On the evening of April 16, shede Liquor Co., Ltd. (hereinafter referred to as “St shede”) issued an announcement on the progress of fund occupation of Tianyang Holding Group Co., Ltd. and its related parties. It said that the company received a criminal ruling from Suining intermediate people’s Court of Sichuan Province on Tianyang holding Group Co., Ltd. (hereinafter referred to as “Tianyang holding”) through Tianying chain (Shenzhen) commercial factoring Co., Ltd When the company damaged the interests of the company, the court ruled that the RMB 100 million frozen in the court account of Tianyang holdings was returned to St shede. On April 15, St was willing to receive the payment.
This incident can be traced back to August last year. St shede issued a suggestive announcement on the company’s self inspection of the capital occupation of controlling shareholders and their related parties. According to the company’s self inspection, as of August 19, 2020, Tianyang holdings and its related parties have occupied 440 million yuan of the company’s principal and 34.86 million yuan of interest through non operating funds of Pengshan Liquor Co., Ltd. in Pengxi County, Sichuan Province. Tianyang holdings promised to return all the above-mentioned arrears and corresponding fund occupation fees before September 19.
However, due to the failure of Tianyang holding and its related parties to return the principal and interest of non operational occupation before the commitment date, St shede stock was warned of other risks by Shanghai Stock Exchange, and Tianyang holding gradually lost the actual control of St shede. Beijing Business Daily reporter learned that St shede announced on December 27, 2020 that Suining Public Security Bureau found that Tianyang holdings used foreign investment cooperation with the company to occupy the company’s funds and other criminal clues, and Suining Public Security Bureau is under further investigation. A few days later, the equity of Tuopai shede group held by Tianyang holdings was auctioned by the judicial auction, and Fosun successfully took the upper position. Guo Guangchang, chairman of Fosun international, became the actual controller of St shede.
Beijing Business News (reporter Zhao Fengrui)
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