Willow shares in deep debt crisis restructuring expected to lead to hype power-t420s

Liu of shares in debt restructuring is expected to lead to crisis "speculation power source: WeChat public" red magazine Caijing "Author: well-care Jan two change, major shareholders and major shareholders of listed companies at the same time into a debt crisis, or serious performance loss in cap…… such a tragedy happened in Liu of shares of the body. Poor prospects and smaller market value also stimulated the market’s imagination of the reorganization of willow shares. Many cattle scattered have appeared in the semi annual report on the list of ten major shareholders. The frequent replacement of large shareholders in September 30th, Liuzhou chemical Limited by Share Ltd (hereinafter referred to as the "Liu of shares") announced that, due to the major shareholder of Liuzhou Chemical Industry Group Co. Ltd. (hereinafter referred to as the "Liu of the group") under the Guangxi Railway Development Investment Fund (limited partnership) (hereinafter referred to as the "iron investment fund") the loan principal of 349 million yuan of overdue did not return, the iron investment fund for enforcement, Nanning City Intermediate People’s court and the Supreme Court of Guangxi has two times will be held by the group Liu Liu of shares 36 million 867 thousand and 400 shares transferred to railway investment fund account. In addition, because of the contract dispute caused by the equity pledge of the willow group and Societe Generale Securities, the Zhuzhou intermediate people’s court transferred the 25 million 620 thousand shares of the willow group to Societe Generale Securities according to law. After several judicial mandatory transfer, willow group holdings of willow shares reduced to 8.72%, iron investment fund became the new major shareholder, holding shares of 9.23%. Iron Investment Fund said that in addition to the judicial allocation of shares, the next 12 months will not continue to increase Liu shares. However, the majority shareholder status of iron investment fund did not sit long. Zhuzhou court of justice transferred to Societe Generale Securities of 25 million 620 thousand shares of Liu shares, Societe Generale Securities sold 21 million 553 thousand and 500 shares, in accordance with the court ruling, and the remaining 4 million 66 thousand and 400 shares were returned to the willow group in October 11th. At present, willow group accounts for 9.74% of the total share capital of the company, more than 9.23% of the iron investment fund, once again become a major shareholder of Salix shares. The crisis of willow group is more than that. In addition to the above creditors, Jiangsu bank Shenzhen branch, Shanghai Pudong Development Bank Shenzhen branch, BOC Dongguan branch also sued Liu Hua group, but the court has not yet made a final judgment. The three party has applied for the court to freeze, the willow group holding the shares of Salix shares is 29 million 260 thousand shares, and 117 million 828 thousand and 400 shares are waiting freeze. Willow group admits, "according to Liu group’s current operating and financial conditions, its own ability to repay the debt above". Although Liu Hua group is still a major shareholder, but as long as the above three lawsuits in any creditor’s request to be supported by the court, Liu Hua Group shares were transferred again, Liu