Selling 5 billion yuan a year of grapefruit tea quietly from the supermarket offline, sales dismal net loss of 4.2 billion yuan

Source: China Fund Newsoriginal title: Huge loss of $4.2 billion! Fan Bingbing, Zhou Winter Rain have drunk grapefruit tea to be liquidated, a year has sold 50 billion!once sold 5 billion yuan a year of grapefruit tea quietly from the supermarket offline, no tracerecently, Beijing, Shenzhen, Wuhan and other reporters visited found that Tian-Wow International's products in the major business super and convenience stores including the United States, Carrefour, Yonghui, box horse fresh raw, convenient bees and so on have been off the shelves of Tian-Oh international related products, in addition to the day oh pistachios, pork and other snack products, once a single product sales of hundreds of millions of dollars of star products Oh honey tea is also difficult to find tracesat the same time, Tianoh International updated the latest news of its own liquidation petitionaccording to the announcement, the Grand Court has adjourned the petition hearing further until 23 January 2020The petition is scheduled to be heard at 10 am on 22 January 2020 and the company intends to apply for an adjournment hearingthe company's shares continue to be suspendedexit line to switch to the linesales dismal net loss of 4.2 billion yuanDay Oh International not only exited the offline business super channel, online channels are also sales dismalOnce famous in the first world war, the tian-oh grapefruit tea in The Tmall flagship store sales of only more than 200 pieces, while Taobao customer service said that the current tea is only available in Jiangsu, Zhejiang and Shanghai-day oh international website shows that Tian-Oh International has Shanghai, Fujian, Wuhan, Chengdu, Inner Mongolia, Tianjin and other ten production parks, to Wuhan Park, for example, Wuhan Tianoh Tea Factory in May 2011 officially put into operation, the plant covers an area of 18,000 square meters, currently a total of three beverage production lines, annual output of up to 18 million piecesit can be assumed that Tianya International's plants outside Shanghai are in a state of shutdown's 2018 financial results show that TianaO International lost about 4.174 billion yuan in 2018, and in its 2019 semi-annual report, which was delayed, TianaO International reported a net loss of about 60.94 million yuan in the first half of 2019, a total loss of more than 4.2 billion yuanFan Bingbing, Li Minxuan, Li Yuchun endorsementonce sold 5 billion in 2013, Tian Oh International please be the red actress Fan Bingbing endorsement, with "beautiful and beautiful to drink what, Oh honey tea" this slogan, has become one of the young people's popular drink With this beverage alone, Sky International's 2013 revenue reached 4.726 billion yuan That is, in this year, Tian Oh International successfully landed on the Hong Kong Stock Exchange known as the "star harvester" of the heavens and the international in the next three years, respectively invited Zhang Xueyou, Li Yuchun, Li Minyu, Huang Xiaoming, Wu Xiubo, Zhou Dongyu and other stars in different periods of the voice of the heavenly charcoal-fired milk tea, iced black tea, C full E, Jingong quan, honey tea and other types of beverages at the same time, Tian-Oh International's revenue is around 5 billion yuan, revenue growth is high and low, overall sales momentum has begun Chairman's Day Oh International Business Stalls May 4, 2018, the Hong Kong Stock Exchange listed Tianoh International announced a brief suspension of trading, and will issue the company's then chairman of the board of directors, executive director, chief executive officer and controlling shareholder Lin Jianhua constitutes insider trading notice of the company, causing an uproar six days later, on the evening of May 10, Tian-Oh International officially announced that Lin Jianhua is assisting the relevant departments to investigate the news, Lin Jianhua has been absent from work since May 2, the company can not contact directly or contact him directly according to the International Bulletin of Tian-Oh, the investigation matters and with Tian-Wow business has close contact with Nanpu Food (Group) Co., Ltd Nanpu Food is also Lin Jianhua in 1992 to create a first-hand food and beverage and import liquor group , as the controlling shareholder and chairman of Tian-Wow International, Lin Jianhua owns 1.425 billion shares of the company, accounting for about 64.62 percent of the company's total share capital Mr Lin's 25-year-old son, Lynch, was quickly appointed as the new chairman of the board August 17, 2018, Tianao International announced a pre-loss announcement, revealing that the Company's unusual transactions in 2017 amounted to 2.135 billion yuan, and due to the above transactions expected its first-half 2018 results of a significant loss announcement disclosed that, in addition to borrowing 450 million yuan from banks, since January 1, 2016, a number of its subsidiaries have paid a total of 1.685 billion yuan in advance payments, in addition to 639 million yuan to Shanghai Tianpu Foods, the remaining more than 1 billion yuan were paid to Weiyi International Trade, but Tiana International and its subsidiaries did not receive any goods and just a week before the announcement of the pre-loss, Tian oh international has been suspended, so far the resumption of trading is far from certain From listing to suspension, Tianao International's share price has fallen 86.46% international is facing bankruptcy liquidation young Lynch does not seem to be able to turn around the stalled Sky Oh international November 12, 2018, Tianao International announced that a creditor had filed a winding-up petition with the Cayman Islands Grand Court for the company's liquidation The liquidation petition seeks the appointment of the company's joint formal liquidator, which is scheduled for a hearing on 12 December, a month later , Tianya International is also seeking to appoint the company's low-level intervention in the common interim liquidator to restructure as an alternative to mandatory liquidation The hearing on the application of the co-provisional liquidator will be held at the Grand Court of the Cayman Islands on 16 November insiders believe that looking for liquidators indicates that the company will go into liquidation In the above announcement, the creditors are looking for a "formal liquidator", and Tian-OhInternational is looking for a "common temporary liquidator", which means that the creditors want to liquidate, but the debtor wants to fight for a little swing time since then, Tianya International has been seeking a adjournment hearing to buy time for the debt restructuring Earlier, Tianao International disclosed that it was in advanced discussions with two potential investors about restructuring Source: China Fund