1 yuan transfer of subsidiaries Zhengbang technology capital dilemma is still difficult to solve

On August 22, Zhengbang Technology, a "big pig farmer", issued an announcement that it intends to transfer its subsidiary

1 yuan "fire sale" subsidiary

Zhengbang Technology, which has repeatedly fallen into financial crisis, has come up with a "new way"

China Business Daily reporter called Zhengbang Technology as an investor, and the other party said that the subsidiary fell into losses, and the low-price transfer was conducive to optimizing the company's asset structure and alleviating cash flow pressure

Not only that, in July this year, Zhengbang Technology has "dumped" some of the equity of 10 wholly-owned subsidiaries, all of which were transferred

Is zhengbang technology's behavior of transferring subsidiaries at low prices risky? A practitioner of a securities institution told reporters that the low-price transfer of subsidiaries will face two aspects of regulatory pressure, one is the tax department, if there is a declared equity transfer income is lower than the equity corresponding to the company's net asset share, unreasonable gratuitous transfer of equity or shares, etc.

The financial dilemma remains difficult

Before the transfer of the subsidiary for 1 yuan, Zhengbang Technology "did everything in its power" to alleviate the pressure on funds

Not only that, at present, Zhengbang Technology is also accelerating the sale of pigs

It is worth noting that even in this case, Zhengbang Technology is difficult to turn around

Investors close to Zhengbang Technology have calculated an account for the reporter, and the current loans handled by the company in the name of farmers and the loans handled by Zhengbang employees (the operation method is to sign a contract or lease pig farm contract virtually) are expected to add up to 5 billion yuan, with a comprehensive debt of 47 billion yuan and a debt ratio of 248%.

Follow-up financing may be difficult

According to the calculation of the announcement data currently disclosed by Zhengbang Technology, after the sale of the subsidiary, Zhengbang Technology is still "short of money", and the follow-up financing channels are more limited

Industry insiders who have business dealings with Zhengbang Technology have admitted to reporters that the follow-up financing of Zhengbang Technology may be very difficult

For the company's next development, Zhengbang Technology said on the investor platform that in order to further expand the scale of breeding, the follow-up will be through the reduction of controlling shareholders, the sale of idle assets, the introduction of special financial support in multiple ways, including high-quality institutions or government platforms to give guarantees and credit enhancement, apply for the establishment of special funds for debt replacement, transfer part of the equity of subsidiaries and partners to jointly promote industrial ecology and other financing measures, increase capital reserves, and support the sustainable development of

Can Zhengbang Technology resolve the funding crisis? China Business Daily reporters will continue to pay attention