On March 9, Yango Group Co.Ltd(000671) ( Yango Group Co.Ltd(000671) . SZ) issued an announcement on the judicial freezing of shares held by shareholders.
According to the announcement, Yango Group Co.Ltd(000671) on March 9, 2022, received the notice from the controlling shareholder Fujian Sunshine Group Co., Ltd., the wholly-owned subsidiary of the controlling shareholder Dongfang Xinlong Asset Management Co., Ltd. and Fujian Kangtian Industrial Group Co., Ltd., the person acting in concert of the controlling shareholder, and learned that some of the shares of the company held by Yango Group Co.Ltd(000671) were sold by the people’s Court of Huangpu District, Shanghai The people’s Court of Shanghai Pudong New Area, the people’s Court of Huli District, Xiamen City, Fujian Province and the people’s Court of Gulou District, Fuzhou City have been judicially frozen, with a total of about 411 million shares. The reason for freezing is “property preservation”.
According to the announcement, the number of shares involved by sunshine group this time is 265481190, accounting for 40.14% of its shares and 6.42% of the total share capital of the company; Dongfang Xinlong involved 50597880 shares this time, accounting for 8.42% of its shares and 1.22% of the total share capital of the company; Kangtian industry involves 95400000 shares, accounting for 25.64% of its shares and 2.3% of the total share capital of the company. In other words, Yango Group Co.Ltd(000671) controlling shareholders and persons acting in concert have frozen 9.94% of the total share capital of the company.
Yango Group Co.Ltd(000671) said in the announcement that the judicial freezing of the company’s shares held by the company’s controlling shareholders and persons acting in concert will not have a direct impact on the company’s production and operation, corporate governance, etc., and will not lead to the change of actual control.
In addition, the controlling shareholders and persons acting in concert of the company may have short-term liquidity risks, and the relevant liquidity problems are still under further treatment. In the future, the controlling shareholders and persons acting in concert of the company will continue to face litigation, arbitration, asset freezing and other uncertain matters.
On the same day, Yango Group Co.Ltd(000671) announced that the board of directors of the company had recently received the resignation report of executive vice president Kan Naigui. Kan Naigui applied to the board of directors of the company for resignation from the post of executive vice president of the company for personal reasons, and will not hold any other post in the company after resignation.
Yango Group Co.Ltd(000671) recently, it was downgraded by Dagong international credit rating Co., Ltd.
Dagong international credit rating Co., Ltd. said that the credit rating of Yango Group Co.Ltd(000671) subject was adjusted to BB and the rating outlook was negative. Dagong said that Yango Group Co.Ltd(000671) failed to pay interest on overseas bonds within the exemption period, reflecting the continued decline of debt repayment ability.
In January 2022, Yango Group Co.Ltd(000671) achieved sales of 6.71 billion yuan and equity sales of 4.3 billion yuan, with a year-on-year decrease of more than 50%; The sales area is 427500 square meters and the equity sales area is 316200 square meters. In addition, Yango Group Co.Ltd(000671) did not acquire land projects in January.
As of the closing on March 9, Yango Group Co.Ltd(000671) reported 2.23 yuan / share, down 4.29%.
