Supply & marketing Daji assets reorganization

According to the announcement, the creditor applied to the court for reorganization of the company on the grounds that the supply and marketing group was unable to pay off the debts due and obviously lacked solvency. Supply and marketing Daji received a notice from the Higher People's Court of Hainan Province. 65438+1October 29th, supply &; Amp marketing was successful, stating: "The Group received a notice issued by the Higher People's Court of Hainan Province, with the main contents as follows: Due to the inability of the Group to pay off due debts, the relevant creditors applied to the court for bankruptcy and reorganization of the Group."

According to industry insiders, unlike bankruptcy liquidation, bankruptcy reorganization strives to avoid bankruptcy liquidation for enterprises facing difficulties but promising to be saved, so as to gain opportunities for recovery. The goal of reorganization procedure is to regenerate enterprises and avoid liquidation, while the goal of bankruptcy liquidation is to make creditors of bankrupt enterprises get fair compensation and make bankrupt enterprises disappear. Since 2020, there have been many cases of reorganization of listed companies, which is inseparable from the implementation of "supply-side structural reform" and "six stability and six guarantees" by governments at all levels.

It is understood that the design idea of the reorganization of listed companies in the bankruptcy reorganization plan of HNA Group is to transfer part of the debts of listed companies to HNA Group in the form of debt-to-equity swaps, which will not affect the normal operation of listed companies. Creditors of listed companies will turn to HNA Group for debts, and their debts will be put into a large debt package that is essentially chaotic.

If the share transfer is realized through this reorganization, the circulation in the supply and marketing system and the cross-border e-commerce circulation exerted by the supply and marketing concourse in recent years will complement each other in the business model and realize the internal and external circulation. At the same time, the supply and marketing concourse will leverage 846,000 outlets of the supply and marketing cooperatives, deeply integrate into the supply and marketing system, deepen the rural market, and further promote rural e-commerce business.

In addition, supply &; Amp Marketing Group released the annual performance forecast for 2020, and it is estimated that the revenue in 2020 will be 2 billion to 2.5 billion yuan, and the net profit loss attributable to shareholders of listed companies will be about 3.7 billion to 4.9 billion yuan. The main reason for the change is the slowdown of domestic economic growth, and fierce competition has brought great impact to the company's commercial wholesale and retail business. The impact of the COVID-19 epidemic in 2020 and the implementation of new income standards by the company from 1 to 2020 led to a sharp drop in the company's operating income compared with the previous year.

Related Q&A: Is China Supply and Marketing Group a state-owned enterprise or a central enterprise? China Supply and Marketing Group is a central enterprise.

China Supply and Marketing Group Co., Ltd. holds 57.45% of the shares of the new cooperative group, while China Supply and Marketing Group Co., Ltd. is a wholly-owned company under the All-China Federation of Supply and Marketing Cooperatives.

The All-China Federation of Supply and Marketing Cooperatives is well-known, directly led by the State Council, and is a ministerial-level unit.

Liu, the former chairman of China Securities Regulatory Commission, was the director of the Council of All-China Federation of Supply and Marketing Cooperatives.

In other words, HNA sold The Supply and Marketing Concourse to China Supply and Marketing Group. Although China Supply and Marketing Group is not managed by SASAC, it also belongs to central enterprises.

Company introduction:

It was established in Beijing on June 20 10 and 1. Its industry is wholesale, mainly engaged in import and export business, asset operation management and consulting, investment merger and acquisition, real estate development, property management, hotel management and agricultural means of production, agricultural and sideline products, daily consumer goods and renewable resources.

The specific business scope of the company includes: sales of building materials, metal ores, metal materials, chemical products, agricultural machinery, hardware, electricity, household appliances, electronic products and coal; Electronic commerce.