Busen's Share Account Was Frozen Again And Was Compensated By Guarantee.

Busen shares urgently report "ghost", 40 million guarantees have "chapter" hard to find?

Busen shares suffered a series of bad debts. The bank accounts were frozen in the previous period, which was beset by the compensatory obligations.

Recently, the Shenzhen Shun Rong wealth Cci Capital Ltd (hereinafter referred to as "credit fusion wealth") published an article entitled "urging Busen shares to fulfill the 40 million yuan guarantee compensation obligation notice" on its own website platform.

According to the article, Xin Rong wealth claims that the company borrows the loan of 40 million yuan secured by its platform, and the company fails to repay the loan in time. The company provides unlimited joint and several liability guarantee in this project.

This requires the company to complete the guarantee compensation obligation of the loan item within 5 working days.

For the above guarantee, Busen shares relevant departments responsible person said: "the company has never heard of this guarantee."

The person said that during the Xu Maodong holding period, and the guarantee did not pass the formal process such as the company's board of directors, it can be seen that this matter has nothing to do with the incumbent chairman Zhao Chunxia.

The company says no external guarantee is filed.

In June 29th, Xin Rong wealth issued a notice on urging Busen shares to perform 40 million yuan guarantee compensation obligation on its official website.

The announcement said that the 40 million yuan loan project of Busen shares secured by Xin Rong financial company did not repay the loan in time. Busen shares offered unlimited joint and several liability guarantee in this project, but it did not make compensation in the period stipulated by the guarantee compensation.

In response to the above situation, the letter and wealth statement requires Busen shares to complete the guarantee compensation obligation of the loan item within 5 working days from now.

At present, Xin Rong wealth has commissioned the joint construction law firm to prosecute and guarantee the assets of the security company.

For the guarantee mentioned above, Busen shares issued a clarification notice in July 2nd. It said that the company had not held any approval documents for the guarantee items. The company did not find any records related to the warranty matters.

The company said that as of now, the company has not received any judicial proceedings served with the alleged collateral matters related to litigation materials or sealing up the freezing of documents.

Busen shares said that the company has publicly disclosed the current situation and corresponding measures that may be involved in the company's external guarantee. If any unit or individual considers that the company has other warranties, it should advocate and provide effective evidence to the company according to law.

Unilaterally releasing and spreading unconfirmed information through the media and so on can easily confuse and cause speculation, and may also infringe on the legitimate rights and interests of companies and small and medium investors, resulting in unnecessary disputes.

For the above external guarantees, Busen stock stakeholders told the Securities Daily reporters that the external guaranty incident and the nature of the guarantee activities of Tianma bearing were the same. The management of the listed companies did not know about these external guarantees except Xu Maodong, even the directors were unaware.

It is understood that the company received the "civil ruling", "civil complaint", court summons and filing on June 1, 2018 by the Huzhou intermediate people's Court of Zhejiang province (hereinafter referred to as the "Huzhou intermediate court").

And other documents.

In May 25, 2018, the Huzhou intermediate people's court accepted Deqing County small and Medium Enterprises Financial Services Center Limited, V. Tianma bearing group Limited by Share Ltd, Kashi Xinghe Venture Capital Co., Ltd., Zhejiang Busen apparel Limited by Share Ltd, Beijing Xinghe World Group Co., Ltd., Beijing Xinghe Internet Group Co., Ltd., Huoerguosi food and investment venture limited, and Xu Maodong's private lending dispute case.

At the same time, Busen shares also announced that the company's five bank accounts have been frozen, and the total amount of funds taken by freezing compulsory measures is 18 million 832 thousand and 300 yuan.

Looking back, the external guarantee began in October 27, 2017, when Xu Maodong, the actual controller of Busen shares, signed another "loan guarantee contract" with another listed company named Tianma bearing group Limited by Share Ltd (hereinafter referred to as "Tianma bearing") and Deqing County SME financial service center limited. Tianma bearings borrowed 100 million yuan from Deqing County SME financial service center Co., and the loan period was from October 27, 2017 to December 26, 2017, and the lending interest rate was 18%.

According to the loan guarantee contract, Kashi Xinghe Venture Capital Co., Ltd., Busen shares, Beijing Xinghe World Group Co., Ltd., Xinghe Internet Group Co., Ltd., Huoerguosi food and entertainment Venture Capital Co., Ltd. and Xu Maodong provide joint and several liability guarantee.

As for the above guarantee, Zhao Chunxia, the current controller of Busen shares, said: "the loan guarantee of Tianma shares was happened before the disclosure of control rights changed and the actual stock rights changed, including the company's board of directors, and everyone was kept in the dark."

After the company's own inspection, it was found that the external guarantee did not fulfill the procedures of external guarantee, and there was no record of the internal seal application process, and the main management level such as the legal representative of the company did not know the existence of the external guarantee.

Busen shares said that it is not yet possible to determine whether the "Busen shares" seal in the guarantee document is a statutory seal of the company, and does not exclude the possibility of falsifying the official seal of the listed company to produce relevant documents.

Therefore, Busen shares have reported to the Zhuji Public Security Bureau Maple Bridge police station, and reported to the public security organs for investigation and investigation of the above alleged criminal acts committed by secretly making security documents.

According to the latest announcement of the company, at present, the above civil cases are in the investigation stage and have not yet been tried. Whether the Busen shares have external guarantee or whether they have to bear the responsibility of guaranty remains to be decided by the court.

As for the ongoing external guarantees, Busen insiders say the company will not pay for Xu Maodong's private guarantee.