Securities code: 000652 securities abbreviation: Tianjin Teda Co.Ltd(000652) Announcement No.: 2022-3
Announcement on the guarantee of 100 million yuan provided by Yangzhou Wanyun, a wholly-owned subsidiary, for Yangzhou TEDA environmental protection, a secondary subsidiary
The company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete
There are false records, misleading statements or major omissions.
Special risk tips:
The balance of guarantees provided by the company and its holding subsidiaries was 9.208 billion yuan, accounting for 185.35% of the company’s total audited net assets in the latest period. The balance of guarantees provided to holding subsidiaries with a debt ratio of more than 70% was 4.612 billion yuan, accounting for 92.83% of the company’s total audited net assets in the latest period. Please pay full attention to the guarantee risk.
1、 Overview of guarantee
According to the needs of business development, Yangzhou TEDA environmental protection Co., Ltd. (hereinafter referred to as “Yangzhou TEDA environmental protection”), a secondary subsidiary of Tianjin Teda Co.Ltd(000652) (hereinafter referred to as “the company”), applied to Taizhou Guangrui Financial Leasing Co., Ltd. (hereinafter referred to as “Guangrui financial leasing”) for financing of RMB 100 million for a period of three years, Yangzhou Wanyun Construction Development Co., Ltd. (hereinafter referred to as “Yangzhou Wanyun”), a wholly-owned subsidiary of the company, provides mortgage guarantee for the project under construction. The mortgage guarantee has been deliberated and approved by the shareholders’ meeting of Yangzhou Wanyun.
2、 Basic information of the guaranteed
(I) basic information
1. Company Name: Yangzhou TEDA environmental protection Co., Ltd
2. Date of establishment: November 12, 2008
3. Place of registration: Zhaozhuang village, Yangmiao town
4. Legal representative: Cui Qing
5. Registered capital: 380 million yuan only
6. Main business: municipal solid waste incineration power generation, sales of electricity, steam, heat, ash and ash products generated, investment, construction and operation management of environmental protection projects, design and consulting services of environmental protection projects, development, sales and leasing of environmental protection technology and equipment. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
7. Equity structure chart
Tianjin Tianjin Teda Co.Ltd(000652) Co., Ltd. 62.5208%
company
Agricultural Bank of China financial asset investment 29.9521%
Tianjin TEDA environmental protection Co., Ltd. 100% Yangzhou TEDA environmental protection Co., Ltd
Si Si
Shaanxi Financial Asset Management 7.4880%
Tianjin Environmental Sanitation Engineering 0.0391% Design Institute Co., Ltd
(II) main financial data
Unit: 10000 yuan
December 31, 2020 September 30, 2021
Total assets 139033.69 138993.40
Total liabilities 66848.64 63197.64
Total current liabilities 14973.69 16612.19
Total bank loans 63492.02 57263.64
Net assets 72185.05 75795.76
-2020 January September 2021
Operating income 13369.76 10246.43
Total profit 5733.56 4452.42
Net profit 4569.62 3610.72
Note: the data of 2020 has been audited, and other data have not been audited.
(III) up to now, Yangzhou TEDA environmental protection Co., Ltd. has no contingent matters such as mortgage, guarantee, litigation and arbitration. (IV) Yangzhou TEDA environmental protection Co., Ltd. is not a dishonest person.
4、 Main contents of the guarantee agreement
Yangzhou TEDA environmental protection, Yangzhou Wanyun and Guangrui financial leasing signed the maximum mortgage contract, the main contents of which are as follows:
(I) guarantee scope: all creditor’s rights of the mortgagee under the main contract and corresponding interest (including but not limited to overdue interest, default interest, compound interest, etc.), liquidated damages Damages and other payables, as well as the expenses incurred by the mortgagee to realize the creditor’s rights and security rights (including but not limited to legal fees, arbitration fees, property preservation fees, guarantee fees, travel expenses, execution fees, evaluation fees, auction fees, notarization fees, service fees, announcement fees, lawyer fees, etc.). (II) guarantee amount: 100 million yuan.
(III) guarantee method: mortgage guarantee.
(IV) determination period of creditor’s rights: January 17, 2022 to January 19, 2025.
(V) basic information of the collateral: the collateral is the underground garage of Yangzhou TEDA y-msd modern industry service zone phase I bid section I of Yangzhou Wanyun. The collateral is free from any situation of CO ownership, dispute, seizure or seizure. The list of collateral is as follows:
No. name of collateral no. of land use right certificate No. quantity (area) appraisal value
Yangzhou TEDA y-msd modern industrial service yangguoyong (2014) No
1 63817.85 ㎡ 249954500 Yuan District phase I lot 1 underground garage No. 0780
Jiangsu guode Assets Appraisal Co., Ltd. (hereinafter referred to as “guode appraisal”) has appraised the mortgage value of the collateral.
According to the assets appraisal report of some underground garages involved in the proposed financial lease of Yangzhou Wanyun construction and Development Co., Ltd. (Su Guo De Ping Bao Zi [2021] No. 131) issued by guode appraisal on December 24, 2021, the value of the collateral is 249954500 yuan.
5、 Opinions of the board of directors
The board of Directors believes that: the guaranteed is the secondary subsidiary of the company. Due to the needs of daily operation, it applies for financing to ensure the capital demand. Mutual insurance between subsidiaries is conducive to promoting its business development. According to the asset quality of the guaranteed Yangzhou TEDA environmental protection, the board of Directors believes that the guarantee risk is controllable and there is no damage to the interests of the company.
6、 Accumulated external guarantees and overdue guarantees
(I) this guarantee is the mutual guarantee of subsidiaries, which does not occupy the guarantee amount of 2021 approved by the general meeting of shareholders of the company, and the total amount is still RMB 12.1 billion.
(II) after this guarantee, the balance of guarantees provided by the company and its holding subsidiaries was 9.208 billion yuan, accounting for 185.35% of the total audited net assets of the company in the latest period.
(III) according to the company’s system, the company and its holding subsidiaries do not provide guarantees for companies outside the consolidated statements, and the total balance is 0.
(IV) the company has no guarantee corresponding to overdue debts, guarantee involving litigation and guarantee liability due to losing the judgment.
7、 The list of documents for future reference (I) Tianjin Teda Co.Ltd(000652) resolution of 2020 annual general meeting of shareholders (II) Tianjin Teda Co.Ltd(000652) resolution of the second extraordinary general meeting of shareholders in 2021 (III) shareholder decision of Yangzhou Wanyun construction and Development Co., Ltd. is hereby announced.
Tianjin Teda Co.Ltd(000652) board of directors
January 22, 2022
