Multi-party fundraising, Yuetai shares received results. However, the news that the shares have been frozen is still coming. The Yuetai shares hope to resolve the debt default risk and resume normal production and operation. It will take time to realize.

Editor’s note: This article is from WeChat public account: Leju Finance, (ID: lejucaijing), author: Zeng Jia tree, authorized reprint

On October 30, it was reported that the share capital of Yuetai shares was waiting to be frozen.

The controlling shareholder of the company, Guangzhou Yuetai Holding Group Co., Ltd. (“Yutai Holdings”) and its concerted action person, Guangzhou Haocheng Real Estate, holds shares of Yuetai shares and is frozen waiting for a total of 465 million shares. , accounting for 18.32% of the company’s total share capital. It is reported that the freezing of the applicant is Huaxin International Trust, and the reason for the freezing is the loan dispute.

This freeze is only one part of the chain reaction of the debt crisis of Yuetai. Since the beginning of this year, the news that the company’s shares have been frozen has been heard. The root cause of the freeze is that the capital chain of Yuetai shares is stretched.

At the beginning of the year, the concerted action of the controlling shareholder of Yuetai Co., Ltd., Guangzhou Chengqi Group as the guarantor of the 200 million yuan loan of Yuetai shares, its 513 million shares of restricted shares holding Yuetai shares were waiting for the freeze, accounting for 20.24% of the company’s total share capital.

In July, Yuetai Holdings, the controlling shareholder of Yuetai Shares, and its shares held by the concerted parties were frozen, and the frozen shares accounted for 59.22% of the total number of Yuetai shares. This time, the concerted action covers most of the top ten shareholders of Yuetai Co., Ltd., such as Chengqi Group, Guangzhou Haocheng, Guangzhou Jianhao, Guangzhou Xinyi, and Tibet Brown Maple.

On September 20, due to failure to repay the loan as scheduled, Yuetai shares once again fell into the dilemma of the stock being frozen, with a freeze period of three years. Specifically, Yuetai Holdings borrowed 300 million yuan from the State Investment Taikang Trust. After repaying part of the loan principal, it still owed a loan principal of about 249 million yuan, so the shares were not accidentally frozen.

Freeze the Yuetai shares in

Leju Finance has been informed that at present, most of the top ten shareholders of Yuetai Shares have been pledged and have not been detained, totaling 1.627 billion shares, accounting for 64.15% of the total share capital of Yuetai. high.

Since this year, in order to bail out the listed company, the actual controller Yang Shuping has sought financing from many parties, including obtaining the North.The credit of the International Trust also includes the sale of the project to Shimao.

On April 24, Yuetai Co., Ltd. announced that Northern International Trust will provide a credit limit of not more than 6.3 billion yuan.

Among them, Northern Trust will be through the debt restructuring and new development funds, the 70th floor of Jiangmen Yuetai, the name of Guangzhou Swan Bay Phase II and Guangzhou Qiaolinyuan, and Jiangmen Yuetai Real Estate Co., Ltd. Huainan Hengsheng Swan Bay Real Estate Co., Ltd. under the name of Huainan Park Swan Bay, Huainan Yuetai Swan Bay Real Estate Co., Ltd. under the name of Huainan Dongshan Swan Bay, a total of five projects, providing financing of about 4.8 billion yuan.

But even so, Yuetai shares still feel that they can’t solve their urgent needs, so it only sold more than a month, and it sold the project and survived.

On June 9, Yuetai Co., Ltd. announced that it has signed a transfer agreement with Shimao Real Estate to expand the Huainan Dongshan Swan Bay Project, Guangzhou Swan Bay Phase II Project, Guangzhou Jiasheng Project, Huainan Park Swan Bay Project, and Zhonghaofeng Investment Development Co., Ltd. The company’s 20% equity was transferred to the latter, and the transaction consideration totaled 6.397 billion yuan.

Multi-party financing, Yuetai shares received results. The third quarterly report showed that Yuetai shares had a short-term loan of 940 million yuan, down 74.73% year-on-year; long-term loans were 1.068 billion yuan, down 36.67% year-on-year. However, the news that the shares have been frozen is still coming. The Yuetai shares hope to resolve the debt default risk and resume normal production and operation. It will take time to realize.