Mei Ri Jing Ji Xin Wen·2025-10-14 11:45Core Viewpoint - The recent freezing of approximately 15.75 million yuan in equity of Jimo Huangjiu raises uncertainties regarding its acquisition by Qingdao Beer, as the deal has not yet been finalized and significant amounts of equity have been frozen [2][4][5]. Group 1: Equity Freezing and Acquisition Status - Jimo Huangjiu has experienced over 100 million yuan in equity being frozen since September, with the latest freeze occurring on October 10, 2023, affecting its two major shareholders [3][4]. - Qingdao Beer announced a plan to acquire 100% of Jimo Huangjiu for 665 million yuan, but the payment has not yet been made, and the transaction remains incomplete [4][5]. - The freezing of equity is likely to impact the acquisition process, depending on the terms outlined in the acquisition agreement [4][5]. Group 2: Financial Implications for Shareholders - The major shareholders of Jimo Huangjiu, Xinhuajin Group and Shandong Lujin Group, are under pressure as the acquisition funds are critical for addressing financial obligations, particularly for ST Xinhuajin, which is linked to these shareholders [5][6]. - ST Xinhuajin has reported that funds owed to it by Xinhuajin Group and its affiliates amount to 406 million yuan, which they intend to recover through the proceeds from the Jimo Huangjiu sale [5][6]. - There is a looming risk of ST Xinhuajin facing delisting if it fails to recover the funds within the stipulated timeframe, further complicating the situation for all parties involved [6].