Income tax has not been paid three years ago * ST continents 64 million equity investment has been seized

 Income tax has not been paid three years ago * ST continents 64 million equity investment has been seized

St continent (000571. SZ), which has sustained a loss, is in a bad year.

On June 22, * ST continent received the decision on tax preservation measures (applicable to seizure / seizure) issued by the Taxation Bureau of Haikou Guilin Ocean Economic Development Zone of the State Administration of Taxation on June 15, 2020, which shows that according to the provisions of Article 38, paragraph 1, paragraph 2, and article 40, paragraph 1, paragraph 2 of the law of the peoples Republic of China on the administration of tax collection, Haikou Guilin With the approval of the director general of the tax bureau of the Foreign Economic Development Zone, it is decided to seal up one foreign equity investment in * ST continent from June 19, 2020 to December 5, 2020. If the tax is not paid at the end of the tax payment period, the sealed foreign equity investment will be auctioned or sold off to offset the tax payment according to law.

Of course, if * ST continent is not satisfied with the decision, it can also apply for administrative reconsideration to Haikou tax bureau of the State Administration of taxation within 60 days from the date of receiving the decision, or file a lawsuit to the peoples court within six months from the date of receiving the decision.

The interface news reporter noted that the specific amount of the foreign equity investment is 63.9965 million yuan, and the investee is Shanghai new continent Investment Co., Ltd. * ST continent invests 100% of it, with an investment amount of 300 million yuan. Now the seized equity investment accounts for 21.33% of the total investment. According to the announcement, up to now * ST continent has failed to pay income tax of RMB 48.0543 million (excluding overdue fine) in 2017.

In response, * ST continent disclosed its follow-up plan, that is, it intends to solve the above tax arrears mainly through the disposal of 51.22% equity of Shanghai new continent Logistics Co., Ltd. Meanwhile, Dalian Hesheng Holding Group Co., Ltd., a shareholder holding more than 5% of the companys shares, issued a letter of support to the listed company on March 9, 2020, intending to provide credit enhancement and liquidity loan support for the financing of * ST continent or the designated subject of the company. As the listed company involves many overdue debts, it is currently negotiating with creditors to resolve the risk of debt execution and actively seeking solutions The channel of funds, to solve related problems as a whole.

*St continent is mainly engaged in coal mining and dressing industry, logistics and transportation industry, etc., but it lost 878 million yuan in 2018, and was issued with the audit opinion of refusing (unable) to express opinions; in 2019, it lost 613 million yuan, and the audit opinion of the annual report was reserved opinion; in the first quarter of 2020, it continued to lose 35348500 yuan.

*St continent said that at present, the companys tax rating and credit rating have been significantly negatively affected. For example, the tax bureau of Haikou Guilin ocean economic development zone has taken enforcement measures, the companys assets may be auctioned, and there is uncertainty in its sustainable operation.

Source: interface news Author: Zhao Yangge editor in charge: Wang Xiaowu_ NF