For Flower King Eco-Engineering Inc(603007) investors, the company's announcement on December 31, 2021 is a little more worried about the future fate of the company. Flower King Eco-Engineering Inc(603007) said that it had received the notice of early maturity of loan from Agricultural Bank Of China Limited(601288) Danyang sub branch, announcing that the loan under the contract would expire early on December 30, 2021, and it was necessary to return all the principal and interest owed under the contract of 123 million yuan.
According to the public information of Flower King Eco-Engineering Inc(603007) 2021, the current dilemma faced by the company is not just the overdue loan. Previously, the company had occupied non operating funds, frozen main bank accounts, and restricted high consumption of the chairman and actual controllers.
"Combined with the current situation of the company, the news of overdue bank loans has a great impact on Flower King Eco-Engineering Inc(603007) ." Some investors mentioned it when communicating with reporters of Securities Daily.
faces multiple risks
Flower King Eco-Engineering Inc(603007) due to the negative opinion audit report on internal control issued in the latest fiscal year, the stock has been subject to other risk warnings since May 6, 2021.
Since then, many problems of Flower King Eco-Engineering Inc(603007) have been exposed in 2021. For example, on October 15, after receiving the enforcement notice and consumption restriction order issued by the people's Court of Zhangjiagang City, Jiangsu Province forwarded by the company's chairman (Acting) Xiao Jiaojun and the company's actual controller Xiao Guoqiang, Xiao Jiaojun, Xiao Guoqiang and the company's controlling shareholder huawang International Construction Group Co., Ltd. were applied for enforcement and restricted from high consumption.
By the morning of December 27, 2021, the financial personnel found that the company's main bank accounts had been frozen, and the actual frozen funds in the bank accounts totaled 29.819 million yuan, accounting for 17.29% of the monetary funds in the latest audit report. Up to now, the company's monetary fund balance was 58.0635 million yuan, of which the litigation frozen funds accounted for 51.36%. The previously occupied funds have not been completely solved. At present, the controlling shareholders and their related parties have no practical financing channels, and have not signed relevant intentional agreements and memoranda, so there is a risk that the occupied funds cannot be returned in time.
Superimposed on the overdue loan, the operating pressure of Flower King Eco-Engineering Inc(603007) increases again.
how to get out of trouble is still unknown
According to the public information of Flower King Eco-Engineering Inc(603007) , the company currently has 16300 shareholders. According to the company's current operating conditions, investors "broke their hearts". On the interactive platform of the exchange, investors from time to time asked how to take effective measures to reduce the impact of the debt crisis of major shareholders on the company's production and operation, and how to save themselves.
"Due to overdue debts, the company is faced with the need to pay relevant liquidated damages, late fees and penalty interest, which leads to the increase of the company's financial expenses. Overdue debts will lead to the decline of the company's financing capacity, aggravate the company's capital shortage, and have a certain impact on some businesses. The company is faced with litigation and arbitration, bank accounts are frozen, assets are sealed up, etc. due to overdue debts Risk, which may have a certain impact on daily production and operation. At present, the company is actively negotiating a settlement plan with relevant creditors and striving to reach an agreement with creditors on the debt solution as soon as possible, including but not limited to extension, partial repayment, etc; At the same time, we will fully raise debt repayment funds by accelerating the recovery of accounts receivable and the disposal of assets. " In the announcement on December 31, 2021, Flower King Eco-Engineering Inc(603007) explains.
How can the company get out of the current dilemma? The reporter of Securities Daily will continue to pay attention.
(Securities Daily)
