A Generation Of Shoe King Rich Birds Do Not "Rich" Bankrupt Folding Wings Fell To The Altar.

Fortune bird has issued a notice that it received the announcement of the Quanzhou intermediate people's court and the civil ruling of the Quanzhou intermediate people's court, rejected the application of Limited by Share Ltd of the fortune bird, and terminated the Limited by Share Ltd's reorganization process.

It is understood that in November 21, 2019, the Hong Kong Stock Exchange announced that the listing status of rich birds would be abolished at 9 a.m. November 25, 2019. This means that rich birds will be delisted in Hong Kong stocks, and once brilliant "bird" wings can not fly without good wind.

In 1995, men's leather shoes were produced, and the production line was extended to women's shoes in 1997. During the period from 1998 to 2012, its leather shoes products were honored as "genuine leather shoes king", "China Trademark" and "most competitive brand".

In 2013, fortune bird came to the peak of the Hongkong stock exchange, but it began to decline in 2014. Since September 1, 2016, the resumption scheme has failed after nearly 3 years' suspension. In the past three years, the turnover and profits of the rich birds declined sharply, from nearly 3 billion to less than 5 hundred million in 2017, and there was a loss.

In the past 23 years, rich birds have been riding on the wind and going straight to the blue sky. They thought they would have been flying on the vast sky of shoes, but in March 2018, they were placed on file for investigation on suspicion of information disclosure and bond raising funds. It's really sad.

Since then, there has been no update on fortune birds' earnings data. Fortune bird has said that it is mainly due to the suspension of trading shares, and has outstanding debts, affecting business operations.

Wan Zhe, a financial commentator of CCTV, said that one of the biggest mistakes of rich birds is to take the asset bubble as an opportunity and plunge into it. When the bubble recedes, it will find that there is nothing in it. When it invested in P2P enterprises, it may feel that the income is relatively high, but it is actually a blind thing.

It is understood that the rich birds in addition to the main business is not good, perhaps with many cross-border electricity providers also have a great relationship. Fu Fu bird, whose main business is shoes and clothing, has been involved in Internet banking, e-commerce and even a wholly-owned subsidiary of health products research and development.

In order to find new business growth points, rich birds put their eyes on the financial field. Public information shows that from 2015 to 2017, fortune bird has rapidly developed 10 investment enterprises, including mineral company, small loan companies and so on.

What is disappointing is that these investments ended in failure. In order to replenish the company's funds, the rich birds started issuing bonds abroad, which once again increased the survival crisis of the company.

One careless act loses the whole game. Without catching up with the rich birds of the electric business through train, there was no way to get rid of it.