On the evening of April 12, Tiza Information Industry Corporation Inc(300209) ( Tiza Information Industry Corporation Inc(300209) , SZ) announced that recently, the listed company received the summons and relevant litigation materials from the Nanjing Intermediate People’s Court of Jiangsu Province (hereinafter referred to as the Nanjing Intermediate People’s court), and the Nanjing Intermediate People’s court summoned the listed company to have a court hearing on April 24.
It is reported that the reason why Tiza Information Industry Corporation Inc(300209) was asked to have a court training conversation was that the M & a loan with the principal of RMB 189 million at Shanghai Pudong Development Bank Co.Ltd(600000) Nanjing Branch was overdue.
some M & A loans are overdue
According to the announcement, on April 17, 2019, after the deliberation of Tiza Information Industry Corporation Inc(300209) board of directors, the listed company plans to apply to Shanghai Pudong Development Bank Co.Ltd(600000) for M & A loans with an amount of no more than 210 million yuan. At the same time, the listed company provided pledge guarantee for the above M & a loan with the acquired 489991% equity of Shenzhen youkeshu Technology Co., Ltd. (hereinafter referred to as youkeshu), and sun birong, the then actual controller of the listed company, and Yuanjiang Information Technology Co., Ltd., a wholly-owned subsidiary, jointly provided joint and several liability guarantee for the above M & a loan.
In addition, the listed company plans to apply to China Minsheng Banking Corp.Ltd(600016) Nanjing Branch for an M & a loan of no more than 210 million yuan; The 51% equity of Keshu held by the subsidiary was used to provide pledge guarantee for the above M & a loan, and sun birong, the then actual controller, provided joint and several liability guarantee for the above M & a loan.
However, Tiza Information Industry Corporation Inc(300209) is overdue when the corresponding loan is repaid later Tiza Information Industry Corporation Inc(300209) said that in the first half of 2020, affected by covid-19 epidemic, the sales revenue of the company’s Internet of things business, communication technology services and software related businesses decreased significantly, and the net cash flow of Tiza Information Industry Corporation Inc(300209) parent company’s operating activities continued to be negative, which directly led to the shortage of funds used by the parent company for operating activities.
In August 2020, China Minsheng Banking Corp.Ltd(600016) filed a lawsuit with Nanjing Intermediate People’s court because Tiza Information Industry Corporation Inc(300209) was overdue in part of the due M & A loans of China Minsheng Banking Corp.Ltd(600016) in China Minsheng Banking Corp.Ltd(600016) . After the mediation by Nanjing Intermediate People’s court, the listed company, sun birong and China Minsheng Banking Corp.Ltd(600016) voluntarily reached a mediation agreement to reschedule the repayment of subsequent M & A loans. According to the mediation agreement, the listed company shall repay the principal of M & a loan of 5 million yuan and relevant interest before May 20, 2021.
Meanwhile, according to the M & a loan contract with Shanghai Pudong Development Bank Co.Ltd(600000) signed, the listed company shall repay the principal of M & a loan of 31.5 million yuan on May 21, 2021. As Tiza Information Industry Corporation Inc(300209) itself has been unable to repay the above two mature M & A loans, the total overdue loan principal is 36.5 million yuan.
was asked to have a court interview
On May 25, 2021, the listed company received a letter from Shanghai Pudong Development Bank Co.Ltd(600000) announcing that the remaining 158 million yuan of loans under the M & a loan contract signed between Tiza Information Industry Corporation Inc(300209) and Shanghai Pudong Development Bank Co.Ltd(600000) were due ahead of schedule; The listed company is required to repay the loan principal of 189 million yuan and interest within 7 days after receiving the letter.
After that, the listed company failed to repay the principal of the due M & a loan of 5 million yuan and relevant interest in accordance with the agreement reached with 6 Shenwan Hongyuan Group Co.Ltd(000166) 00016. The Bank of Nanjing imposed a penalty of RMB 20.9 million, or the Bank of Nanjing imposed a penalty of RMB 60 million (equivalent) and other assets. Meanwhile, the remaining 84 million yuan of M & A loans payable to China Minsheng Banking Corp.Ltd(600016) by listed companies were also forced to expire in advance.
China Minsheng Banking Corp.Ltd(600016) plans to launch judicial proceedings to auction the real estate at No. 80, yunlongshan Road, Jianye District, Nanjing (hereinafter referred to as Tianze Xingwang building), which will be used to repay the principal balance of overdue M & A loans of 89 million yuan and interest.
According to the information of Taobao judicial auction network platform, tianzexing building conducted judicial auctions from 10:00 on November 15, 2021 to 10:00 on November 16, 2021, and from 10:00 on December 27, 2021 to 10:00 on December 28, 2021. The starting price was 110 million yuan, but the two auctions were suspended.
Both auction pages show that the auction has been suspended. The first auction page shows that the illegal construction of top-level buildings and the written agreement transfer of science and Technology Park require written consent. For the second time, it shows that the auction object has illegal buildings, and the relevant units require to dispose of the illegal buildings before the transfer of ownership. Therefore, the auction is suspended first, and the auction can be continued after the relevant illegal buildings are disposed of.
Recently, the listed company also received the summons and relevant litigation materials served by Nanjing Intermediate People’s court. Nanjing Intermediate People’s court summoned the listed company to have a court hearing on April 24 on the dispute over the financial loan contract between Shanghai Pudong Development Bank Co.Ltd(600000) and the company.
Tiza Information Industry Corporation Inc(300209) said that as the case has not yet been heard, it is still impossible to determine the specific impact of the litigation case announced this time on the company’s current or future profits.
