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
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2020
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In order to continue to thoroughly implement the spirit of General Secretary Xi Jinping's important speech and promote the healthy growth of people in the non-public sector of the economy and the healthy development of the non-public sector of the economy in Jinhua, the United Front work Department of the Jinhua Municipal CPC Committee, the Municipal Federation of Industry and Commerce and other units jointly carried out a large-scale publicity campaign of "2016 faith, righteousness and good business. On October 18, reporters from Jinhua TV and Jinhua Daily walked into the peak to fully understand the development process and business philosophy of the peak. Launched a series of reports on "Xinyi Good Wushang", aiming to vigorously promote the deeds of Jinhua's local outstanding enterprises, strengthen the construction of integrity in the non-public economy under the new situation, promote traditional virtues, establish new social fashions, actively practice the core values of socialism, and guide people in the industrial and commercial circles. Be a model of patriotism, dedication, law-abiding management, entrepreneurial innovation, and repaying the society; at the same time, through the required course, improve the internal governance structure and practice internal skills to make "patriotism, dedication, integrity, law-abiding, innovation, and contribution" become the new normal of the enterprise and the enterprise, thereby enhancing the corporate brand. In the face of the collective interview of Jinhua media reporters, Jiang Xiaomeng, chairman of the group company, introduced the arduous course of the development of peak entrepreneurship and the future development ideas of cement, medicine and health industries, and focused on the transformation and upgrading of enterprises, innovation and development, social welfare and other aspects. A series of work done. He said that Jianfeng has a history of 58 years since it started its business. It has always adhered to industry, integrity management, and industry to serve the country. In addition to actively assuming social responsibilities and advocating cadres and employees to participate in social welfare activities, it also strives to protect the natural environment and ecological resources in the process of production and operation,
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