重整方案失败 汇源集团重掌“汇源”

Core Viewpoint - The Huyuan Group has announced a unilateral takeover of Beijing Huyuan Food and Beverage Co., declaring the restructuring plan with Shanghai Wensheng Asset Management a complete failure due to breach of contract [1][4]. Group 1: Company Actions and Statements - Huyuan Group's statement emphasizes that Shanghai Wensheng lacks the necessary experience and management capabilities in juice production, leading to irresponsible actions that jeopardize consumer safety and brand integrity [1][4]. - Huyuan Group has declared all contracts signed by Beijing Huyuan with external processing companies during Wensheng's control as invalid, asserting that products not made with Huyuan's raw materials cannot be sold under the Huyuan brand [5][6]. - Huyuan Group will only return management rights to the new management of Beijing Huyuan after Wensheng fulfills the restructuring investment agreement and receives court confirmation [2][5]. Group 2: Background and Context - Huyuan's restructuring began due to a debt crisis, with the company once holding a significant share of the domestic juice market. The restructuring plan was approved by the Beijing First Intermediate People's Court in June 2022, with Wensheng committing to invest 1.6 billion yuan over three years for a 60% stake in Beijing Huyuan [6][7]. - Wensheng's plans for an A-share listing or selling shares to Guozhong Water have faced obstacles, and disputes over investment commitments have become public [6][7]. - The emergence of two competing "Huyuan" brands in the market has resulted from Wensheng's collaboration with an external factory, leading to increased tensions between the two parties [6][7]. Group 3: Industry Insights - Industry experts suggest that Wensheng, lacking a background in the beverage industry, faces significant challenges in establishing a standalone operation without Huyuan's established production and distribution network [7]. - Concerns regarding trademark compliance are prevalent, as unauthorized use of the Huyuan brand could expose the processing factory to legal liabilities and operational risks, impacting their future business prospects [8].