More than 20 million is not filed for bankruptcy Shenzhen Dvision Co.Ltd(300167) : objection

It was announced on Shenzhen Dvision Co.Ltd(300167) 29 that the company mailed the objection to bankruptcy liquidation to the Shenzhen intermediate court and submitted relevant evidence documents to the court.

Specifically, Shenzhen Dvision Co.Ltd(300167) received the notice issued by Shenzhen intermediate people's Court on December 21, which mainly includes that the applicant Jietong Smart Technology Co., Ltd. (hereinafter referred to as "Jietong smart") applied for Shenzhen Dvision Co.Ltd(300167) bankruptcy liquidation.

Shenzhen Dvision Co.Ltd(300167) said that it had mailed the objection to bankruptcy liquidation to the Shenzhen intermediate people's Court on December 27 and submitted relevant evidence documents to the court. Shenzhen Dvision Co.Ltd(300167) as the objector, he believes that the company does not have the reason for bankruptcy, the overall liabilities are low, the assets are far greater than the liabilities, and the assets are sufficient to pay off all debts , so it shall be ruled not to accept the application of Jietong wisdom for Shenzhen Dvision Co.Ltd(300167) bankruptcy liquidation.

At the same time, Shenzhen Dvision Co.Ltd(300167) said it was actively raising funds and actively communicating with creditors, Jietong wisdom, the court, etc., so as to eliminate adverse effects as soon as possible and try its best to safeguard the interests of the company, shareholders, especially minority shareholders.

In addition, Shenzhen Dvision Co.Ltd(300167) also said that the amount of debt involved in This bankruptcy application is about 20.7752 million yuan , accounting for only 5.02% of the company's audited net assets.

According to the third quarterly report of Shenzhen Dvision Co.Ltd(300167) 2021, the operating revenue of the company in the first three quarters was 162 million yuan, a year-on-year decrease of 1.81%; The net profit attributable to the parent company was -73.4829 million yuan, a year-on-year decrease of 83.07%.

Shenzhen Dvision Co.Ltd(300167) financial data source: Shenzhen Dvision Co.Ltd(300167) announcement

Previously, Jietong wisdom sued Shenzhen Dvision Co.Ltd(300167) to the court for a dispute over the construction contract of the construction project. Jietong wisdom sued Shenzhen Dvision Co.Ltd(300167) to pay the unpaid project payment, quality assurance deposit and overdue interest.

On October 20, 2020, the intermediate people's Court of Inner Mongolia Eerduosi Resources Co.Ltd(600295) city of Inner Mongolia Autonomous Region made the relevant civil judgment after trial, which has taken legal effect. As the Shenzhen Dvision Co.Ltd(300167) company of the enforced party failed to perform the effective judgment, Jietong wisdom applied to the Shenzhen intermediate people's court for enforcement, requesting the enforced party to pay RMB 20.7752 million and the debt interest during the period of delay in performance.

Shenzhen Dvision Co.Ltd(300167) said that according to the GEM Listing Rules, if the amount involved in major litigation and arbitration matters of a listed company accounts for more than 10% of the absolute value of the company's latest audited net assets, and the absolute amount exceeds 10 million yuan, it shall be disclosed in time. The amount involved in the case of Jietong wisdom did not meet the disclosure standard of major litigation, but the company made timely disclosure in the accumulated litigation matters.

As for the overdue debts of the company, Shenzhen Dvision Co.Ltd(300167) disclosed that as of September 30, the overdue debts of the company were: the total amount of litigation execution was about 29.9 million yuan, including the litigation amount of Jietong wisdom. At the same time, the reply also disclosed that the company has short-term capital pressure, which has fully reminded the relevant risks.

Image source: Shenzhen Dvision Co.Ltd(300167) announcement

According to public information, Shenzhen Dvision Co.Ltd(300167) business scope includes smart city planning and design, construction, operation, technology development, smart city related software, etc. In the secondary market, Shenzhen Dvision Co.Ltd(300167) shares fell 1.21% from the previous trading day to close at 4.89 yuan. So far, Shenzhen Dvision Co.Ltd(300167) has a total market value of 1.595 billion yuan.

(Zhongxin Jingwei)

 

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