* ST Kangde has been offered 150 million guaranteed production by Hengda Debt Collection Company.

category:Finance
 * ST Kangde has been offered 150 million guaranteed production by Hengda Debt Collection Company.


Evergrande Life Debt Collection

The announcement showed that the plaintiff, Hengda Life, sued the court for rescission of the transaction contract with * ST Kangde on the second interim note of 2017 (hereinafter referred to as 17 Kangde New MTN002); Hengda Life also requested the court to order * ST Kangde to return 200 million yuan of the investment principal paid by Hengda Life and to pay 99.6 billion yuan of interest. 910 thousand yuan.

* ST Kangde said that the company will take relevant measures to actively safeguard the rights of the company and protect the legitimate rights and interests of the company and all shareholders from infringement.

In view of the special situation of debt crisis and suspected financial fraud, STKang was issued by the Securities Regulatory Commission, and the incident has aroused widespread concern in the market. In the evening of September 10, STKang issued a bulletin disclosing its recent major work and related information.

Territorial government intervention in relief

According to the semi-annual report released on the evening of August 30, affected by the debt crisis, the company faced the dilemma of capital shortage and customer churn in the first half of 2019, and its profits declined significantly. During the reporting period, the company realized 843 million yuan in business income, a decrease of 88.36% compared with the previous year; the total profit loss was 658 million yuan, attributable to the parent companys net profit loss of 669 million yuan. It is said that as of the announcement date of the report, the company has not yet had a major business disposal plan and a bankruptcy reorganization or liquidation plan for decision-making.

* ST Kangde stressed in its announcement on the evening of September 10 that the territorial Government and relevant departments had actively intervened to help * ST Kangde set up a special relief platform company as the main body of collection and payment, to ensure the companys continued operation, and to provide 150 million yuan of financial support to ensure normal production. At present, the relevant government departments also make every effort to assist the company to recover large amounts of illegal funds, and all of them are used to protect the companys employeeswages and the companys basic production and operation capital needs, to a certain extent, to alleviate the pressure of the companys short-term fund gap. * ST Kangde said that the company will continue to increase the collection of recoverable accounts from production, trade, investment and other aspects. The company will further ease the pressure of funds, safeguard the legitimate rights and interests of the company and protect the interests of employees. In addition, the company is also actively taking measures to carry out the SFCs defense hearing. * ST Kangde stressed that although the companys market share has declined at present, it still has considerable competitive advantages in the market due to the advantages of technological innovation, high-tech content and high quality of products. The customer base for the company to resume sustainable operation still exists in the future, and the normal production order will be gradually restored in the next step. u3002 Source: Responsible Editor of Securities Times: Yang Bin_NF4368

* ST Kangde stressed in its announcement on the evening of September 10 that the territorial Government and relevant departments had actively intervened to help * ST Kangde set up a special relief platform company as the main body of collection and payment, to ensure the companys continued operation, and to provide 150 million yuan of financial support to ensure normal production. At present, the relevant government departments also make every effort to assist the company to recover large amounts of illegal funds, and all of them are used to protect the companys employeeswages and the companys basic production and operation capital needs, to a certain extent, to alleviate the pressure of the companys short-term fund gap.

* ST Kangde said that the company will continue to increase the collection of recoverable accounts from production, trade, investment and other aspects. The company will further ease the pressure of funds, safeguard the legitimate rights and interests of the company and protect the interests of employees. In addition, the company is also actively taking measures to carry out the SFCs defense hearing.

* ST Kangde stressed that although the companys market share has declined at present, it still has considerable competitive advantages in the market due to technological innovation, high-tech content and high-quality products. The companys customer base to resume sustainable operation still exists in the future, and the next step will gradually restore normal production order.