Article word counts: 4406, when reading, be brought up about 8 minutes
Author | Leisurely of beautiful cropland of aid of the first finance and economics
Happy inspecting those who dominate a field to lie between empty propaganda to the enemy at the front line always is abrupt making a person is prevented not as good as.
On August 21, in happy inspect a net (SZ.300104, be in harmony is achieved advocate after happy inspect a net next weighing " new happy inspect " , in order to show distinction) before releasing associated debt to solve progress, happy inspect blame appear on the market chief takes the lead in accepting media to interview related group of systematic debt processing, propaganda to the enemy at the front line says, happy inspect accuse already mixed new happy inspect reach plan of debt of 40 much countervail, the others ten ought not to the reveal all the details of its individual acceptance that Gu Yueting returns, but Gu Yueting acceptance is assumed by his individual.
Message one, share price immediately harden. New happy inspect hurriedly " clear " .
This is not first time new happy the message that inspects associated debt and share price " linkage " , also not be the item that Qing Dynasty and debt concern first time new Le Shicheng.
The personage inside course of study thinks, debt is remained new happy inspect the fetter that is immersed in management predicament. Comb the background that the happy debt that inspect a department forms,
It is Gu Yueting is decreased hold set now, violated loan commitment to take away happy the operation result that inspects a net; 2 it is many correlation trades, smoked company cash to flow; 3 it is to violate compasses assure, overdrew happy the prospective value that inspects a net.And be in harmony is achieved after becoming a shareholder, happy inspect a net to walk along predicament, with former the lack when becoming a shareholder fulfils his duty adequately to investigate not without the relation.
At present, although the happy share price that inspect a net has dropped to 2 yuan many, but the associated debt of arise suddenly solves evolutional message, immediately and those who reach a company is clear and of bourse ask ask, make share price general like duckweed fluctuation drift, not be 2 class market comes loose any more door people can hold.
Of idle fund " plaything "
New happy inspect at announcement of much share of a running fire of 21 days of evening, showed countervail debt specific progress, clear nonexistent solved 40 much, emphasize debt solving existence finally for many times a lot of uncertainty. However, happy inspect a net as before at the following day emersion harden board, round-the-clock clinch a deal 970 million yuan, 110 thousand hand seals odd harden dish, the rate that change a hand is amounted to 12.78% .
Dish hind hand in a data greatly to show, chair of occurrence idle fund of a list of names posted up of tiger of the happy dragon that inspect a net. Among them, two old chairs of Nanjing -- in business ministry of Jiang Dongzhong road of Nanjing of negotiable securities of money of business ministry of the road austral Zhongshan of Nanjing of peaceful negotiable securities, Hunan is aggregate be on before buying sheet of a list of names posted up two, aggregate buy about 77.81 million yuan completely; Two old chairs of Beijing -- in Wai Street of stable door of Beijing of negotiable securities of business ministry of ambitious road of Beijing of letter negotiable securities, Founder does business the ministry is aggregate buy about 40.32 million yuan. Reporter of the first finance and economics discovers, this year on April 17, of Beijing two large business department also ever " hand in hand " buy happy inspect a net, ascend dragon tiger a list of names posted up together.
And selling a chair to go up, shenzhen of Founder negotiable securities does business in highway of Guangzhou of negotiable securities of business ministry of happy scene road, China Xin business ministry of path of National People's Congress of ministry and Fu Qingfu of China Xin negotiable securities, 3 large business department borrows machine shipment,
From the beginning of the year since answer card, happy inspect a net already " login " Long Hu a list of names posted up 22, partner number also comes by the 186 thousand rapid growth before answer card in March 336 thousand of end, accumulative total changes hand rate to be as high as 240% . Although reach place greatly already in April, was opposite for many times in June the account that shares the happy hype that inspect a net took superintendency step, but still do not block idle fund to receive a baton by turns, the market has hearsay to be met " unkennel " .
This year on March 15, sun Hongbin demit assumes the happy president that inspect a net, subsequently the happy lot that inspect a net falls twice stop board, famous " bewitching specialist " -- chair of business ministry of He Lu of mansion of Xiamen of Hua Tai negotiable securities makes an appointment with 29.89 million yuan at was being bought on March 19, give about 33.68 million yuan at selling on March 20 again.
