On April 2, Baoneng Group’s official WeChat account released news It is said that on March 28, Yao Zhenhua, chairman of Baoneng Group, introduced the progress of Baoneng Group’s current liquidity difficulties resolution at the March chairman’s office meeting presided over.
Yao Zhenhua said that regarding the payment of wealth management products, the pre-payment has been realized as agreed, and the follow-up payment is being actively promoted; in terms of litigation and reconciliation, most financial institutions have seen the treasure The company’s asset strength, problem-solving attitude and ability, and willingness to meet Baoneng halfway and reach a settlement; in terms of asset disposal, significant progress has been made in the disposal of some bulk assets, and the relevant process is being accelerated.
Yao Zhenhua said at the meeting, “This round of temporary difficulties occurred during the strategic transformation of Baoneng, and it is a wake-up call for the operation and management of the group. Therefore, we have deeply reflected on this, took decisive measures, and survived the most difficult period.”
Regarding the business goals, Yao Zhenhua also works on various business sectors. made a request.
Yao Zhenhua mentioned that first, we must make every effort to promote business reform and further optimize the business plan; business management must truly break through and improve, be deep and solid, and strictly grasp . The second is to learn from excellent benchmarking enterprises, strictly manage, strictly internal control, and management must be strict, tight and ruthless. The third is to promote sales work and financing work as quickly as possible, increase efforts to ensure cash flow and profit contribution, and comprehensively improve the quality of pilot work. The fourth is to comprehensively strengthen organizational construction and talent construction, and build a high-quality professional talent team; strengthen team construction, and focus on improving business development capabilities and modern business management levels, and accelerate the cultivation of a group of advanced management talents.
Previously, the Guangzhou Intermediate People’s Court of Guangdong Province mentioned in the announcement (2021) Yue 01 Min Chu No. 1750 that Yao Zhenhua’s “whereabouts are unknown” has attracted market attention.
On the evening of March 22, according to CCTV financial reports, Yao Zhenhua responded in an interview with CCTV financial reporters: “Baoneng mentioned in the court announcement is related to disputes over financial loan contracts. The case is actually a small business, a logistics project. The loan with Guangzhou Bank is only 700 million yuan, and the bank owes a little interest. Recently, arrangements are being made to resolve it soon. Both parties strive to reach a settlement as soon as possible.Restore a normal win-win cooperation. “
Yao Zhenhua said, “After seeing the news report, we immediately sent someone from the company to get in touch with the Intermediate Court, and received legal documents as soon as possible. We take legal documents very seriously. This time, Baoneng actually encountered some temporary liquidity difficulties. The company attaches great importance to it and takes it seriously. On the one hand, we resolutely disposed of a batch of high-quality assets, and at the same time comprehensively strengthened operation and management, we have achieved phased results and are continuing to improve. “
Due to the liquidity problem of Baoneng Group, Yao Zhenhua previously announced that the company is selling assets of 100 billion yuan, including the Shenzhen headquarters of Baoneng Group, to recover funds.
According to Baoneng Group’s disclosure in October 2021, in terms of the eight key special assets sold, Baoneng Group is launching the headquarters of Shenzhen Baoneng Center, the old renovation project, the former Asset projects located in Shanghai, Shenzhen, Guangzhou, etc. are sold. The above-mentioned projects involve commercial properties, land, commercial complexes, old renovation and equity in high-quality financial companies, etc., with an estimated value of over 100 billion yuan. Baoneng Group expects to repay about 20 billion yuan within 3-4 months. Baoneng Group said in the announcement that some projects have been signed; other projects are in the signing stage, and are in close negotiation or looking for interested parties.
But so far there is no public news that Baoneng has completed the sale of the above-mentioned projects.