汇源集团：已申请财产保全

Core Viewpoint - The article discusses the ongoing legal dispute between Huiyuan Group and its restructuring investor, Wensheng Asset Management, highlighting issues of contract violations and financial obligations that have led to a lawsuit [1][2]. Group 1: Legal Dispute and Contract Violations - Huiyuan Group claims that Wensheng Asset has failed to fulfill its investment commitments, specifically refusing to pay 850 million yuan and not utilizing the previously invested 750 million yuan for operational management as agreed [1][2]. - The company has filed a lawsuit in the Beijing Third Intermediate People's Court, seeking to enforce contract obligations and regain management control over Beijing Huiyuan [2]. - Wensheng Asset's actions are viewed as a fundamental breach of the restructuring investment agreement, which has led to a significant operational strain on Beijing Huiyuan [1][2]. Group 2: Background and Financial Commitments - Wensheng Asset was appointed as the restructuring investor for Huiyuan in 2022, with a commitment to invest 1.6 billion yuan to revitalize the brand, which has faced financial difficulties since its delisting from the Hong Kong Stock Exchange in early 2021 [4]. - Following the approval of the restructuring plan in June 2022, Wensheng Asset became the new controlling shareholder, holding 60% of the restructured Beijing Huiyuan [4]. - The restructuring plan included a strategy for potential A-share listing within three to five years, which has faced setbacks, including the termination of a planned acquisition by Guozhong Water due to share transfer restrictions [5]. Group 3: Operational Dynamics - Despite the legal and financial disputes, Beijing Huiyuan maintains a close operational relationship with Huiyuan Group, which retains ownership of the brand, sales channels, and production facilities [5]. - Beijing Huiyuan operates on a light asset model, outsourcing production to Huiyuan Group, which handles approximately 80% of its production needs [5]. - Previous public statements from Beijing Huiyuan have indicated ongoing concerns regarding Wensheng Asset's management practices and potential harm to minority shareholders and creditors [5].