With nearly two days this harden is similar, this year on April 18, the happy exposure that inspect a net, tecent, Beijing east, the company below Su Ning banner will be noted endowment Le Rong is sent new (the name is at that time " new Le Shizhi " ) , subsequently two trade day, happy inspect a net to all seal dead harden. Make public information to show, come out in this message around, inside the happy a week that inspect a net show a list of names posted up of body dragon tiger 4 times, wai Street of stable door of Beijing of Founder negotiable securities is business ministry of road of north of Zhongshan of negotiable securities of business ministry, China peaceful, medium the chair of many business ministry such as branch of Shanghai of letter negotiable securities moves back and forth among them, the edge buys an edge to remove.
Although happy inspect a net deep-set debt is vortical, however the expression that a bit does not hamper its hear wind harden at every turn, once ox also make idle money " dally with " object.
Gu Yueting, countervail debt does not say not to drill solely
Be close to new happy inspected personage is right happy inspect the version that controls a so-called repay a debt to have veiled word quite, think happy inspect accuse " ten ought not to the liability that Gu Yueting assumes " the wording is not exact, all be originally " Gu Yueting times " owed debt.
One character shoulds not with respect to account. The new happy number that look a kind, with blame appear on the market the debt dimensions that group of systematic debt processing maintains jointly is made an appointment with 6.7 billion the left and right sides.
brushstroke, in new happy inspect in accusing share company Le Rong to send Xin Xiangle handkerchief to pay the equity of 97% to transfer a money, 1.37 billion yuan are used at quits blame to appear on the market the system is right appear on the market company system debt. Le Rong sends Xin Xiangle handkerchief to pay equity to transfer a money, the department buys a banner to fall to happy handkerchief happy inspect investment banking kind business, namely happy the platform principal part that looks finance -- happy inspect investment management (Beijing) limited company (next weighing: Happy inspect investment)
The 2nd, happy inspect an electron business affairs general and arrive easily total of related side debt is made over 170 million yuan at appearing on the market company system. New happy inspect subsidiary Le Rong to send it is new at the beginning of 2018, suffer with 92.9 million yuan price let happy the main asset that inspects electronic business affairs to manage -- happy inspect the property such as store and relevant resource, intellectual property.
The 3rd, with happy inspect accuse appear on the market to be not 550 million yuan of creditor's rights of systematic correlation company are made over at appearing on the market company, with appear on the market the company deals with 8-12 of this related company future year hire balance.
The 4th, judicatory auction is happy inspect the Le Rong that accuses a hold to send new 10% equity, sale gain is used at the people's livelihood fiducial 1.1 billion yuan of loan, touch at the same time decrease blame appear on the market system to appearing on the market the Le Rong below the system incurs new debt. But this auction job is undertaking in, final sale clinchs a deal amount still does not decide.
New happy inspect express, divide outside already disclosing information, not with blame appear on the market systematic correlation company reachs any countervail debt plans.
In new happy inspect look, afore-mentioned 4 already signed an agreement repay plan, be in the phase that signed an agreement only, can compensate how many debt finally, see specific plan carry out a circumstance even, amount of final countervail debt returns existence uncertainty.
The 1.37 billion amount that for instance brushstroke involves, need Le Rong to send above all new buy happy the progress that inspects investment is able to carry out smoothly; Even if is bought go well, see carry out makes progress suitably even not successful. New happy inspect say, buy after carrying out, le Rong sends new meeting to sell as soon as possible happy inspect the finance below investment division kind asset.
Will look with respect to the 4th, before this June, 11 companies and orgnaization plan to be sent to Le Rong in all add newly endowment 2.74 billion yuan when, le Rong is sent new most round appraise value is 9 billion yuan. With this data plan, happy inspect the Le Rong that accuses a hold to send new 10% equity value is controlled in 900 million yuan, unless auction earning to there is excessive price on this foundation, otherwise 10% equity auction a paragraph even not likely enough repays the people's livelihood is fiducial 1.1 billion loan. Touch decrease appear on the market the amount of debenture Wu is to be put in major uncertainty more.
On put together, in assume brushstroke is successful carry out and repay, below the circumstance that takes no account of the 4th auction to repay, estimation blame appears on the market the countervail debt amount that to appearing on the market the system determines quite is the system about 2.1 billion yuan.
Relevant report is said before this and this " repaid the debt problem of 263 million... up to now, blame appear on the market the as a way of that to appearing on the market respect of reimbursement of company associated debt already finished legal copy clerk produces the system amount of reimbursement of pay a debt in kind or by labour is 1.88 billion yuan... with happy inspect reached 40 repay more plan " information, go very far.
How should net assets do solely fortunately?
New happy inspect emphasize, afore-mentioned debt handle a plan, all be make over with creditor's rights, the means that asset deals with will offset debt, did not repay through cash means. Appear on the market the company was not solved because of debt obtain cash to flow into.
