Non -operating funds from major shareholders involved in the University of China occupied *ST Kaile semi -annual recruitment exchange inquiry letter

Economic Observation Network Cheng Jiulong Intern Zheng Yulin Li Gani/Wen was in the critical period of*ST Kaille (600260) bankruptcy reorganization. The company was asked by the Shanghai Stock Exchange for the recent semi -annual report of 2022. On September 23,*ST Kaile issued an announcement that the company recently received inquiry letters such as the Shanghai Stock Exchange's supervisory department on issues such as non -operating occupation of major shareholders involved in the company's semi -annual report. On the same day,*ST Kaile's stock price fell 4.4%to close 2.61 yuan.

According to the announcement information,*ST Kaile disclosed in the semi -annual report of 2022, and at the end of the reporting period, the company's controlling shareholder Jingzhou Keda Trading Co., Ltd. (hereinafter referred to as Kodak Trading) non -operating company occupied 66.667 million yuan in funds. The balance is 6.0236 million yuan.

The semi -annual report shows that the reason for this matter was that in February 2022, the court's freezer from the company's freezing basic account was paid to Zhuzhou High -tech Power Industry Investment Development Co., Ltd. (hereinafter referred to as Zhuzhou High -tech), and Zhuzhou High -tech For the common supplier, Koda Trading is currently not capable of paying the amount in cash because the account freezing is unable to reach an agreement with the company. It is clearly agreed that one -third of the above -mentioned money will be paid immediately after the CICT trading account is unsealed. Passive formation of new funds.

In the inquiry letter of the Shanghai Stock Exchange, the company asked the company to supplement the disclosure: (1) Combining related lawsuits and exchanges, the company and the company's business reached an agreement background, time, money deduction time, etc. It was only announced, and the disclosure of the semi -annual report disclosed the specific reasons for the amount of daily amount and the end of the report; Relevant guarantee measures; (3) Whether there are other non -operating occupation and illegal guarantees, except for the disclosed funds that have been disclosed.

According to the relevant regulatory requirements,*ST Kaile will reply to the inquiry letter within ten trading days and announce it. According to the Economic Observation Network, behind the occupation of non -operating funds of major shareholders is the increasing debt crisis of*ST Kaile.

In 2021,*ST Kaile's business mines, the company's main bank account was frozen, and production and operation activities were seriously affected. Financial data shows that the company's loss in 2021 reached 8.47 billion yuan. More than that, its annual report disclosed that as of December 31, 2021, the balance of Kaile Technology and currency funds was 401 million yuan, of which the acceptance deposit and credit deposit deposit were limited to 319 million yuan. 100 million yuan, the remaining freely dominated cash and cash equivalents totaling 46 million yuan; Kaile's current liabilities at the end of the current period of 4.979 billion yuan, of which the principal of the long and short -term borrowings was 1.642 billion yuan. The company's short -term debt repayment pressure is high.

In this context, on February 17, 2022, the creditor Hubei Xin Light Plasticization Co., Ltd. Shashi Branch of Hubei Xinhua Co., Ltd. failed to pay off debts due and lacking the capacity of clear claims. Essence On March 14, the company received the "Decision Letter" delivered by Jingzhou Intermediate Court [(2022) one of the No. 10 Shishen No. 1].

But the road of reorganization of listed companies is not smooth. On July 5th,*ST Kaile issued an announcement on the progress of public recruitment and selection of reorganization investors. The temporary manager negotiated with the selected investors on the specific matters of the reorganization of the investment agreement, but the reorganization investment agreement was not on The specific content reached an agreement with the high -election investors, and the reorganization investor letters to terminate the investment matters.

The latest reorganization progress shows that on September 7 and September 8,*ST Kaile received the "Hubei Provincial Intermediate People's Court of Hubei Province Intermediate People's Court on Extending Hubei Kaile Technology Co., Ltd.'s pre -reorganization period" Announcement "[(2022) Hubei 10 Shoshen No. 6] and" Decision on the Intermediate People's Court of Jingzhou City, Hubei Province "[(2022) Hubei 10 Break Shen No. 5], Jingzhou Intermediate Court according to the company's temporary manager For the application, it was decided to extend the pre -reorganization period of Hubei Kaile Technology Co., Ltd. for one and a half months, that is, from September 15, 2022 to October 29, 2022.

This means that the reorganization of*ST Kaile, which has attracted much attention from the market, is expected to be seen at the end of October. If the reorganization fails, the company will have the risk of being declared bankrupt, and the company's stock will also be terminated

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