Shenzhen Stock Exchange issued a letter of concern to Suzhou Yangtze New Materials Co.Ltd(002652) on April 15. On April 7, the company disclosed that it had signed the asset replacement agreement with Zhongmin home and Hu Weilin, and planned to replace the creditor’s rights of Hu Weilin’s related parties held by Suzhou Yangtze New Materials Co.Ltd(002652) with the 100% equity of Zhongmin Hupei held by Zhongmin home, so as to solve the problem of Hu Weilin’s occupation of the company’s funds. Zhongmin home holds 99.86% equity of Nanning Yiran elderly care industry partnership (limited partnership), the controlling shareholder of the company.
Shenzhen stock exchange requires the company to explain the reasons for the capital increase of Zhongmin home care and training and the source of monetary capital contribution; Explain that the transaction structure is to increase the capital from Zhongmin residents to Zhongmin Hupei. Zhongmin Hupei acquires the equity of Jianchuang management company and the limited partner share of Jianchuang partnership, and the 100% equity of Zhongmin Hupei replaces the company’s creditor’s rights against Hu Weilin, rather than directly undertaking the company’s creditor’s rights against Hu Weilin in cash.