Cash, it is new happy the secret anguish that inspects be troubled Yu Huai. New happy inspect each recent action and state, all showing capital is dried up is the company manages the main difficult problem that face at present.
Before this new happy inspect half annals had a deficit beforehand 2018 1.1 billion, emphasize at the same time, because associated square debt brings about company capital to still cannot get settlement, existence of second half of the year lasts the likelihood of deficit.
To answer capital a dangerous situation, new happy inspect not hesitate to borrow money with high interest.
On August 9, le Rong is sent new with year of loan interest rate of 12% , happy to Chongqing inspect commerce to maintain put in order limited company loan 110 million yuan, use at capital have enough to meet need to mix repay loan.
Be in harmony sends before this 11 companies and orgnaization plan Xiangle to be added newly endowment when 2.74 billion yuan message is announced, new happy inspect say, happy inspect accuse a hold Le Rong to send new equity to auction a program to cannot be advanced on time, le Rong sends new industrial and commercial change to won't do send with increase those representing capital cannot complete a business transaction.
Afore-mentioned statement make clear, afore-mentioned increase endowment fund and did not enter Le Rong to send new. New happy inspect annals showed 2017, annual happy be in harmony sends new implementation battalion to receive 4.1 billion yuan, net profit loss achieves 5.7 billion yuan. Be badly in need of blood transfusion.
Happy inspect why to accuse a hold Le Rong to send new equity to auction a program to cannot be advanced smoothly? Still cannot find the solution in bilateral labial gun have a verbal battle with. Anew happy inspect one-sided phonate in light of, le Rong is sent new unavailable " help money " a main factor, the likelihood inspects the nonfeasance that dominates a field in Yu Le. This is subjective element after all among them bigger objective still factor is bigger, anew happy those who inspect in stating, outside have no way is judged.
"New happy inspect want to tell Gu Yueting and investor through announcement, do not hit the mouth to battle solely, each formalities that cooperates institute of countervail debt plan to involve first just is the obligation that Mr Gu shows level to should be used up. But countervail debt makes progress whether suffocate suffocate Yu Le inspects those who dominate a field to cooperate, new happy inspect need to take out testimony further, accountability supervise and urge debt repays plan is carried out as soon as possible. " bright and beautiful a negotiable securities lawyer is opposite Tian Cheng analysis of reporter of the first finance and economics says.
New happy inspect 2017 annals, new happy inspect one-time plan carry each asset to reduce value loss ten billion eight hundred and eighty-two million yuan, in those days gigantic deficient 11.6 billion yuan, put in Mu Jing asset 's charge by 2016 end 10.2 billion yuan, twinkling falls reach 663 million yuan.
Continued first quarter 2018 deficit, to one quarterly reports put in a mother 's charge 2018 possessory rights and interests remains about 300 million yuan only. Half an year signs up for premonitory deficit 1.1 billion yuan, from this computative, give heat to half annals, minor details is new in June happy very possible to clear decreases inspected net assets even to negative number.
If via the company after audit annual net assets was 2018 2018,lose, new happy the risk that inspects a likelihood to be faced with time-out to appear on the market. In view of this, since August, the happy a running fire that inspect a net 3 " the suggestive announcement that is put in risk be appearinged on the market by time-out about the stock " .
Inadequate ask for trouble all is moved before becoming a shareholder
Be in harmony is achieved after becoming a shareholder new happy inspect, with Gu Yueting the respect hits the mouth to battle, not be first time any more. 2018 the beginning of the year, gan Wei and new happy inspect one appears on the market about be not the system is owed appear on the market systematic debt is 7.5 billion yuan still are 6 billion yuan, already repaid 90 million or 3 billion yuan argue.
On July 10, new happy those who inspect exposure is multinomial violate compasses assure external the checking circumstance of item, make clear new advocate with old advocate dispute is far the debt on face of more than Yu Ming.
New happy the checking condition that inspects one-sided shows, by Gu Yueting one-sided is signed, dan Xinle is inspected and did not fulfill relevant the assuring that examines and approve flow, include to regard as namely happy inspect a net original partner, right happy when inspecting financing of equity of sports, Le Shiyun counter-purchase assure compulsory, and Le Rong of the happy subsidiary that inspect a net is sent new (the name when those is " happy inspect send new " ) need is happy the joint liability that inspects shift to deal with payment for goods to assume.
