Can La Natsu Bell Break The Cocoon And Rebirth?

Yesterday, La Natsu Bell, the first domestic A+H share listed clothing company, was listed as the executor of the Xuhui District people's Court of Shanghai, and the execution price was 2371821 yuan.

La Natsu Bell was listed as the executor two times in February 13th and 18, and has been listed as the executor for two consecutive days since March. Since this year, La Natsu Bell has been listed as the executor of the Xuhui District people's Court of Shanghai for the 4 time, and the total amount of execution is 14120741 yuan.

Source: China executive information public network

Public information shows that the Shanghai La Natsu Bell fashion Limited by Share Ltd was founded in 1998, and the main female leisure wear has been regarded as the representative of the domestic women's clothing brand. In October 9, 2014, La Natsu Bell was listed on the Hongkong stock exchange. After three years, he landed on the Shanghai Stock Exchange successfully and became the first A+H share listed clothing company in China.

The 4 time is listed as the executor to execute the target exceeding 14 million 120 thousand.

China's implementation of the information disclosure network shows that in March 2, 2020 and March 3rd, La Natsu Bell was listed as the executor for two consecutive days, and the executive courts were all Xuhui District people's courts of Shanghai. Among them, the implementation target in March 2nd was 1545646 yuan; in March 3rd, the target was 2371821 yuan.

Prior to February 13th and February 18th, La Natsu Bell was listed as the executor of the Xuhui District people's Government of Shanghai for the two time, and the executive targets were 3268115 yuan and 6935159 yuan respectively. By March 3rd, La Natsu Bell has been listed as the executor of the Xuhui District people's Court of Shanghai for four times since 2020, and the total of four cases has been executed for 14120741 yuan.

Behind the list of executors is La Natsu Bell's deep litigation vortex. According to incomplete statistics made by China Internet Financial reporter based on data from heaven eye, in December 2019 alone, La Natsu Bell involved 12 disputes.

Since 2020, the situation has not improved. In the first two months, more than 5 enterprises sent La Natsu Bell to the defendant's court due to contractual disputes.

High level turbulence, former chairman Xing Jiaxing resigned as president after resignation

In 2020, La Natsu Bell was destined to be an unusual year. In 2019, after a big profit plunge, La Natsu Bell released the news of the resignation of the former chairman Xing Jiaxing in February 3rd this year. The former executive director and President of the company acted on behalf of the chairman.

All of us did not expect that, just 22 days after the performance of the chairman, La Natsu Bell announced that the board of directors received a strong resignation report in February 25, 2020, and resigned from the third board chairman, the board of directors' Strategic Development Committee, the president and the subordinate holding and share holding company. Any position of the company. Meanwhile, Xing Jiaxing, who has already left office, was appointed president of the company and acted as secretary of the board of directors of the company.

After strong resignation, La Natsu Bell recently resigned two directors. La Natsu Bell announced in March 2nd that the board of directors of the company received the resignation report of Mr. Wang Wen Ke and Mr. Rui Peng, the independent director of the board of directors in February 29, 2020. Two of them resigned from their respective positions for personal reasons.

The future of the government's subsidies and supplementary liquidity is uncertain.

The day before La Natsu Bell announced the resignation, the company disclosed a reminder announcement about the bankruptcy liquidation process of the controlling subsidiary. Jack Walker, who owns the 69.12% of the shares, was designated as the bankruptcy administrator, and the company lost control of Jack La Natsu Bell.

Behind the stripping of men's clothing business is La Natsu Bell's hard life in 2019. In the first half of 2019, in the first half of 498 million, La Natsu Bell launched a vigorous closed shop movement. In the first half of 2019, the number of closed stores reached 2470, with a daily average of 14. Meanwhile, La Natsu Bell stripped off his home business.

"Bad luck and good luck depend on it, blessing and misfortune". La Natsu Bell has not only been able to focus on women's clothing business, but also received government subsidies recently. The announcement of the company's disclosure in February 25th showed that the company's subsidiary subsidiary Shanghai micro Le dress Co., Ltd. received 4 million 400 thousand yuan of support from the government in February. Although the amount is not large, but for today's La Natsu Bell can be seen as a timely action, also shows the local government's support for the company.

At the same time, La Natsu Bell announced in a recent announcement that the company intends to use A shares to raise funds 50 million yuan to temporarily supplement liquidity. At present, the plan has been approved by CITIC Securities, the sponsor of the company.

It is worth noting that, as of March 4th closing, La Natsu Bell has not yet released the appointment of chairman.

In the performance diving, the high level turbulence, the company itself is deep in the lawsuit whirlpool, the former "National Women's clothing representative" whether the cocoon rebirth is still unknown, China net finance and economics will continue to pay attention.