After the crazy expansion in recent years, Longjitaihe's sales growth slowed down and its performance growth was weak, especially after the large-scale land acquisition, the capital chain was tight. Recently, it was revealed that the commercial tickets of subsidiaries were overdue.
0 1 Commercial ticket expired
Recently, the commercial ticket redemption platform information shows that the commercial tickets of many subsidiaries of Longji Taihe Real Estate Co., Ltd. (hereinafter referred to as "Longji Taihe") are overdue. Among them, the commercial ticket of Handan Hu Meng Real Estate Development Co., Ltd. is overdue 18 days; The commercial bills of Handan Long Rui Real Estate Development Co., Ltd. are overdue by 65,438+07 days, and those of Baoding Jingxin Real Estate Development Co., Ltd., Baoding Linghe Real Estate Development Co., Ltd. and Zhuozhou Changlong Real Estate Development Co., Ltd. are overdue by more than 65,438+00 days. After investigation, the above companies are all subsidiaries of Longji Taihe, and the current overdue amount of commercial tickets is unknown. Regarding the overdue event of commercial tickets, Longjitai responded to the "First Financial Daily" and said: The company is currently arranging payment, and it is expected that all payment will be completed in the next few days.
For a long time, commercial bills have been excluded from the "three red lines" because they are not included in interest-bearing liabilities. In June this year, the central bank launched the pilot project of "incorporating commercial paper into the debt supervision of housing enterprises". According to the statistics of "small debt depends on the market", as of the end of 20 19, the amount of Longjitai and notes payable was 304 million yuan.
At present, Longji Taihe has only one yuan debt, with a scale of US$ 65.438+65 billion and a coupon of 654.38+02.5%, which will expire on June 654.38+1October 654.38+09 next year. For the details of the remaining dollar debt, it is worth noting that at the beginning of this year, Longjitai and many rumors of tight capital chain have aroused widespread concern in the market.
02 high financial leverage
Official website shows that Longji Taihe was founded in 1995, and has developed into a diversified central city operator supported by nine industries, including cultural and commercial tourism, real estate development, industrial development, financial services and smart energy. In addition, Longji Taihe Group has two listed companies: Tongda Power (002576. SZ) and Longji Taihe Smart Energy (0 128 1. HK)。
From the perspective of shareholding structure, Longji Taihe's controlling shareholder is Longji Taihe Management Consulting Group Co., Ltd., with a shareholding ratio of 93.75%, and the actual controller of the company is Wei Shaojun.
Once the holders of commercial tickets encounter the violation of their rights and interests, such as overdue commercial tickets and refusal to pay, in addition to the "door-to-door rights protection" mode adopted by many people now, they can actually bravely take up legal weapons. The holder of a commercial bill should properly keep the original bill, and at the same time, try to obtain the materials that the acceptor refuses to pay, such as written refusal materials, proof materials issued by the collecting bank that the payer has insufficient funds, and materials that the acceptor's staff explicitly refuses to pay, and then choose the litigation object and scheme that are most beneficial to their own rights and interests according to the actual situation to safeguard their legitimate rights and interests. Generally speaking, when the industry situation is not good, the probability of various problems in commercial bills of related enterprises will increase, and participants in commercial activities need to raise awareness of prevention and control to avoid subsequent risks.