Dairy giants have just retired and they are applying for bankruptcy.

Due to the unable to clarify the debt, the well -known dairy giants from the A -share refund of the market have been applied for bankruptcy and reorganization by creditors.

On September 9th, Kody Dairy issued an announcement that the company received the "Civil Ruling Book" issued by the Shangqiu Intermediate People's Court. Di Dai's bankruptcy reorganization application.

Picture source: company announcement

Applying for bankruptcy and reorganization

On September 9th, Kody Dairy issued an announcement that the company received the "Civil Ruling Book" issued by the Shangqiu Intermediate People's Court of Henan Province on September 8, 2022. The Shangqiu Intermediate People's Court The company's application has ruled on September 8th to accept the application for bankruptcy and reorganization of Kydai Dairy.

The Shangqiu Intermediate People's Court believes that the respondent Cody Dairy has not been able to pay off the debt due, and it is obviously lacking the ability to settle. According to factors such as Kudy Dairy's asset status and industry prospects, it can basically determine its reorganization value. In accordance with the relevant provisions of the "Enterprises of the People's Republic of China", the applicant's application for the application for the applicant's bankruptcy and reorganization of the applicant's applicant's Cord Dairy.

Kydai Dairy said that the company will timely fulfill the information disclosure obligation in a timely manner according to the process of reorganization. Given that the company's application for bankruptcy and reorganization has been accepted, during the bankruptcy reorganization, the company has the risk of being declared bankrupt and bankruptcy.

Picture source: wind

List of the person who was included in the dishonesty executor

Data show that at the end of the report of the 2021 annual report, the balance of liabilities of Cody Dairy was 1.967 billion yuan, of which the short -term borrowing of 560 million yuan was overdue, and the asset -liability ratio was 96.43%. Due to the tight funds of the company and subsidiaries, at present facing more judicial lawsuits, related lawsuits have caused some of the company's account to be frozen, the company has been included in the list of dishonesty executives, and the frozen of major bank accounts has a significant impact on the company's production and operation activities on the company's production and operation activities. Essence

Back to the announcement that due to the audit report issued by the 2020 financial report, Kody Dairy Stocks were issued by the delisting risk warning from May 6, 2021, and the stock abbreviation became "*ST Cody". The financial report in 2021 shows that Cydier Dairy realized operating income of 591 million yuan, an increase of 24.22%year -on -year; net profit was 69.048 million yuan, an increase of 105.69%year -on -year.

Despite the turn of losses, the type of opinion issued by the accounting firm on the 2021 financial report is still unable to express their opinions. Touching the termination of the relevant stocks of the Shenzhen Stock Exchange, the Shenzhen Stock Exchange decided to terminate the listing of Kody Dairy stocks.

On June 23, Kody Dairy, who was listed for 7 years, was delisted by the Shenzhen Stock Exchange. On August 24, the company's shares began to be listed on the New Third Board. As of September 9, the transfer price was 0.72 yuan/share, with a total market value of about 788 million yuan.

Zeng Haoyan is better than Mongolian Niu Yili

Public information shows that the main business of Kody dairy industry is the research and development, production and sales of dairy products, dairy beverages and beverages, and supporting dairy breeding, breeding and sales. The company was established in 2005 and was listed on the Shenzhen Stock Exchange in June 2015.

In 2016, Kody Dairy launched a transparent packaging "net red little white milk", which quickly swept the entire Henan market and moved towards the country. The founder of the company Zhang Qinghai has publicly stated that Cepy Dairy must be built as a "central milk carrier" that is Banomon and Yili.

In 2019, Kody Dairy's arrears of hundreds of millions of milk in dairy farmers broke out and intensified. Since then, the company's financial fraud, controlling shareholders' violations of regulations and illegal guarantees have been exposed. On August 16, 2020, the CSRC filed a case for investigation. The survey results of the CSRC showed that from 2016 to 2018, the company's cumulative increasing revenue was 843 million yuan, and its profits increased by about 300 million yuan.

At the same time, the company's controlling shareholder Cody Group also broke out of the debt crisis. In September 2021, 10 companies including Kody Group were ruled to enter the reorganization process. On April 22, 2022, Cordi Group and other companies merged the reorganization plan approved by the court.

- END -