Hainan Development Holdings Nanhai Co.Ltd(002163) : the bankruptcy and reorganization of Hainan Tebo will add 224 million profit and loss to the company

On February 18, Hainan Development Holdings Nanhai Co.Ltd(002163) disclosed the progress of the bankruptcy and reorganization of the former joint-stock company Hainan Tebo, saying that after three cumulative fund distributions, the current profit and loss will be increased accordingly, with a total of about 224 million yuan.

According to the announcement, Hainan Development Holdings Nanhai Co.Ltd(002163) Hainan AVIC special glass materials Co., Ltd. (hereinafter referred to as “Hainan special glass”), the former joint-stock company, in order to avoid bankruptcy liquidation caused by the continuous deterioration of its business and financial situation, Hainan special glass started the work of bankruptcy reorganization with the deliberation and approval of the tenth extraordinary shareholders’ meeting of Hainan special glass in 2020.

Up to now, the creditor’s rights of Hainan Development Holdings Nanhai Co.Ltd(002163) and relevant subjects after the manager has allocated funds for three times are as follows: the guaranteed creditor’s rights enjoyed by Longma mining are 36.1864 million yuan, which has been paid off in full in cash at one time after deducting the manager’s remuneration. The total amount of ordinary creditor’s rights declared by Xiaohui mining is 3.1907 million yuan, which has been fully confirmed in the ordinary creditor’s rights group, with a cumulative repayment of 701300 yuan.

In the first capital distribution, AVIC Tongfei confirmed that it had received compensation of 112 million yuan, and in the third capital distribution, it confirmed that it had received compensation of 74.8855 million yuan, with a cumulative total of about 187 million yuan.

According to Hainan Development Holdings Nanhai Co.Ltd(002163) announcement, after three cumulative fund distributions, the current profit and loss will be increased accordingly, with a total of about 224 million yuan.

According to the data, Hainan Development Holdings Nanhai Co.Ltd(002163) is the first listed company acquired by Hainan holding. At the end of 2021, Ma Yonghua, Secretary of the Party committee and chairman of Hainan holdings, said during the investigation at Hainan Development Holdings Nanhai Co.Ltd(002163) , Hainan Development Holdings Nanhai Co.Ltd(002163) we should improve the capital operation ability and core competitiveness, solidly promote the implementation of market commitments and measures, and promote the steady and sustainable development of the company. Ma Yonghua hopes that the Hainan Development Holdings Nanhai Co.Ltd(002163) management team will seize the major strategic development opportunities of the construction of Hainan free trade port, give full play to the industrial advantages, obtain more and better business development opportunities, adhere to the mission and responsibility of “everything for Hainan Development Holdings Nanhai Co.Ltd(002163) “, actively participate in the construction of Hainan free trade port and strive to be the main force of the construction of Hainan free trade port.

In 2022, Sanya will fully promote the preliminary work of the new airport. Hainan Development Holdings Nanhai Co.Ltd(002163) in response to investors’ questions, Sanxin Technology, the holding subsidiary of the company, has focused on the design, production, construction and maintenance services of high-end curtain wall projects for many years, and has grade a special qualification for building curtain wall engineering design, grade I qualification for construction, grade I qualification for professional contracting of Building Decoration Engineering and grade III qualification for general contracting of building engineering construction, With strong supporting strength of upstream and downstream industrial chain, it has undertaken the construction of super high-rise and distorted unit glass curtain wall projects such as Tianjin 117 building and Zhuhai Hengqin international financial center building, as well as the curtain wall projects of 46 key airports outside China, such as Beijing Daxing airport, Shanghai Pudong International Airport Satellite hall, Shenzhen Bao’an Airport T3 and Thailand Bangkok airport. The company seizes the major strategic development opportunity of the construction of Hainan free trade port, actively integrates into regional construction, gives full play to the brand advantages of the company’s curtain wall project, actively serves the construction of Hainan free trade port and improves the development quality of the company.

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