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    Home > Food News > Food Articles > Longda Meat received the attention letter from the Shenzhen Stock Exchange and transferred the equity of Zhonghe Shengjie...

    Longda Meat received the attention letter from the Shenzhen Stock Exchange and transferred the equity of Zhonghe Shengjie...

    • Last Update: 2021-12-04
    • Source: Internet
    • Author: User
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    On November 23, regarding Longda Meat’s plan to transfer 51% of its holding subsidiary Zhonghe Shengjie for RMB 29,962,500, the Shenzhen Stock Exchange issued a letter of concern requesting Longda Meat to provide Zhonghe Shengjie with an operating loan of hundreds of millions of yuan.


    Longda Meat intends to sell 29,962,500 yuan from his hands and Shengjie

    On November 12, Longda Meat announced that the company signed a transfer agreement with Shenzhen Shuohai and its controlling shareholder Zhonglan Electric, and planned to transfer the 51% equity of Zhonghe Shengjie to Shenzhen Shuohai for 29,962,500 yuan


    As of November 11, Longda Meat has provided Zhonghe Shengjie with an operating loan balance of 440 million yuan and a guarantee contract amount of 605 million yuan


    On November 23, the Shenzhen Stock Exchange issued a letter of concern to Longda Meat on the above-mentioned transfer, requesting that the company provided a large amount of operating loans and guarantees to Zhonghe Shengjie, and transferred its 51% equity interest in Zhonghe Shengjie.


    Counter-guarantee, repayment performance ability attracts attention

    At the same time, the ability of several companies to perform contracts on matters such as counter-guarantees and repayments has also attracted the attention of the Shenzhen Stock Exchange


    The Shenzhen Stock Exchange required Longda Meat to explain the follow-up effective measures taken by Zhonghe Shengjie to not increase the relevant loan amount, and whether the joint counter-guarantee obligations provided by Shenzhen Shuohai and Zhonglan Electric have sufficient performance capabilities


    The transfer agreement also mentioned that Zhonghe Shengjie shall deliver the original goods warehouse receipt equivalent to the above-mentioned loan and the total amount of interest to Longda Meat as a guarantee measure and all its sales within 5 working days from the effective date of this agreement.


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