ST Columbus Step Three Trap Litigation Door Can Once Again Survive The Life And Death Robbery?

Within 7 months, three fall lawsuit, and the chairman lost contact with the company, was officially listed on January 12, 2016.

ST

(835494) it would never have been thought that this capital road would be so difficult.

In August 9th, ST Columbus announced that it owed the plaintiff Shishi Yongchang.

The Trade Company Limited has 13 million 460 thousand of the payment, and the plaintiff considers that it has caused a breach of contract.

ST Colombian indicated that the company had not received the litigation materials and court summons for the case because of the relocation of the office.

Moreover, the plaintiff applied for withdrawal from the court on 14 July and was granted by the court.

It is understood that this is the third prosecution case of ST Colombian's rebirth.

In mid April 2016, Wei Qinghua, the former chairman of ST Columbus (835494), promptly resigned his letter and lost contact after he had pledged all the shares of his company, which caused an uproar in the public opinion.

Since then, the company seems to have been on the edge of the cliff.

In May 3rd, due to the failure to disclose the 2015 annual report on schedule, the ST Colombian steps were suspended and faced with the fate of being delisted.

In June 20th, Wei Qinghua announced the appointment of Pan Yuhan, the former chairman of the company, and the appointment of ST as the new chairman of the company.

In June 28th, ST Columbus rushed to disclose the annual report before the deadline, avoiding the risk of being delisted.

I thought that with the gradual improvement of the situation, ST Coulomb step smoothly through the "life and death robbery" and regain the "new life", but yesterday's paper petition pushed the company to the cusp of the storm.

ST Columbus also said that the company has negotiated with the plaintiff to pay the loan in installments. However, due to the large amount of the loan, the company may face the pressure of payment of goods, resulting in stagnation of production and business.

In June 7th, ST Columbus was sent to court by the China Minsheng Banking Corp Fuzhou branch, asking the company to repay the principal sum of 8 million and the corresponding interest.

In June 20th, ST Columbus step was brought to court by the Limited by Share Ltd branch of Industrial Bank of Fuzhou (601166, stock bar), asking for payment of the total amount owed to 50 million 685 thousand and 700 yuan.

Societe Generale said that if the company failed to repay the money on time, it would auction the mortgage property.

The three cases have resulted in more than 72 million 150 thousand of ST's arrears.

72 million 150 thousand what does ST mean for Columbia?

The 2015 annual report shows that the net assets of ST Columbus belonging to shareholders of the parent company are 82 million 220 thousand, and the amount involved in litigation has exceeded 80% of net assets.

According to the annual report, ST Colombo achieved a profit of 139 million yuan in 2015 and a loss of 29 million 610 thousand yuan. Compared with the income of 148 million yuan in 2014 and the profit of -4073 million yuan, the loss margin was decreasing. The money in the account was 24 million 810 thousand yuan, and the cash flow of operating activities had been negative for three consecutive years. The total liabilities of the company were 199 million yuan, and the asset liability ratio was 70.79%.

From the above financial data, the company's liabilities nearly 2 hundred million, net profit for two consecutive years of loss, monetary funds only about twenty million yuan.

The company has already been unable to make ends meet, and the arrears of about seventy million yuan may push the company back into the abyss again.