How Do We Go After The Failure Of The Restructuring?

Last year, the business revenue of the company was 1 billion 13 million yuan, down 1.62% from the same period last year. Operating profit -0.74 billion yuan, down 10.45% compared with the same period last year, and the operating profit rate further declined.

At the same time, the company's operating income of 108 million yuan from the sale of shops located in Beijing.

The cash flow of investment activities in 2015 was 195 million yuan, an increase of 3148.07% over the same period last year, mainly due to the sale of shops in Beijing during the current reporting period.

It can be seen that the sale of shops has played an important role in improving financial data.

In the face of the new competition pattern, the company is in urgent need of industrial pformation and upgrading, seeking diversified development and new profit growth point.

After this paction, the listed companies will seize the new opportunity to integrate the Internet into the traditional garment industry and complete the pformation to "Internet +".

Based on this, Hinur, who has seen a sharp decline in profits in recent years, has said that when the restructuring plan was launched.

Now, the broken dream of the company has not abandoned: "in the future, the company will continue to follow the development strategy of combining endogenous growth and extension expansion. On the basis of doing well the existing main business, it actively seeks to find new profit growth points through mergers and acquisitions, enhance the overall competitiveness of the company, continue to make the enterprises bigger and stronger, and create greater value for investors and protect the interests of investors."

Due to changes in the market and industry environment, the two sides have not yet reached an agreement on the company's future development strategy. The company has decided to terminate the restructuring of the company with a magnitude of up to 11 billion yuan.

It is worth noting that Hinur's second shareholder Huaxia life has carried out a substantial reduction in the previous month, pferring the total 55 million shares to a price higher than the two market price of about 8%, and a total cash of 840 million yuan.

At that time, it was the period of suspension.

Hinur's high hopes for billions of assets reorganization, after experiencing the bombing of up to 27 problems in the Shenzhen Stock Exchange, finally regretted "abortion".

The Shenzhen Stock Exchange requested that the 100 Internet companies have been replenish and disclose all the business profiles, investment time (month to month), investment amount, shareholding ratio, exit plan and the current evaluation value of all the projects involved in the creation or incubation of the Internet companies, with a focus on whether or not the performance of Xinghe Internet commitments can be realized, and the sources of funds used by the company's actual controllers to participate in the matching fund-raising.

At the same time, according to

The thirteenth provision of major asset reorganization management stipulates that the assets purchased by listed companies belong to specific industries such as finance, venture capital, etc., which are prohibited from backdoor listing. The specific operation shall be separately stipulated by the SFC.

Therefore, the operation nature of Xinghe interconnection has also attracted the attention of the Shenzhen Stock Exchange.

"If it is a venture capital company, please indicate whether this paction plan meets the relevant provisions of the SFC on listing and financing of venture capital institutions, and whether this plan can continue to advance."

The enquiry letter of the Shenzhen Stock Exchange said.

Unexpectedly, it was supposed to have disclosed the explanatory material before January 11th and 21st and sent it to the University of the Shenzhen Stock Exchange, but did not respond until April 14th.

It is emphasized that the introduction of Xinghe Internet is not a venture capital company. It differs from venture capital companies in terms of business and business models, sources of funds, investment fields, exit channels and revenue sources. It has unique business models and core advantages, and is an integrated platform for the Internet.

At the same time, after the completion of the paction, Wang Guibo and his concerted action collectively held 32.60% of the shares of the listed company. Wang Guibo is still the actual controller of Hinur, so it does not constitute a backdoor listing.

However, in the market think Hinur this time.

At last, when the clouds were cleared, the accident was abortive after several days.

In this regard, Hinur said, in the process of promoting, the two sides on the company's future development strategy, and so on, the paction plan to re demonstrate, in view of the current market and industry environment changes, so far, the two sides on the company's future development strategy and other matters have not reached an agreement.

Xinghe interconnection also said that since the start of the reorganization, many changes have taken place in the market and industry environment of the Internet or clothing industry, especially the Internet business environment is changing rapidly. With the expansion of the scale and coverage of the Internet business, the company has further positioned and thought about the future strategy.

However, it is no doubt that Xinghe interconnection is "regrettable" for today's sake.

In recent years, domestic retail recovery progress is lower than expected, and the emergence of new business models, new economy, new technologies and new applications has made traditional industries face pformation.

At the same time, with the change of the macro economy, the commercial revolution driven by the Internet and the mobile Internet has brought unprecedented impact on the traditional clothing industry.

It also faces more difficult business environment than before.

Reporters found that in 2015, Shiner lost profits, earning 22 million 586 thousand yuan, an increase of 148.48% over the same period, but behind the brilliant results, the company's main business is still in the doldrums.