Sudden!Well -known companies are applying for bankruptcy!

On August 9, contemporary Oriental was applied for bankruptcy and reorganization. It is reported that the company has invested in hot dramas such as "The Army Division of the Army Division Sima Yi" and "Hot Blood Changan", and "Beijing Meets Seattle", "The name of the Fa" and "Search Lian".

Producer of "Military Division"

Contemporary Oriental is applying for bankruptcy and reorganization

The Tianyan Check APP shows that on August 9, the new bankruptcy review case was added to the contemporary Oriental Investment Co., Ltd., the applicant was Hu Mou, and the Yuan was the Xiamen Intermediate People's Court of Fujian Province.

Risk information shows that contemporary Oriental Investment Co., Ltd. involves three information of the executors, and has accumulated nearly 400 million targets.

Public information shows that the contemporary Oriental was established in January 1997. It is a legal representative Wang Xi Moxian, with a registered capital of about 792 million yuan, and its business scope contains mining investment; real estate investment, operation, development; cultural communication project investment, management, etc.

Rejuvenate

The market value shrinks from 20 billion to 200 million

The predecessor of contemporary Oriental was a cement company. In 2010, the contemporary group entered Datong Cement with 64.75 million yuan. Since then, the fate of this cement company has undergone tremendous changes, and it has also become a starting point for the "Xiamen Contemporary Department".

In 2014, the M & A Alliance will rely on teams such as contemporary Langxun, Huacai World, and Contemporary Chunhui to continuously expand the number of theater and market coverage. A total of 32 self -operated theaters in contemporary Oriental have 32 self -operated theaters and 209 screens. He also invested in hot dramas such as "The Army Division of the Army Division Sima Yi" and "Hot Blood Changan". It was close to 20 billion yuan.

Picture source: company official website

For a long time, contemporary East has been a successful case of traditional enterprises cross -border transformation of film and television companies. The financial report shows that from 2015 to 2017, contemporary Oriental achieved operating income of 493 million yuan, 986 million yuan, and 820 million yuan, respectively; net profit was 116 million yuan, 189 million yuan, and 155 million yuan, respectively.

However, after 2018, the contemporary Oriental performance declined, and the sequelae and debt issues of mergers and acquisitions have also begun to appear. The shareholders behind the "Contemporary Department" behind the contemporary Oriental are also frozen.

On July 4 this year, contemporary Oriental stocks were delisted by the Shenzhen Stock Exchange, with a market value of only 197 million yuan.

According to the financial report in the first quarter of 2022, the contemporary oriental revenue was about 25.24 million yuan, a year -on -year decrease of 30.63%; the net profit loss attributable to shareholders of listed companies was about 24.93 million yuan; and the basis of basic earnings per share was 0.0316 yuan.

As far as the net profit of the deduction is concerned, the contemporary Oriental has lost 4 years in a row. From 2018 to 2021, the net profit of the deduction of non-returned mother is -1.562 billion yuan, -334 billion yuan, -136 million yuan and -229 billion yuan, respectively. Yuan, a cumulative loss of 2.261 billion yuan.

A group of film and television stars "blood loss"

A group of film and television stars who had taken out huge capital investment companies were also suffering heavy losses.

On June 16 this year, contemporary Oriental disclosed announcement that the shareholders' southern capital -Ningbo Bank -Contemporary Oriental Oriental issued special asset management plan (hereinafter referred to as Southern Capital) intends to settle the company's shares held by the company. The reporter noticed that in the list of Southern Capital Capital, "Crouching Tiger, Hidden Dragon", actor Wu Xiubo, director Tang Jili, and fashion in the fashion industry.

According to disclosure, there are 20 clients of Southern Capital, and the lineup looks quite "luxurious". Wu Xiubo, Su Mang, Tang Jili, etc. are among them. Among them, Wu Xiubo's subscription amount was 15 million yuan, and Su Mang and Tang Jili subscribed 5 million yuan respectively. The equity transfer Fang Cui Bo is also the client of Southern Capital, with a subscription amount of 3.3 million yuan.

The time goes back to 2014, and the contemporary Oriental launches targeted additional issuance. The company intends to raise funds for not more than 2.5 billion yuan at a price of 10.80 yuan/share. The funds are planned to acquire 100%equity of the Dongyang League. Among the issuers, Southern Capital, which is funded by Wu Xiubo, plans to subscribe for 50.9259 million shares.

After that, the contemporary Oriental's above -mentioned decision -making was revised. Finally, it was completed in June 2015. Southern Capital took about 550 million yuan to complete the subscription. In 2016, contemporary Oriental reached 10 shares to all shareholders with capital provident fund, and the total number of capital holdings in Southern Capital increased to 102 million shares.

In this transaction, the price of Southern Capital's plan to reduce its holdings of 93.9381 million shares was 0.27 yuan/share, and the total transfer price was 25.333 million yuan. Earlier, Southern Capital had reduced its holdings of 7.9138 million shares at a price of 6.358 yuan/share in December 2019, and cash out 50.3159 million yuan. In computing, the recycling funds for the recycling of the Southern Capital Holding Holding Holding Holding Holding Holding Holding Holdings is about 75.68 million yuan, which can be described as heavy losses.

Source: China Fund News

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