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汇源深夜发公开信控诉大股东
ICWICW(SH:600187) 第一财经·2025-08-11 03:47

Core Viewpoint - The internal conflicts of Beijing Huiyuan Food and Beverage Co., Ltd. have become public due to obstacles in its securitization path and capital operations, with accusations against the major shareholder for misusing control and failing to fulfill financial commitments [3][4]. Group 1: Shareholder Disputes - Beijing Huiyuan accused its major shareholder, Zhuji Wenshenghui, of having only contributed 22.8% of the registered capital and failing to fulfill a promised investment of 850 million yuan, which is overdue by over a year [3][4]. - The company highlighted that over half of its capital reserve is uncertain, warning that using it to cover losses would force creditors into a debt-to-equity conversion without their consent [3][4]. Group 2: Legal Actions - Beijing Huiyuan has initiated legal proceedings against Zhuji Wenshenghui and Shanghai Wensheng Asset Management Co., Ltd., which have been accepted by the court, although there is a possibility of withdrawal [4][10]. Group 3: Financial Performance and Challenges - According to recent reports, Beijing Huiyuan's revenues for 2023 and 2024 are projected to be 2.75 billion yuan and 2.48 billion yuan, with net profits of 420 million yuan and 340 million yuan, indicating normal operational conditions [7]. - The acquisition by Guozhong Water was abruptly terminated due to restrictions stemming from a legal dispute involving the major shareholder's equity, which has led to a series of complications and public disputes [7][10]. Group 4: Investment Commitments - Following the restructuring plan approved in June 2022, Wensheng Asset committed to invest 1.6 billion yuan over three years, but disputes have arisen regarding the classification of the initial 750 million yuan investment [5][10]. - As of the latest updates, the subsequent investments totaling 850 million yuan have not been received, raising concerns about the financial stability and future of Beijing Huiyuan [10].