At the end of 2006, the "Hebei Guarantee Circle" black hole broke out, and many listed companies in Hebei, including *ST Baoshuo (600 155 quotation, stock bar), *ST Canghua (600722 quotation, stock bar) and S Gong Xuan, had to seek redemption through bankruptcy reorganization. A year later, S Gong Xuan obtained the limited management right of holding state-owned assets in Hebei Province.
The second point of view is that the bankruptcy reorganization of ST Canghua has almost unveiled the final veil.
"165438+1October 2 1 *ST Canghua" announcement: the company has entered the reorganization procedure. Because the restructuring process involves major issues such as corporate debt adjustment and strategic restructuring, and there are many uncertain factors in the restructuring process, it may have a significant impact on the company. The company applied for shares from June165438+1October 265438+.
65438+February 25th Report: The long-delayed bankruptcy reorganization of *ST Canghua seems to have unveiled the final veil. The controlling stake of the company falls into the hands of Jinniu Energy (000937 market, stock bar), which indicates that the long-awaited *ST Cang Hua will enter a new era. In the recent auction, Jinniu Energy offered the highest bid, which was 70 million yuan. Obtained 65,438+027,654,800 shares of *ST Canghua held by Canghua Group (accounting for 30.29% of the total share capital) ... Hangang (60000 1) Group, which participated in the auction on the same stage, left silently. (shanghai securities news)
The third point is debt restructuring. "Canghua took a risky move, which forced him to finalize strategic investors as soon as possible and complete bankruptcy and reorganization," said a senior official of *ST Baoshuo. In contrast, although Bao Shuo has been busy with bankruptcy and reorganization, he has not applied for reorganization at present, which has won him time. (2 1 Century Business Herald)
The fourth point is the financial report of the news media: "We are waiting for the judgment of fate-the judgment of the fate of companies and individuals". 10 10/22, an executive of *ST baoshuo (600 155) told reporters: "The key is whether there are suitable strategic investors to enter." Recently, our reporter learned that the reorganization of ST Baoshuo and ST Canghua is difficult to enter the track under the impetus of all parties.
Changing fate depends on potential strategic investors. Baoshuo Group, the major shareholder of ST Bao, was declared bankrupt by Baoding Intermediate People's Court at the end of May this year. How to deal with its 36% equity of listed companies has become the key to Baoshuo's restructuring. It is reported that Haohua Group, Hebei State-controlled Company and the winning bid group of private enterprises under Sinochem Group have contacted Baoshuo. "There is not much progress in the negotiations between these companies," said an executive of Baoshuo Co., Ltd., and there is not much contact with the winning group at present. The Hebei SASAC is arranged by the provincial SASAAC and is ready to go all out. Baoding SASAC prefers Haohua Group with the background of central enterprises.
According to the reporter's investigation, in addition to the three potential restructuring parties disclosed above, two other companies have had close contact with *ST Baoshuo, namely China Chemical New Materials Corporation under Sinochem Group and Chuanhua Group, which was the second shareholder of *ST Baoshuo. Chuanhua Group has Chuanhua shares (0020 10 quotation, stock bar) and Xin 'an shares (600596 quotation, stock bar). According to sources, Chuanhua expressed its intention to restructure in April this year and submitted its formal intention to the bankruptcy administrator in July. However, it has not received a reply since July. Although Baoshuo's management has a soft spot for Chuanhua Group, Chuanhua Group began to sell its tradable shares because it didn't get the manager's response.
The Hebei provincial government has set up a "Financial Risk Resolution Group", headed by a vice governor. "However, due to the' compartmentalization management' of state-owned assets, the two companies belong to local state-owned assets, so the role of Baoding Municipal Government and Cangzhou Municipal Government will be crucial." A person familiar with the relevant departments of Hebei Province said that the solution of "Hebei security circle" needs to unify thoughts and actions from the strategic level, but in practice, they must solve their own problems. (2 1 Century Business Herald)
IV. Announcement on clarification of listed companies: Recently, the company has not contacted China Haohua Chemical (Group) Corporation under China National Chemical Corporation, Hebei State-owned Investment Company under Hebei State-owned Assets Supervision and Administration Commission, the bid winning group, China Chemical New Materials Company under Sinochem Corporation and Chuanhua Group to discuss the reorganization. The above-mentioned enterprises have not conducted due diligence on the company, and the company has not signed any agreements and documents related to this reorganization with any of the above-mentioned enterprises. As of now, the company has not been confirmed. The equity of the Company held by Baoshuo Group has not been disposed of.
After the company entered bankruptcy proceedings, it had a great impact on the company's production and operation, and some subsidiaries were in a state of suspension of production. Up to now, the convening time of the second creditors' meeting of the company has not been determined, the debt negotiation between the company and creditors has not made any progress, the company has not made any progress in restructuring, and the company is facing the risk of bankruptcy and liquidation.