According to yesterday's (November 7) big V "Shanshi Finance" microblogging news, the young peasant farming and animal husbandry (002477, SZ) based on the actual situation of debt default, the issuer proposed two solutions to investors on November 3: One solution is to use inventory to pay, you can use the subsidiary's inventory including gift box series, ham series, wine series, etc., the reimbursement price is calculated at 85% of the retail price; the principal is paid monthly for 10 years.
Yesterday evening, the reporter called the young eagle husband and animal husbandry secretary Wu Yi to verify the authenticity, which said that whether it is true is verified, the next day (November 8) can be determined.
Today (November 8), the reporter of "Daily Economic News" once again called Wu Yide. He said: "Only after the meeting, there is only one agreement (in-kind debt), which involves about 21.11 million yuan. This agreement is still Yesterday was signed." It is understood that the creditor who reached the agreement this time is a financial institution.
In addition, Wu Yide told reporters that there is a lot of intention to creditors, but there is no formal agreement. "Our company's plan still uses cash to repay the principal, and the real thing only involves interest." Wu Yide repeatedly stressed to reporters, The repayment of debts in kind is definitely the product sold by the company, not pigs, semi-finished products and the like.
Under the impact of "African Hog", the young eagle with the first stock of pigs is uneasy.
On November 8th, the Beijing News reporter learned that due to a debt involving the “Zhongzhi Department” Zhongrong Trust, the young eagle farming and animal husbandry was listed as Lao Lai by the court. Just yesterday, the young eagle farming and animal husbandry was also exposed to the "meat compensation" incident after the breach of contract.
Up to now, the young eagle farming and animal husbandry has not issued an announcement on this. On the morning of November 8, the young peasant husbandry and animal husbandry related person confirmed to the Beijing News reporter that the debt overdue announcement had been issued before, and there was no announcement that the person was found to be untrustworthy. "The announcement has not yet been sent to this notice."
The Beijing News reporter noted that the China Executive Information Platform of the Young Eagle Farming and Animal Husbandry Group Co., Ltd. has added a new information on the implementation of the untrustworthy executor (commonly known as Lao Lai). The enforcement court is the Shenzhen Intermediate People's Court, and the execution number is (2018). ) Beijing Fangzhizi No. 0177, filed on August 10, 2018, the case number is (2018) Yue 03, No. 1694, and the execution unit is Beijing Fangyuan Notary Office, and the executed person “all failed” "There is no justifiable reason to refuse to implement the settlement agreement", the release date is October 10, 2018.
The enterprise credit information inquiry tool "enterprise check" shows that the unified social credit code of the young eagle farming and animal husbandry group company is 914101007492377718, and the legal representative is Hou Jianfang, which means that it is the listed company's young eagle farming animal husbandry.
The above-mentioned untrustworthy person is shown by the executor's entry. According to the application of Zhongrong Trust Company, the executive certificate is issued according to the regulations: 1. The executed person: Young Eagle Farming and Animal Husbandry Group Co., Ltd., Hou Jianfang, Li Junying. 2. Execution target: 1. The principal of the loan owed by the young eagle farming and animal husbandry group company is RMB 150 million. 2. As of July 9, 2018, the young peasant farming and animal husbandry group company owed a penalty of RMB 917,465.75. 3. Young Eagle Farming and Animal Husbandry Group Co., Ltd. pays the penalty interest corresponding to the date of the actual settlement of the debt from July 9, 2018. 4. The fees paid for the realization of the above claims, including but not limited to the notary fees of RMB 370,000, attorney fees, execution fees, legal fees, evaluation fees, auction fees, etc. 5. Hou Jianfang assumes joint guarantee responsibility for related debts. 3. Available property: 1. All property of the young eagle farming and animal husbandry group company. 2, Hou Jianfang and Li Junying's entire property; As an important member of the Zhongzhi Department, Zhongrong Trust is strong, and it is also one of the biggest creditors of the young eagle farming and animal husbandry.
On November 8, the Beijing News reporter received a copy of the young peas farmer's bank from the Shanghai Clearing House. As of the end of September 2017, the company's bank credit list shows that as of the end of September 2017, the company has obtained a comprehensive credit line of 78.54. 100 million yuan, of which the unused amount is 2.286 billion yuan.
Among them, Zhongrong Trust has a credit line of 1.02 billion yuan and has used 520 million yuan.
According to reports, the Young Eagle Farming and Animal Husbandry Group Co., Ltd. was founded in 1988, listed in September 2010 (stock code: 002477), and was praised by the industry as “the first stock of Chinese pigs”, which has developed into a grain trade. Modern large-scale enterprise group of complete industrial chain system such as feed production, improved breeding, pig breeding, slaughtering and processing, cold chain logistics, terminal sales, and online business.
However, the current young eagle farming is not easy.
On November 5th, the young peasant agriculture and animal husbandry announced that "18 young eagle farming and animal husbandry SCP001" should pay the principal and interest on November 5, as of the redemption date, the company failed to raise sufficient debt repayment funds according to the agreement, "18 eagle farming and animal husbandry SCP001" was not paid in full and on time.
According to the blockade and embargo of the “African swine fever” epidemic area, the sales price and quantity of the company's live pigs are lower than expected, which has a greater impact on the company's profitability; affected by financial policies and other factors, The company's liquidity situation has not been significantly improved, and there have been many major unfavorable issues such as the failure to repay debts, the seizure of assets, and the continuous downward adjustment of ratings. The company's cash flow is tight, which makes it impossible for the company to pay "18 eagle on time and in full." Farming and animal husbandry SCP001" pays the principal and interest.
Since then, the market has heard that the company has proposed two solutions to investors: the first one is to use inventory reimbursement, including gift box series, ham series, wine series, etc., which is considered to be an A-share listed company. The first breach of contract "meat compensation" incident. Later, the young eagle peasant husbandry responded that it was being verified.
For the so-called "meat compensation" incident, the young peasant farming and animal husbandry officials told the Beijing News reporter on November 8th that they would not comment.
On November 6, the young peasant husbandry and animal husbandry announced that the long-term credit rating of the company was lowered to C, and the credit rating of the “14 eagle debt” debt was adjusted to C, which may have certain adverse effects on the company's future financing.
Young Eagle Agriculture and Animal Husband said that the company is currently accelerating the financing of funds through internal and external aspects. The measures currently taken include but are not limited to: actively communicating with financial institutions, not pressing loans, not lending, and timely continuation of maturity loans. The company speeded up the sale of inventory, actively disposed of assets, supplemented the company's cash flow; the government intervened to guide and assist.
The young eagle farming and animal husbandry stressed that the company will negotiate a proper debt settlement with the holders of the "18 eagle peasant husbandry SCP001" and complete the final plan as soon as possible. At present, the company has reached a consensus with some bondholders, and the company will promote implementation as soon as possible. (Source: Beijing News)
(Article source: Daily Economic News)