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    LAN Shang Fashion Arrears Have Not Yet Been Recovered, South Thailand Exhibition Buyers Have Not Yet Been Implemented

    2013/7/4 13:33:00 29

    LAN Shang FashionNanfang TextileFashion

    < p > June 28th, < a > Nanfang stock > /a > the thirteen board of directors of the seventh session examined and adopted the motion on the spanfer of 100% equity of Nanjing Lange Fashion Co., Ltd. (hereinafter referred to as "Lan Shang fashion"). It intends to sell 100% of the stock of Lange fashion by 4 million 200 thousand yuan to Jiangsu Road Engineering Equipment Co., Ltd. (hereinafter referred to as "the right way of Jiangsu"). < /p >
    < p > for the first quarter of this year, the loss of more than 40 million yuan Nanfang shares, especially in the background of the main business in a slump, continue to "sell property" will become the usual way of how to protect the shell this year. It is embarrassing that the assets of Nanfang stock can not be smoothly sold as Lange fashion, twice the spanfer of "abortion" Nanjing Nantai International Exhibition Center Co., Ltd. is such a "burden" that no one has taken over. < /p >
    < p > < strong > how to solve the debts of LAN Shang? < /strong > < /p >
    < p > 20120 years -2012, the net assets of < a > "Lan Shang fashion" < /a > are 981 thousand and 300 yuan, -321 million and -407.73 million respectively; net profit is -292.20 yuan, -419.13 million and -86.72 million yuan respectively. < /p >
    < p > according to the evaluation report issued by China capital (Beijing) Asset Appraisal Co., Ltd., the book value of all the equity value of the fashion is -407.73 10000 yuan, with an estimated value of 2 million 315 thousand and 200 yuan and an appreciation of 6 million 392 thousand and 500 yuan. < /p >
    < p > Nanfang stock company says that the company will dispose of 100% shares of Lange fashion with 4 million 200 thousand yuan, which will generate a profit of about 8 million 280 thousand yuan (excluding taxes and fees), which will have an impact on the non recurring gains and losses of the company's statements. < /p >
    < p > a person familiar with the matter told reporters that Lan Shang fashion is one of the many cases of investment failure of Nanfang stock company. "Since its establishment, it has not earned 10 Fen, and it also occupies the capital of listed companies." < /p >
    < p > a reporter's audit material on Nanfang stock shows that the registration time of Lange fashion is March 17, 2006, Nanfang shares invested 9 million yuan, accounting for 90%; Nanjing Nantai Digital Technology Co., Ltd. (hereinafter referred to as Nantai digital) invested 1 million yuan, accounting for 10%. In November 2011, Nantai numeral spanferred its 10% stake in LAN hang fashion to Nanfang shares. < /p >
    When p was first established, Lange fashion, Nanfang shares expects that the first year profit of the project will reach 1 million 156 thousand and 900 yuan in 2007, the annual profit of production capacity will reach 1 million 477 thousand and 300 yuan, and the profit margin will be 14.77%. < /p >
    < p > and the reality is that the audit results of the Nanjing Audit Bureau show that the loss of 613 thousand and 800 yuan in 2007 and the annual loss from 2008 to 2010 are not yet realized. < /p >
    < p > reporters also noted that Lan Shang fashion still owed the capital of Nanfang stock. < /p >
    < p > Nanfang textile 2012 annual report shows that among other five accounts receivable, LAN Shang fashion ranked fifth in arrears of 14 million 461 thousand and 100 yuan. However, in the spanfer notice, Nanfang shares did not disclose how much the debt was paid or how much it had been returned. < /p >
    < p > for this, Nanfang shares said that "Jiangsu's right road needs to lend to Lange fashion before equity delivery, to solve the problem of funds occupied by the company." < /p >
    < p > < strong > can not be sold South Thailand exhibition < /strong > /p >
    < p > in the eyes of the people who know the above, compared with the better solution of Lange fashion, Nanfang Textile Co., Ltd. successfully spanferred Nanjing Nantai International Exhibition Center Co., Ltd. (hereinafter referred to as the southern Thailand exhibition), which is a troublesome problem. "The acquisition of South Thailand exhibition now seems to be a big mistake, and the failure of such a major economic activity decision directly leads to huge losses and waste of state-owned assets." < /p >
    < p > data show that the southern Thailand exhibition was established in November 2004 with a registered capital of 400 million yuan, of which Nanjing International Exhibition Center Limited (hereinafter referred to as Nanjing National Exhibition) invested 392 million yuan in some pavilions and land, accounting for 98%; Nanjing South Tai Group Co., Ltd. invested 8 million yuan in cash, accounting for 2%. < /p >
    < p > at the beginning of the South Thailand exhibition, the Nanjing state fair spanferred the 51% stake of South Thailand to Nanfang textile at a price of 204 million yuan. In December 2007, Nanfang shares paid 398 million yuan to buy 47% stake held by Nanjing National Exhibition and 2% equity held by Nantai group. < /p >
    < p > August 2010, the Nanjing state fair increased its capital by 231 million yuan in land and real estate, and the Nanfang shares were purchased at a premium of 234 million yuan. < /p >
    < p > according to the "big letter [2012] No. 1-3053" and "audit report" issued by Daxin accounting firm, the net profits of the southern Thailand exhibition in 2009, 2010, 2011 and 1-9 months in 2012 are 3 million 408 thousand and 300 yuan, 1 million 766 thousand and 500 yuan, -703.19 million yuan and 2 million 156 thousand yuan respectively. < /p >
    < p > Nanfang textile 2012 annual report shows that the net profit of southern Thailand exhibition is 424 thousand and 400 yuan. < /p >
    < p > according to the audit report of the Nanjing Audit Bureau, the investment in South Thailand has earned less than 2 million yuan for Nanfang textile for 8 years, and the total cost before and after the acquisition is 836 million yuan. With these people in mind, the money is to deposit interest on the banks and earn about 170 million yuan. < /p >
    < p > December 10, 2012, the board of directors of Nanfang shares agreed to spanfer the 100% stake in the southern Thailand exhibition, with an estimated value of about 909 million 800 thousand yuan. But when the first time was listed, no one bid. In February 1st of this year, the asset was priced at 850 million yuan and two times, but it still fell. < /p >
    < p > "Nanfang shares originally hoped that the state owned Assets Department would be able to recycle" a South Thailand exhibition < /a > but who will buy the unprofitable project? "The insider told reporters that for now, Nanfang shares and Nanjing SASAC have not found a suitable way to solve the problem of South Thailand exhibition," it is estimated that they will continue to drag on. And because the South Thailand exhibition is not successful, Nanfang shares will continue to sell other items in the second half of the year to ensure that it will not lose money this year. < /p >
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