan City, Hebei Province had ruled to accept the creditor Beijing Jidongfeng Automobile sales and Service Co., Ltd. for the restructuring of the giant group, and designated the liquidation group of Giant Automobile Trade Group Co., Ltd. as Pang.
The giant group, once hailed as "China's largest car dealer", has released a series of warnings to the outside world that its shares may be terminated. From May 11 to May 13, the giant group issued a number of risk warning announcements that the listing of shares may be terminated.
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