ZOJE Shares Deron'S Ten Year Battle

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Xiaobian network to introduce to you is ZOJE shares Deron Department horse ten years later fighting again.

Profits fell sharply, and the top two shareholders went bankrupt and liquidated, which is a difficult time for a listed company.

However, if the intervener is a prominent Deron, it is likely to be a story of great success.

It is worth noting that this year is the 10th anniversary day when Deron collapsed.

In October 29th, ZOJE shares released the three quarter report in 2014, saying that the company's operating income from 1 to September was 870 million yuan, down 3.24% compared with the same period last year. The net profit loss attributable to shareholders of the parent company was 14 million 935 thousand yuan, down 157.38% from the same period last year.

The performance was generally considered lower than expected by the agency.

ZOJE

Compared with expected performance, major shareholders and two shareholders have been ruled out bankruptcy and liquidation. The impact on ZOJE is even more inevitable.

And the dragon is the new owner.

Since the introduction of the original Delong people in September, a series of moves by ZOJE shares have shown that the Deron system has begun to change its dynastic history. The remaining question is where will the Delong system lead the first listed enterprises in the domestic sewing machine industry in the future?

Group debt crisis

Public information shows that ZOJE group, formerly known as Chen Yu Electronic Instrument Factory in Yuhuan County, Zhejiang, was founded in 1985. It was renamed ZOJE ZOJE sewing machine Co., Ltd. in 1994. In 2000, it was established as ZOJE Holding Group Co., Ltd., and owns subsidiaries of ZOJE sewing machine Limited by Share Ltd, ZOJE kitchen and sanitary ware Limited by Share Ltd, ZOJE ring supply chain group Limited by Share Ltd, Zhejiang Real Estate Development Co., Ltd.

The information disclosed by ZOJE shares shows that as of now, ZOJE, Chau, ZOJE and Cai Kaijian are the top three shareholders of ZOJE shares respectively, holding 17.45%, 16.42% and 8.85% shares of ZOJE shares respectively.

Because the legal persons of ZOJE circle and ZOJE group are all Cai Kaijian, the actual controller of ZOJE shares is Cai Kaijian.

Recently, ZOJE shares announced that the company had received the civil ruling issued by Limited by Share Ltd, the first largest shareholder of Zhejiang ZOJE world supply chain group. The ruling shows that ZOJE can not repay debts due to maturity, and its assets are obviously insufficient to repay all debts, but it has the possibility of being reborn through reorganization, and the court adjudication accepts its bankruptcy reorganization application.

This is another business crisis following the bankruptcy liquidation of the two shareholder of ZOJE Group Holdings Ltd. in September 5th this year.

In September 4th this year, the company announced that it had received the civil ruling of the Yuhuan County people's Court of Zhejiang Province, which was pferred from the ZOJE group of the controlling shareholder of the company. The civil ruling found that ZOJE group failed to settle its due debts and the assets were obviously insufficient to repay all debts, and decided that ZOJE group would go bankrupt and liquidated.

In fact, the fund dispute case involving ZOJE shares is far more than that. According to the public disclosure of the Zhejiang court, from October 23rd to November 13th this year, a number of cases involving ZOJE group and ZOJE circle will be held in succession.

According to media reports, the bankruptcy petition submitted by ZOJE group in September this year stated that its assets are currently 527 million yuan, and its liabilities are 2 billion 630 million yuan. It is seriously insolvent and is still in the process of debt and debt registration.

"Investment times" reporter interviewed ZOJE shares on the above issues, but the relevant high-level telephone has not been opened, and the phone of the company's securities department has no answer.

In this regard, market analysts believe that with the company's major shareholders in a lawsuit, the group insolvent, bankruptcy liquidation soon, ZOJE shares changed hands is inevitable.

At this point, the entry of Derong system and a series of operations after entering into it make things reasonable.

Delong Department

In fact, the new capital predator has already taken the lead.

The announcement of ZOJE shares in June 24th said that the largest shareholder, ZOJE Island, was established by the Bohai trust, a trust project specially established by the Bohai trust, "the Bohai trust and ZOJE Central Trust Fund Scheme (inquiring trust products)" (hereinafter referred to as the "trust product"). The proceeds from the issuance of the shares are earned under the terms of the pfer, so the funds obtained are used to subscribe for the 120 million shares of the ZOJE shares and the related expenses.

As a consideration, ZOJE shares all proceeds to the Bohai trust.

A private person who declined to be named told the investment Times reporter that Li Guangrong, the new chairman of the Bohai trust, was a friend of Tang Wanxin, the head of Delong department. His special China Department had several times loaned money for Tang Wanxin.

Then in July 11th of this year, the fourth (Provisional) shareholders' meeting announcement issued by ZOJE shares in 2014 showed that more than a dozen executives of ZOJE share had changed.

Among them, Ma Jiancheng, chairman and general manager of the new Jin Dynasty, worked in the Hutubi branch of the Agricultural Bank of China and the Finance Bureau of Hutubi, and served as the general manager of the desert trading company and the general manager of Hutubi Tang Cci Capital Ltd. Now she is the vice chairman of ZOJE Holding Group Co., Ltd.

Liu Changgui, deputy general manager of the company, served as president of Huaan property insurance Limited by Share Ltd and chairman of Zhongfu Securities Co., Ltd. (Zhongfu securities was an important financing platform of Derong Department) and director of Chongqing Gore Ecological Agriculture Co., Ltd.

Since July 2014, he has been the director of the Fifth Board of directors of ZOJE.

Wang Duan, the former chief executive of the Shenyang investment company (one of the three listed companies in the former Delong system), succeeds, even the new chief financial officer of ZOJE shares has "Xinjiang business background".

Ye Lifen, the new chief financial officer, has served as chief financial officer of Kunshan cteng biotechnology limited company, chief financial officer of Rui Gao (Zhejiang) Construction System Co., Ltd., Shanghai finance manager of Yili International Logistics Co., Ltd., and audit manager of Xinjiang Tianhe Tianhe limited liability accounting firm.

Obviously, the list of ZOJE's new board of directors has been tied to all major points.

Shortly after the entry of Delong, the name of ZOJE shares was changed from ZOJE sewing machine Limited by Share Ltd to ZOJE resources investment Limited by Share Ltd, and its business scope also expanded to industrial investment, equity investment and investment management consulting services; mining resources and energy investment, development and operation; new energy product technology R & D, production, sales and so on.

Market analysts believe that the above changes represent the pformation of energy and new energy from ZOJE to the stock market, and on the other hand, prepare for market value management.

Then Deron began a series of operations.

The typical operation of the former Delong is to boost the stock price by packing the main business into a subsidiary and then selling it at a premium.

In June, a company announced that a public offering of nearly 460 million yuan of funds will be changed to a new subsidiary.

Before that, the company packaged all the related assets and debts of all sewing machines and set up Zhejiang ZOJE Sewing Technology Co., Ltd.

While organizing ZOJE's main business, Delong is also eliminating other businesses such as sewing machine related businesses, futures and so on.

At the same time, the company has retained the energy business. Some agencies believe that the company will follow the development and utilization of coal-bed methane and shale gas, and march into clean energy is the biggest bright spot in the future.

But where will ZOJE shares go under the leadership of Deron?

It has not been able to give an exact answer. At least the company's main business and futures which have been optimistic about the market have been packaged or processed. What kind of ZOJE shares will be issued in the future? We are still looking forward to it.