In the year of the tiger, the days of real estate enterprises have not improved.
, two pieces of bad news came from the 100 billion Fujian real estate enterprises Yango Group Co.Ltd(000671) : first, the shareholder Taikang Life Insurance plans to reduce its holdings in the form of liquidation; Data show that since Taikang Life bought it, Yango Group Co.Ltd(000671) share price has already halved, and Taikang Life lost more than 1.2 billion yuan in this wave of investment.
One is the debt problem again, Yango Group Co.Ltd(000671) was exposed by the trust company that it failed to transfer the corresponding repayment funds as agreed.
Taikang Life Insurance proposed liquidation reduction
Yango Group Co.Ltd(000671) on February 9, it was announced that Taikang Life, a shareholder with a shareholding of 3.99%, planned to reduce its holdings by clearing.
According to the announcement, Taikang Life Insurance Co., Ltd. plans to reduce its holdings of no more than 165 million shares (165174779 shares) Yango Group Co.Ltd(000671) shares (accounting for 3.99% of the total share capital of Yango Group Co.Ltd(000671) through centralized bidding trading, block trading and other ways permitted by laws and regulations.
At present, Taikang Life Insurance holds 165201279 Yango Group Co.Ltd(000671) shares (accounting for 3.99% of the total share capital of the company), and the planned reduction of Yango Group Co.Ltd(000671) shares accounts for about 99.98% of its shares.
Among them, if the holdings are reduced through centralized bidding, the reduction period is within 6 months after 15 trading days from the date of announcement and disclosure; If the holdings are reduced through block trading and other methods permitted by laws and regulations, the reduction period shall be within 6 months after 3 trading days from the date of announcement and disclosure.
For the reasons for this reduction, Yango Group Co.Ltd(000671) said in the announcement that Taikang Life Insurance plans to reduce its Yango Group Co.Ltd(000671) shares through centralized bidding trading and block trading according to the company’s asset allocation needs and relevant investment decisions.
Yango Group Co.Ltd(000671) also said that the shareholders who intend to reduce their shares this time do not belong to the controlling shareholder and actual controller of the company. The implementation of this reduction plan does not have the risk of changing the company’s control, and will not have an impact on the company’s governance structure and sustainable operation.
buy in the fourth quarter of 2020
Huge losses of 123567}
Statistics show that Taikang Life Insurance recently bought nearly 350 million shares Yango Group Co.Ltd(000671) in the fourth quarter of 2020, with a reference market value of 2.28 billion yuan at that time.
As everyone knows, just bought a crazy quilt cover. Data show that since 2021, Yango Group Co.Ltd(000671) share price has already halved. By the end of the third quarter, the value of 2.28 billion yuan had fallen to 1.458 billion yuan.
Therefore, on December 27, 2021, Taikang Life Insurance has cut its position first: Taikang Life Insurance and Taikang pension signed the share transfer agreement with Taihe building materials on December 27, which agreed that Taihe building materials would transfer Yango Group Co.Ltd(000671) 7.41% of the shares from Taikang Life Insurance and Taikang pension through agreement transfer, with a total of 307 million shares. Among them, Taikang Life transferred 185 million shares (accounting for 4.46% of the total share capital of Yango Group Co.Ltd(000671) ). At that time, the unit price of share transfer was 3.05 yuan / share (including tax), that is, 564 million yuan was recovered at that time.
Now the share price has fallen below 3 yuan. According to the current market price (if it stops falling later), it is conservatively estimated that Taikang Life’s investment in Yango Group Co.Ltd(000671) for more than one year has suffered at least a half cut and a loss of more than 1.2 billion yuan.
failed to transfer the corresponding repayment funds as agreed
To make matters worse, Golden Valley trust announced that the first phase of Huaji construction industry asset-backed notes of Shenzhen Qianhai Lianjie commercial factoring Co., Ltd. in 2020 was issued on December 22, 2020. Due to the large liquidity of the debtor in the recent “n671}” settlement agreement, the interest payable by the construction group is paid in full by the “n67456701 {1230002} in accordance with the” n67456701 {1230002} settlement agreement of the construction group {2347001}, but the interest payable by the construction group {1230002} is preferentially paid by the “n67456701} in the near future, By the end of February 8, 2022, the joint debtor has failed to transfer the corresponding repayment funds as agreed.
The co debtor Yango Group Co.Ltd(000671) group has applied for the adjustment of the current fund transfer and principal and interest payment scheme. The issuing carrier management organization and the lead underwriter plan to convene a meeting of asset-backed bill holders in the near future to make resolutions on the adjustment of the payment scheme and other related matters, and timely follow up the financing of the co debtor’s payment.
Statistics show that the balance of the bond is 450.1 million yuan, the principal amount payable in the current period is 49.9 million yuan, and the interest is nearly 6.52 million yuan.
