Wanbang Optoelectronics Management Deterioration Fujing Technology will release the application
Fujing Technology (002222) announced today that due to the continued deterioration of its shareholding company Wanbang Optoelectronics, the company intends to fully depreciate its long-term equity investment of 58 million yuan, which is expected to result in a loss of no more than 17.6 million yuan in 2014. .
Fujing Technology has a harbinger of this "strong man's broken wrist". On September 17, 2014, Fujing Technology issued a risk warning announcement stating that some of the funds of Wanbang Optoelectronics were misappropriated by the major shareholder Zhongke Wanbang, and the company violated the regulations, why Wenming provided debt guarantees, and the operating conditions deteriorated. At the same time, Wanbang Optoelectronics owed 400 million yuan on the Internet. Most of the personnel were dismissed. The actual controller He Wenming was included in the list of national untrustworthy enforcers.
Fu Jing Technology Secretary-General Cai Dequan told reporters that Wanbang Optoelectronics' business continued to deteriorate and there were many uncontrollable factors. Under this circumstance, it is inevitable that the company will stop the loss as soon as possible. The company will file an application for dissolution in the near future.
In 2010, the investment in the LED industry was in full swing. Fujing Technology and Fujian Zhongke Wanbang Optoelectronics Co., Ltd., He Wenming and Wu Danfeng jointly established Fujian Wanbang Optoelectronics Co., Ltd., which is mainly engaged in LED lighting packaging business. In terms of shareholding structure, Fujing Technology invested 39 million yuan to hold 41.49% stake in Wanbang Optoelectronics, Zhongke Wanbang held 54.25% stake, and natural persons He Wenming and Wu Danfeng held 3.62% and 0.64% respectively. Because of the holding company of He Wenming and Wu Danfeng of Zhongke Wanbang, the two are the actual controllers of Wanbang Optoelectronics.
It is understood that Fujing Technology originally invested in the LED industry was originally intended to build a company's dual main business. At that time, the company was quite optimistic about the investment. If the project growth is in line with expectations, it is planned to use 2 to 3 years to increase the shareholding of Wanbang Optoelectronics. Helpless things are counterproductive.
Regarding the debt handling of Wanbang Optoelectronics, which investors are concerned about, Cai Dequan said that Wanbang Optoelectronics Co., Ltd. is a limited liability company. The company's provision for impairment has covered all the profits and losses, and will not further affect the company's performance in the future.
It is understood that Wanbang Optoelectronics business has no substantive relationship with Fujing Technology's optical crystal main business. In 2014, Fujing Technology's main business still achieved growth within 10%.
Fujing Technology has a harbinger of this "strong man's broken wrist". On September 17, 2014, Fujing Technology issued a risk warning announcement stating that some of the funds of Wanbang Optoelectronics were misappropriated by the major shareholder Zhongke Wanbang, and the company violated the regulations, why Wenming provided debt guarantees, and the operating conditions deteriorated. At the same time, Wanbang Optoelectronics owed 400 million yuan on the Internet. Most of the personnel were dismissed. The actual controller He Wenming was included in the list of national untrustworthy enforcers.
Fu Jing Technology Secretary-General Cai Dequan told reporters that Wanbang Optoelectronics' business continued to deteriorate and there were many uncontrollable factors. Under this circumstance, it is inevitable that the company will stop the loss as soon as possible. The company will file an application for dissolution in the near future.
In 2010, the investment in the LED industry was in full swing. Fujing Technology and Fujian Zhongke Wanbang Optoelectronics Co., Ltd., He Wenming and Wu Danfeng jointly established Fujian Wanbang Optoelectronics Co., Ltd., which is mainly engaged in LED lighting packaging business. In terms of shareholding structure, Fujing Technology invested 39 million yuan to hold 41.49% stake in Wanbang Optoelectronics, Zhongke Wanbang held 54.25% stake, and natural persons He Wenming and Wu Danfeng held 3.62% and 0.64% respectively. Because of the holding company of He Wenming and Wu Danfeng of Zhongke Wanbang, the two are the actual controllers of Wanbang Optoelectronics.
It is understood that Fujing Technology originally invested in the LED industry was originally intended to build a company's dual main business. At that time, the company was quite optimistic about the investment. If the project growth is in line with expectations, it is planned to use 2 to 3 years to increase the shareholding of Wanbang Optoelectronics. Helpless things are counterproductive.
Regarding the debt handling of Wanbang Optoelectronics, which investors are concerned about, Cai Dequan said that Wanbang Optoelectronics Co., Ltd. is a limited liability company. The company's provision for impairment has covered all the profits and losses, and will not further affect the company's performance in the future.
It is understood that Wanbang Optoelectronics business has no substantive relationship with Fujing Technology's optical crystal main business. In 2014, Fujing Technology's main business still achieved growth within 10%.
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