Involved in TCL repayment dispute, Kangde’s new part of Suning Bank’s shares will be auctioned at a 30% discount

Involved in TCL repayment dispute, Kangde’s new part of Suning Bank’s shares will be auctioned at a 30% discount
Sauna Night News (Reporter Xiao Wei Li Yunqi) Commercial Factoring of Listed Companies Kangde New Composite Material Group Co., Ltd. (Stock Abbreviation: * ST Kangde 002450) and TCL Technology Group Co., Ltd. (Stock Abbreviation: TCL Technology 000100)The company’s repayment disputes have made new progress, and Kang Dexin holds Jiangsu Suning Bank Co., Ltd. (hereinafter referred to as “Suning Bank”) 2.24% of the shares will be auctioned.  On March 18, Kangde ‘s new announcement announced that it had received the Beijing First Intermediate People ‘s Court (below) for the lawsuit against TCL Commercial Factoring (Shenzhen) Co., Ltd. (hereinafter referred to as “TCL Commercial Factoring”).) “2019 Beijing Intermediate People ‘s Court”) (2019) Jing 01 No. 929 “Notice”.According to corporate surveys, TCL Commercial Insurance is 100% controlled by TCL Financial Holdings Group (Guangzhou) Co., Ltd. and 100% controlled by TCL Technology.  The “Notice” shows that in the case of the enforcement of the arbitration award of both parties, the Beijing No. 1 Intermediate Court held Kangdexin in accordance with Article 14 of the “Provisions of the Supreme People’s Court on the Auction and Sale of Property in Civil Execution of the People’s Court”Suning Bank 2.24% of the shares are auctioned.  The auction was conducted on the Ali Judicial Auction Platform at the beginning of this year from 10:00 on April 16 to 10:00 on April 17.Sauna and Yewang learned from the Ali Judicial Auction Platform that the evaluation price and starting price of the auction were 1, respectively.361.5 billion and 95.3 million yuan, equivalent to about 30% off the start.The screenshots from the Ali Judicial Auction Platform’s review of Kangde’s new past announcement found that on December 21, 2016, it disclosed the announcement of its participation in the establishment of Suning Bank and the approval of the preparation.The announcement showed that Suning Yunshang Group Co., Ltd., Sunrise Oriental Solar Co., Ltd., Kang Dexin and other promoters respectively contributed 1.2 billion yuan, 9.4.4 billion, 3.9.2 billion and 14.64 trillion, with a total of 40 trillion, Suning Bank was established, and Kangdexin held 9% of the shares.80%.  In the final press release, I hope to show that Kang Dexin still holds Suning Bank9.80% equity.Beijing First Intermediate People’s Court commissioned Suzhou Mingdian Asset Appraisal Office (General Partnership) to report the report, and Kang Dexin held Suning Bank9.The investment cost of 80% equity is 3.US $ 9.2 billion, with an evaluation value (reference price for equity disposal) of 5.956.5 billion, estimated value added 2.0365 billion.  Kang Dexin pointed out in the announcement that the auction is still in the publicity stage, and there are uncertainties in the auction results. Subsequent bidding, payment, and allocation changes will be replaced. The company will pay attention to the subsequent progress of the judicial auction.And promptly summarize information disclosure obligations, investors are invited to pay attention and pay attention to investment risks.  In the first quarter of last year, TCL Commercial Factoring filed an arbitration application with the China International Economic and Trade Arbitration Commission (hereinafter referred to as “China CIETAC”), requesting the respondent Zhangjiagang Kangdexin Photoelectric Materials Co., Ltd.Zhangjiagang Optoelectronics “) also repaid 75 million yuan of principal and 89 interest.660,000, the respondent also included Kang Dexin and its major shareholder Kang De Group.  After the CIETAC’s ruling, TCL Commercial Factoring applied to the court for compulsory execution, and the Beijing First Intermediate People’s Court filed a case for enforcement on October 11, 2019.On December 6, last year, Kangdexin announced that Beijing No. 1 Intermediate Court was implementing TCL and Kangdexin, Zhangjiagang Optoelectronics.An Intermediate People’s Court decided to separate Kang Dexin and Optoelectronics from the list of persons whose dishonesty was executed. Reporter Xiao Wei, Li Yunqi, editor Sun Yong proofreading Chen Diyan, reporter contact email: xiaowei @ xjbnews.com