Optimizing Debt Asset Structure In An All-Round Way

Today, the noble bird announced that in order to smoothly promote the reorganization work and improve the efficiency of reorganization, ensure the success of the company's reorganization, and realize the value of the company's operation, the manager publicly recruited and selected restructuring investors in accordance with the enterprise bankruptcy law of the people's Republic of China and relevant laws and regulations. It is reported that the restructuring investor or its investor should have sufficient capital strength to carry out restructuring investment, and the manager will determine the restructuring investor before March 29.

It is worth noting that interested parties are required to submit a restructuring investment plan when registering. The plan needs to state whether they will introduce or join other entities to jointly invest in the noble bird, as well as the debt repayment plan, the business plan after investment, the investment plan and structure, such as the price, quantity and total amount of capital invested in the plan.

? ? Guirenniao said that the purpose of the recruitment and selection of restructuring investors is to smoothly promote and complete the restructuring work of guirenniao. The restructuring investors will provide financial support to comprehensively optimize the debtor's asset structure, debt structure and equity structure, and finally build a company with optimized equity structure, perfect governance structure, good asset quality, and sustainable operation ability and profitability Division.

Looking through the past announcements of guirenniao, it can be seen that because the guirenniao was unable to pay off the due debts of RMB 2.5 million and was obviously lack of solvency, its creditor "qihuangxing" applied to Quanzhou intermediate people's court for reorganization in August 2020. On September 4, guirenniao received the decision of Quanzhou intermediate people's court and decided to start the pre reorganization procedure for the company, and appointed the guirenniao liquidation group as the temporary manager, On December 8, the Central People's Court of Quanzhou ruled to accept the reorganization of guirenniao, and appointed the liquidation group of guirenniao as the manager on December 11, 2020 to be responsible for the reorganization.

According to the latest reorganization progress announcement issued by the noble bird on March 9, 2021, as of March 5, 2021, 163 creditors have declared their claims to the administrator, with a total amount of 4.1 billion yuan.

At present, the noble bird has entered the reorganization procedure, but the company still has the risk of being declared bankrupt due to the failure of reorganization. If the company is declared bankrupt, according to the provisions of article 14.3.1 (12) of the listing rules, the company's shares will face the risk of being delisted. In fact, the noble bird is on the verge of delisting. In 2018, the guirenniao will have a loss after listing, with a loss of 686 million yuan in the whole year, a loss of 1.096 billion yuan in 2019, and an estimated loss of 370 million yuan in 2020, which means that the company's shares may be suspended from listing.

According to media reports, at present, there are "price reduction and promotion" signs in noble bird stores. Some shop assistants said that the noble bird has been promoting for a long time, and the product price is about 100 yuan, but the sales volume is average. At present, both the online and offline stores of the noble bird are in normal operation, but the staff said, "there is no guarantee that there will be any changes in the future.".