Latest announcement date of asset transaction: November 15, 2006 |
Asset Seller | ICBC |
Asset buyer | Lanzhou Office of China Great Wall Asset Management Co., Ltd |
Transaction subject | The creditor's rights of ICBC to the Company (as of December 31, 2004, the principal of creditor's rights was about 287 million yuan and the corresponding interest owed). |
Transaction amount (10000 yuan) | |
Currency name | RMB yuan |
Base date of assets appraisal | |
Transaction Profile | The Company signed the Debt Restructuring Agreement with Lanzhou Office of China Great Wall Asset Management Co., Ltd. (hereinafter referred to as "Great Wall Company") on November 10, 2006, and Great Wall Company accepted the creditor's rights of Industrial and Commercial Bank of China against the Company (as of December 31, 2004, the principal of creditor's rights was about 287 million yuan and the corresponding arrears). |
Programme progress | Plan of the Board of Directors |
Transaction Date | 2006-11-10 |
Changes in transaction history | |
Date of first announcement | 2006-11-15 |
Latest announcement date | 2006-11-15 |
Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
Impact of the transaction on the information disclosing party | 1. The funds obtained by auction and realization of the collateral (including the realization funds of some collateral received by Great Wall Company) and other means are used to pay off the company's debts, and the amount of debt paid off is 100 million yuan. After the Company has paid off 100 million yuan in full, Great Wall will be relieved of the remaining debt principal of about 187 million yuan and all interest arrears of about 110 million yuan, and the Company will also be relieved of its guarantee liability for the loan of 30 million yuan from Guangxia Pharmaceutical Factory, the holding subsidiary of the Company. 2. As of the date of signing this agreement, Great Wall Company has received 72.65 million yuan from the court in the case of Great Wall Company v. the Company as a deduction for the amount of debt repayment. In case of a shortfall of 27.35 million yuan, both parties shall immediately apply to the Beijing Higher People's Court for transferring 20 million yuan to the account of Great Wall Company, and the remaining 7.35 million yuan shall be repaid by the Company to Great Wall Company through debt. |
Relationship between asset seller and information disclosure party | Other related parties of the company |
Relationship between asset buyer and information disclosing party | No association |
Related transaction or not | no |
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Latest announcement date of asset transaction: September 26, 2005 |
Asset Seller | Industrial and Commercial Bank of China Ningxia Hui Autonomous Region Branch |
Asset buyer | Lanzhou Office of China Great Wall Asset Management Co., Ltd |
Transaction subject | ICBC Ningxia Hui Autonomous Region Branch's loans to the Company, interest receivable and other related rights and interests |
Transaction amount (10000 yuan) | twenty-eight thousand seven hundred and thirty-eight point one five |
Currency name | RMB yuan |
Base date of assets appraisal | 2004-12-31 |
Transaction Profile | The Company recently received the Notice on Transferring Creditor's Rights from Lanzhou Office of China Great Wall Asset Management Co., Ltd., which informed the Company that according to the relevant agreement reached between China Great Wall Asset Management Co., Ltd. and Ningxia Hui Autonomous Region Branch of Industrial and Commercial Bank of China, China Great Wall Asset Management Co., Ltd. enjoys the loan and interest receivable and other relevant rights and interests of ICBC Ningxia Hui Autonomous Region Branch to the Company. As of December 31, 2004, the loan principal balance of the Company in Ningxia Hui Autonomous Region Branch of Industrial and Commercial Bank of China totaled 287.3814802 million yuan. |
Programme progress | Plan of the Board of Directors |
Transaction Date | |
Changes in transaction history | |
Date of first announcement | 2005-09-26 |
Latest announcement date | 2005-09-26 |
Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
Impact of the transaction on the information disclosing party | |
Relationship between asset seller and information disclosure party | Other related parties of the company |
Relationship between asset buyer and information disclosing party | No association |
Related transaction or not | no |
|
Latest announcement date of asset transaction: 2005-05-24 |
Asset Seller | Yuquanying Farm of Autonomous Region Bureau of Land Reclamation |
Asset buyer | Guangxia (Helanshan) Grape Wine Co., Ltd |
Transaction subject | 6000 mu land use right of No.1 grape base |
Transaction amount (10000 yuan) | zero |
Currency name | RMB yuan |
Base date of assets appraisal | -- |
Transaction Profile | Yuquanying Farm of Autonomous Region Bureau of Agricultural Reclamation transferred the 6000 mu land use right agreement of No.1 grape base leased by Guangxia (Helanshan) Grape Wine Co., Ltd., a holding subsidiary of the company, to the wine company |
Programme progress | Agreement on transfer intention |