Outside dividing Le Shiyun, narrate before happy inspect sports, happy inspect shift, all appear on the market to be not systematic correlation company. The investor before this asks to betting, happy inspect sports to be by 2018 finish appear on the market, le Shiyun appears on the market at be being finished at the beginning of 2019.
New happy inspect in happy inspect sports to oppose a scale at present for 6.47% . Be in happy before inspecting sports to begin A+ annulus financing, happy inspect a net to hold a scale to amount to 60% .
The A+ that takes no account of need to counter-purchase annulus financing comes the excessive price when B cycle hand, also take no account of accrual, only with happy the A+ that inspects sports to receive annulus and B annulus financing is total 8.411 billion yuan plan, press 60% responsibility plan, new happy regard as happy inspect sports to equity counter-purchases what assume possibly or have indebted in 5 billion yuan of above.
New happy inspect what have in Le Shiyun to oppose a scale for 47.21% , still be now new happy the subsidiary that inspect and expresses. Introducing Chongqing respect before 1 billion investment, the equity scale of Le Shiyun of the happy hold that inspect a net also is 60% . Take no account of accrual, press 60% responsibility plan, new happy inspect a likelihood to be counter-purchased for Le Shiyun equity those who assume or have be in debt to be 600 million yuan about.
In addition, new happy inspect still need to be happy inspect shift aggregate 35.4 million dollar closes what the RMB controls 240 million yuan to deal with payment for goods to assume joint liability about.
In become a shareholder happy inspect a net and be forced finally " into advocate " before, be in harmony achieves a respect to use up tone inadequate, make the ability after be being checked now discovers another " hole " .
This is aggregate and likely more than 6 billion yuan of above " violate compasses " assure and counter-purchase assure, right new happy inspect for belong to or have indebted, did not calculate in the total of 6.7 billion debt that decides in both sides. The be locked in a seesaw struggle that prospective both sides produces for this, dispute over trifles and argue, be afraid is big probability incident.
Happy inspect sports appraise value " secret "
What announcing is happy in inspecting gymnastic to concern financing information, the move that return Tibet is happy those who inspect sports appraise value " secret " .
According to this before new happy the message that inspects exposure, happy inspect sports A+ annulus financing 578 million yuan, B annulus financing 7.833 billion yuan, add up to 8.411 billion yuan.
Except counter-purchase A+ annulus and B annulus besides financing forehead, new happy the excessive price that looks two investor that still need to assume investor of 3 B annulus to take over A annulus to exit.
According to new happy inspect exposure, fund of summit of two investor cloud and Beijing general think of A annulus investment is when B annulus financing exit, by investor of 3 B annulus excessive price is received dish, counter-purchase assure the agreement shows, include happy the original partner that inspects a net inside, the excessive price that still needs to be investor of 3 B annulus is received dish, assume what sum excessive price and its propagate cease to counter-purchase obligation.
2015 5 years, happy inspect sports to finish A+ annulus financing, the appraise after casting is worth about 3 billion RMB; After two years, happy inspect sports to finish B annulus financing, rocket of value of the appraise after casting comes 24 billion yuan of RMBs.
Investor of 3 B annulus -- management center of capital of Shanghai Bo Hunan (limited partnership) with Jinan Lu Xinwen changes sports industry to invest a center (limited partnership) , business of partnership of happy investment of Shenzhen city dark blue (limited partnership) excessive price bought two afore-mentioned A+ annulus the portion of investor.
Excessive price buys B annulus investor of A+ annulus old, one wishs to hit to wish to endure, do not close originally happy inspect sports the thing of original partner, but Gu Yueting still wrapped up A+ annulus to come the bottom of price of B annulus excessive. "This kind of practice invests the market in equity not common, this specification is happy inspect sports A to be turn for value of B annulus appraise, appraise value somebody is by the suspicion of drive up. If happy inspect sports not to have an accident, of B annulus " hold in the palm " pass C annulus financing possibly still or appear on the market directly set now, so who receives last baton who is hapless. " afore-mentioned negotiable securities lawyers express.
New happy the message that inspects exposure, disclosed inadvertently at the outset what financing portion is fooled to grab by orgnaization of one numerous investment is happy inspect sports, maintain the backside that appraise is worth, it is Gu Yueting pulls firm of before last city to be raised in order to counter-purchase acceptance nevertheless come " sedan " .
However, happy inspect sports now already lawsuit pesters a body, look forward to believes the public information that treasure combs to show, happy inspect sports to become lawsuit to be carried out the person's information amounts to 93. Future, it is happy with etc inspect blame appear on the market the system can give new happy inspect bring how old pit, the outside still expects hard.
