Well -known brands, apply for bankruptcy and reorganization!

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 (hereinafter referred to as the "interoperability") application, on September 8th, ruled that the application for bankruptcy and reorganization of Kydai Dairy in mutual communication.

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.

Because of the audit report issued by the 2020 financial report, Kody Dairy's stock was issued by the delisting risk warning from May 6, 2021, and the stock abbreviation became "*ST Ceyi". In order to avoid delisting, Kody Dairy must meet the net assets of 2021, and the 2021 annual report as a standard opinion report. Cydier Dairy's 2021 financial report showed that its revenue was 591 million yuan, an increase of 24.22%year -on -year; net profit was 69.048 million yuan, a year -on -year increase of 105.69%.

Despite the turn of losses, due to accounting firms issued a "unable to express opinion" audit report on the annual report, the Shenzhen Stock Exchange decided to terminate the listing of Kody Dairy stocks, since June 1, 2022, Enter the period of delisting from the day. On June 23, Kody Dairy was delisted.

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

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