Transaction Date | -- |
Changes in transaction history | |
Date of first announcement | 2005-05-24 |
Latest announcement date | 2005-05-24 |
Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
Impact of the transaction on the information disclosing party | |
Relationship between asset seller and information disclosure party | No association |
Relationship between asset buyer and information disclosing party | Holding and participating companies of the company |
Related transaction or not | no |
|
Latest announcement date of asset transaction: 2005-05-24 |
Asset Seller | Qingtongxia Shuxin Forest Farm |
Asset buyer | Guangxia (Helanshan) Grape Wine Co., Ltd |
Transaction subject | The developed 8000 mu land use right of No. 2 base |
Transaction amount (10000 yuan) | zero |
Currency name | RMB yuan |
Base date of assets appraisal | -- |
Transaction Profile | Qingtongxia Shuxin Forest Farm transferred the developed 8000 mu land use right of No. 2 Base leased by the wine company to the wine company |
Programme progress | Agreement on transfer intention |
Transaction Date | -- |
Changes in transaction history | |
Date of first announcement | 2005-05-24 |
Latest announcement date | 2005-05-24 |
Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
Impact of the transaction on the information disclosing party | |
Relationship between asset seller and information disclosure party | No association |
Relationship between asset buyer and information disclosing party | Holding and participating companies of the company |
Related transaction or not | no |
|
Latest announcement date of asset transaction: 2005-05-24 |
Asset Seller | Yinchuan Forest Farm of Agricultural Reclamation Bureau of Autonomous Region |
Asset buyer | Guangxia (Helanshan) Grape Wine Co., Ltd |
Transaction subject | 7600 mu land use right of No. 3 base |
Transaction amount (10000 yuan) | zero |
Currency name | RMB yuan |
Base date of assets appraisal | -- |
Transaction Profile | Yinchuan Forest Farm of the Agricultural Reclamation Bureau of the Autonomous Region transferred the 7600 mu land use right agreement of No. 3 Base leased by the wine company to the wine company, which will pay a certain transfer fee |
Programme progress | Agreement on transfer intention |
Transaction Date | -- |
Changes in transaction history | |
Date of first announcement | 2005-05-24 |
Latest announcement date | 2005-05-24 |
Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
Impact of the transaction on the information disclosing party | |
Relationship between asset seller and information disclosure party | No association |
Relationship between asset buyer and information disclosing party | Holding and participating companies of the company |
Related transaction or not | no |
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Latest announcement date of asset transaction: October 25th, 2003 |
Asset Seller | Guangxia (Yinchuan) Industrial Co., Ltd |
Asset buyer | ICBC Head Office Business Department |
Transaction subject | The 44-51 and 53-56 floors of Wuhan World Trade Building owned and controlled by the Company Property and property of Building 18, Fangxingyuan District 3, Fangzhuang, Beijing |
Transaction amount (10000 yuan) | thirteen thousand five hundred and ten point one two |
Currency name | RMB yuan |
Base date of assets appraisal | |
Transaction Profile | During the reporting period, the Company was still under great debt pressure. In the first half of the year, the company worked with the Business Department of ICBC Head Office The Agreement is signed for the purpose of taking the 44-51 floors and 53-56 floors of Wuhan World Trade Building owned and controlled by the Company Property and the property of Building 18, Fangxingyuan District 3, Fangzhuang, Beijing to offset part of the debt owed by the Company to ICBC Head Office Business Department We have reached an agreement on this matter. During the reporting period, the Beijing Higher People's Court has ruled that the company will The real estate of the building was transferred at a price of 135101200 yuan to offset part of the debt owed by the company to the business department of the head office of Industrial and Commercial Bank of China Business. According to the agreement and ruling, the company reduced bank debt by 135101200 yuan and increased capital reserve by 18245000 yuan RMB3.04 million of amortized administrative expenses from January to June 2003 was offset, which affected the reduction of amortization of administrative expenses during the reporting period 1.477 million yuan, financial expenses decreased by 851000 yuan. |
Programme progress | implementation |
Transaction Date | |
Changes in transaction history | |
Date of first announcement | |
Latest announcement date | 2003-10-25 |
Information Discloser | Guangxia (Yinchuan) Industrial Co., Ltd |
Impact of the transaction on the information disclosing party | |
Relationship between asset seller and information disclosure party | The company itself |
Relationship between asset buyer and information disclosing party | |
Related transaction or not | no |
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