group will once again lose the status of major shareholders. Liu Hua shares mainly in chemical industry, the main products are hydrogen peroxide, urea, liquid ammonia and so on. In recent years, the impact of the chemical industry downturn, willow shares net loss of 485 million yuan in 2015. In 2016 1-6 month, Liu operating income shares fell more than 17%, the net loss reached 239 million yuan. Even losing two years, Liu shares 2016 annual report issued by ST processing has been a high probability event. Willow shares were released on October 10th; 柳化股份深陷债务危机 重组预期引来“炒作力量” 文章来源:微信公众号“红刊财经” 作者:惠凯大股东一月两换、上市公司和大股东同时陷入债务危机、业绩亏损严重或将戴帽……这样的悲剧就发生在柳化股份身上。糟糕的前景和较小的市值,也刺激了市场对柳化股份重组的想象空间。多名牛散已经出现在半年报十大股东名单上。大股东频频更换9月30日,柳州化工股份有限公司(以下称“柳化股份”)发布公告称,因大股东柳州化学工业集团有限公司(以下称“柳化集团”)欠广西铁路发展投资基金(有限合伙)(以下称“铁投基金”)借款本金3.49亿元逾期未归还,经铁投基金申请强制执行,南宁市中院和广西高院先后两次将柳化集团所持有的柳化股份3686.74万股股票划转至铁投基金的账户。此外,因柳化集团与兴业证券因股权质押而引发的合同纠纷一案,株洲市中院依法划转柳化集团所持有的柳化股份2562万股股票至兴业证券。经过多次司法强制划转后,柳化集团持有的柳化股份削减至8.72%,铁投基金成为新任大股东,持股权为9.23%。铁投基金表示,除了司法划拨获得的股票外,未来12个月内不会继续增持柳化股份。不过铁投基金的大股东地位并没有坐多久。株洲中院司法划转至兴业证券的2562万股柳化股份股票,兴业证券在卖出2155.35万股后,按照法院裁定,又将剩余406.64万股已于10月11日归还柳化集团。目前柳化集团占公司总股本的比例为9.74%,超过铁投基金的9.23%,再次成为柳化股份大股东。柳化集团的危机不止于此。除上述债权人外,江苏银行深圳分行、浦发银行深圳分行、中行东莞分行也分别起诉了柳化集团,但法院尚未做出最终判决。三方已申请法院冻结的柳化集团持有柳化股份的股权为2926万股,并有11782.84万股处于轮候冻结中。柳化集团坦承,“根据柳化集团目前的经营及财务状况,其自身没有偿还上述债务的能力”。尽管柳化集团目前仍是大股东,但只要上述三起诉讼中任一债权人的要求得到法院支持,柳化集团股份再遭划转,则柳化集团将再次丧失大股东地位。柳化股份以化工产业为主,主营产品为双氧水、尿素、液态氨等。近年来,受化工行业不景气的影响,柳化股份2015年净亏损4.85亿元。2016年1-6月,柳化股份营业收入下跌超过17%,净亏损达到2.39亿元。连亏两年,柳化股份2016年报发布后被ST处理已是大概率事件。柳化股份于10月10日发布公告称,已经向广西高院提起诉讼,起诉贵州鑫悦煤炭有限公司等3家公司。此次诉讼涉案金额为2.44亿元,含债务款1.35亿元、逾期支付债务款的违约金1.06亿元。目前广西高院已经立案。一旦法院裁决柳化股份胜诉,这笔巨额收入将明显改善柳化股份的业绩报表。不过有律师在接受红刊财经记者采访时表示,上述诉讼需要评估的资产非常庞大,手续繁杂,法院处理周期一般很长,“法院不可能在12月底前做出裁决,指望12月底前合并报表来修饰年报的想法不现实”。上市公司债券偿还困难在债务危机中,大股东和上市公司或许会有同病相怜之情。柳化股份于2012年3月发行了“11柳化债”,这笔债券总值5.1亿元,债券期限为7年,票面利率7%。按照发行承诺,债券投资者可以持有到期,也可以在第5年末申请回售给发行人。目前柳化股份业绩滑坡、债务偿付压力巨大。柳化股份2015年经营活动现金流仅0.81亿元,截至6月30日,公司账面上现金和现金等价物仅有3.71亿元。通过营业收入已经无力还款。而在业绩下滑的背景下,银行等外部融资平台也会对柳化股份采取抽贷等措施。一旦外部融资渠道中断,柳化股份偿还这笔债券的压力很大。对此,中债资信评估有限公司出具的报道认为,“预计在2017年3月债券持有人会选择回售的可能性非常大”。壳资源花落谁家此次因柳化集团股权转让而一度成为大股东的铁投基金与柳化股份渊源颇深。柳化股份曾在2015年3月发布了一份定增方案。柳化股份拟非公开发行3.05亿股,募资16亿元。铁投基金拟以10亿元现金认购1.91亿股,定增完成后持股比例将上升为27.11%,柳化集团的持股比例下降为20.55%,铁投基金一跃成为新任大股东。相比柳化集团的惨淡业绩,铁投基金则财大气粗的多。铁投基金实控人为广西国资委,截至2014年底,铁投基金总资产732亿元,营收165亿元,净利润4.2亿元。不过2015年底,因柳化股份涉嫌信披违规,证监会对其立案调查,多名高管遭行政处罚。大股东柳化集团债务危机导致的股份司法冻结也发生于定增方案过审前。最终,柳化股份于今年3月称,定增宣告终止。但铁投基金借壳柳化股份的希望并没有破灭。在柳州市政府于2016年1月出台的《关于全面深化柳州市国资国企改革的实施意见》中,提出要“提高国有资产证券化水平”,支持并引导主业不突出、经营持续亏损并扭亏无望的企业进行重组整合,“通过引入战略投资者参与对柳化公司的转型升级和柳州两面针公司的优化发展壮大”。在股吧和雪球上,有诸多股民期待铁投基金成功借壳柳化股份,并催动股价上涨。除铁投基金外,三股东华融金融租赁股份有限公司(以下称“华融租赁”)也是潜在的借壳方之一。华融租赁持有的柳化股份股权也是来自柳化集团的司法划转。截至6月底,华融租赁持有柳化股份3.71%的股权。华融租赁的母公司华融资产管理公司副总裁曾在2015年表示,华融租赁早有上市打算。是否会变现手中股权走人,还是借壳柳化股份曲线登陆资本市场,铁投基金和华融租赁的态度决定了谁将成为柳化股份的未来主宰。重组预期吸引资金入驻值得注意的是,多名牛散已经潜伏到柳化股份的股东名册中。中报显示,以押宝重组股闻名的牛散沈建法、岳丽英、张雪清均出现在前十大股东中。一位北京的私募界人士向红刊财经记者表示,“柳化股份的壳价值非常大。现在柳化的问题在于,股权被轮流司法划转,大股东自顾不暇,无力回天。再加上债务较为沉重”。wind数据显示,截至今年6月底,柳化股份短期借款为12.44亿元,应付账款达7.79亿元,各项负债合计40.24亿元,其中流动负债达35.56亿元,在2017年6月前到期的负债超过10亿元。目前柳化股份市值仅有33亿元左右,虽然市值小,但负债较高,也对重组方的资金实力提出了很高的要求。上述私募人士认为,柳化股份的重组成功与否,还要看潜在重组方和债权人的态度。“我觉得较为可能的一条路是,破产重整。只要债权人同意转股,加上重组资产好的话,业绩覆盖,没有问题,两三年后又是一条好汉。”尽管柳化股份面临内忧外患,但股价却受到资金的青睐。自8月末以来,已经上涨了30%左右。上述接受采访的私募界人士也表示:“壳股在没有真正重组前,仅凭空虚的预期,也可以能涨能跌。”他表示看好柳化股份的重组预期,股价一旦大跌即敢建仓。股市早报,投资前瞻,涨停预测,牛股捕捉,尽在微信号【凤凰证券】或者【ifengstock】 盘后剖析A股走势,指点明日走势,请关注微信号【复盘大师】或【fupan588】 相关的主题文章: