Announcement on the progress of the disposal of assets by the holding subsidiary.
Release time:
2020-08-05
Securities Code: 600668 Securities Abbreviation: Jianfeng Group No.: Pro 2019-006
Bond Abbreviation: 13 Peak 02 Bond Code: 122344
Zhejiang Jianfeng Group Co., Ltd.
Progress Announcement on Disposal of Assets by Holding Subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and shall bear individual and joint liability for the authenticity, accuracy and completeness of its contents.
Overview of 1. Disposal of Assets
December 26, 2018 , the 8th meeting of the 10th Board of Directors of Zhejiang Jianfeng Group Co., Ltd. (hereinafter referred to as "the Company") passed the "Proposal on Disposal of Assets by Holding Subsidiaries". The Jinhuashan Tourism Economic Zone Management Committee (hereinafter referred to as the "Jinhuashan Economic Management Committee") and the company's holding subsidiary Zhejiang Jianfeng Cement Co., Ltd. (hereinafter referred to as "Jianfeng Cement") signed the "Agreement" to collect Jianfeng Cement's location in Jinhua Ten land use rights and other assets that were idle after the elimination of backward production capacity within the jurisdiction of the Tourism Economic Zone Management Committee, jinhua Mountain Economic Management Committee will compensate the land use right, buildings and structures on the land, seedling greening, etc., with a total compensation of 112 million yuan. For details, please refer to the Announcement on Disposal of Assets by Holding Subsidists (Pro 2018-032) disclosed by the Company on December 26, 2018.
2. Progress
On December 29, 2018 , Jianfeng Cement received the first 30% compensation 33.6 million yuan paid by Jinhua Mountain Economic Management Committee. On March 29, 2019, Jianfeng Cement received the second phase of 70% compensation 78.4 million yuan. So far, Jinhua Mountain Management Association has paid the full compensation to Peak Cement.
At present, Jianfeng Cement and Jinhua Mountain Economic Management Association are going through the procedures of asset transfer and cancellation of real estate certificate and land certificate. According to the agreement, after the Jinhua Mountain Management Association pays the above compensation, Peak Cement shall actively cooperate with the Jinhua Mountain Management Association to handle the cancellation of the property certificate and land certificate, and complete it within 6months after the agreement comes into effect.
Impact of 3. on the CompanyPeak Cement disposes of idle assets, improving the efficiency of the use of the Company's assets and further optimizing the Company's asset structure. At the same time, after the completion of all asset transfer and real estate certificate, land certificate cancellation procedures, will increase the peak cement asset disposal income of about 10050
yuan.
4. Risk AlertThe full compensation received by Peak Cement this time is the
phased progress of the above-mentioned asset disposal . According to the relevant provisions of the Accounting Standards for Enterprises, the revenue recognition still needs to complete all physical asset transfer and cancellation of real estate certificate and land certificate. There is still some uncertainty as to whether these procedures can be completed on schedule. Investors should pay attention to investment risks.
Zhejiang Jianfeng Group Co., Ltd.Board of Directors
April 1, 2019
More information
2020
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2020
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City Red Cross thanks spike help "anti-epidemic"
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2020
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City Red Cross thanks spike help "anti-epidemic"
On February 26, Jinhua City Red Cross Party Secretary, Executive Vice President Shi Yiwei and his entourage to visit the peak, the peak in the prevention and control of the new coronary pneumonia epidemic actively contribute to love, brave social responsibility of the great love and kindness to express gratitude. Jiang Xiaomeng, chairman of the group company, Huang Jinlong, deputy general manager of the group company and general manager of the pharmaceutical company, and Xiang Chongping, deputy general manager of the group company, had a discussion with Vice President Shi Yiwei and his party. In order to solve the difficult problems for caring enterprises to resume work and production, the Municipal Red Cross Society, based on its own functional positioning and giving full play to its unique advantages, conducted a large feedback and return visit to caring enterprises, and jointly established three Red Cross volunteer service teams, including traditional Chinese medicine service, psychological assistance, and emergency rescue training, to take "eight measures" to help caring enterprises resume work and production. Vice President Shi Yiwei led the backbone of three volunteer service teams to the peak for a return visit, expressing his gratitude for the contribution made by the peak in the prevention and control of the new coronary pneumonia epidemic, and sent a letter of thanks and the "New Coronary Pneumonia Prevention and Control Enterprises Resuming Work and Resuming Production Protection Manual". Chairman Jiang Xiaomeng introduced the industrial layout, production and operation of the peak, focusing on the resumption of work and production of the peak enterprises, and put forward opinions and suggestions on the reduction and exemption of basic electricity charges for enterprises, the support policies for small and medium-sized enterprises, and the payment of "five insurance and one fund. (Reporter Ni Yingzhen)
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