格隆汇9月30日｜动力新科（维权）(600841.SH)公告称，公司拟与上汽总公司、重庆两江新区高质量发 展产业私募股权投资基金合伙企业（有限合伙）、重庆发展资产经营有限公司共同组成联合体参与上汽 红岩重整，预计公司取得重整后上汽红岩14.66%目标股权，出资金额为666,363,636.36元。此次交易构 成关联交易，不构成重大资产重组。公司表示，参与上汽红岩重整有利于实现运营价值最大化，优化负 债结构，但存在联合体未被遴选通过等风险。 ...

格隆汇9月30日丨上汽集团(600104.SH)公布，为实现上汽红岩运营价值最大化，经公司2025年9月29日 召开的第九届董事会第三次会议审议通过，同意公司子公司动力新科与上汽总公司、重庆两江新区高质 量发展产业私募股权投资基金合伙企业(有限合伙)(称"两江产投")、重庆发展资产经营有限公司(称"重庆 发展")共同组成联合体(称"联合体")联合报名，参与上汽红岩重整，联合体合计出资30亿元，预计取得 重整后上汽红岩66%目标股权，其中，动力新科出资6.66亿元，预计取得重整后上汽红岩14.66%目标股 权(上述具体股权比例以法院裁定后的重整计划中数据为准)。 ...

Core Viewpoint - Jiangzhong Pharmaceutical (600750) announced the acquisition of 70% equity in Anhui Jingcheng Huyao Pharmaceutical Co., Ltd. for a price not exceeding 70.78393 million yuan, aiming to enhance its OTC product matrix with traditional Chinese medicine products [1] Group 1: Acquisition Details - The acquisition will allow Jiangzhong Pharmaceutical to supplement its product offerings in the traditional Chinese medicine sector, particularly in the health supplement category [1] - Anhui Jingcheng Huyao, established in November 2013 with a registered capital of 51 million yuan, focuses on the R&D, production, and sales of traditional Chinese medicine [1] - The core products of Jingcheng Huyao include Liuwei Dihuang Oral Liquid, Nao Li Jing Syrup, and Nao Li Jing Capsules [1] Group 2: Company Background - Jingcheng Huyao was previously known as Bengbu Traditional Chinese Medicine Factory, founded in 1968, and was fully acquired by Peitian Group in 2015 [1] - The company was listed on the Specialized and New Board of Anhui Stock Custody Center in October 2021 [1] Group 3: Operational Challenges - Peitian Group, the current owner of Jingcheng Huyao, has faced operational difficulties due to poor management, market changes, and heavy debt burdens, leading to a debt crisis in 2018 [3] - The company underwent a restructuring process initiated by the government and asset management companies to address its financial issues [3] - As part of the restructuring plan, the court approved a merger and restructuring plan for Peitian Group and its subsidiaries, including Jingcheng Huyao, in September 2024 [3]

斑马消费 杨柘 金科股份经过重整涅槃重生，创始人黄红云却走在退场的路上。 日前，上海品器联合体以及产业投资人转增股票划转完成，金科股份重整案——这起迄今国内房地产行业最大重整案，已接近尾声。 下一步，公司将通过董事会换届，确立未来的内部治理和发展战略。但这已和黄红云关系不大了，资本公积转增股本完成后，他及一致行动人所持公司股权 被大幅稀释。 黄红云一手创立金科股份，视企业如生命。为了捍卫它，他曾击败孙宏斌和前妻陶虹遐，但最终没能逃过流动性危机。 黯然退场 创立金科集团27年后，61岁的黄红云不得不交出企业控制权。 9月23日，*ST金科（000656.SZ）公告，管理人已将重整转增股票合计30亿股从管理人证券账户过户至全体重整投资人指定主体证券账户。 其中，向各重整产业投资人指定主体共划转12亿股，向各重整财务投资人指定主体共划转18亿股。 此次划转股票，涉及27名重整投资人。其中，上海品器联合体指定京渝星筑、京渝星璨分别受让约6.00亿股和3.93亿股，二者合计持股占公司总股本的 9.34%，成为第一大股东。 10多天前，公司完成资本公积转增股本，总股本由53.39亿股增至106.34亿股。此间，黄红云、金 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月22日晚间，*ST金科发布公告称，根据重整计划，管理人已将30亿股转增股票过户至全体重整投资 人指定的主体证券账户。此次过户后，*ST金科的控股股东将由金科控股变更为京渝星筑和京渝星璨， 实际控制人则由黄红云变更为无实际控制人。 据悉，*ST金科将于近期启动董事会的换届改选工作，产业投资人上海品器联合体有权提名7名董事人 选。 这个变化意味着，执掌金科27年的黄红云，有可能彻底失去掌控权。 *ST金科是金科股份的简称，这家重庆房企曾是我国西南地区最大的房地产企业。2022年末，金科股份 出现债务违约，随后选择重整作为解决方案。其重整方案于今年5月获批，涉及债务规模高达1470亿 元，为房地产行业迄今为止最大的重整案。 根据该方案，金科引进上海品器联合体、中国长城资产、四川发展证券基金作为产业投资人参与重整， 产业投资人成为新的控股股东后，将对公司进行全方位调整。 随着金科股份董事会换届在即，该重整案正临近终局。分析人士指出，对于当下的房地产业而言，金科 的重整有着较强的样本意义。其未来的治理模式和发展方向，也值得持续关注。 漫漫重整 ...

过户完成后，京渝星筑与京渝星璨合计持有金科股份9.93亿股（占总股本的9.34%），为金科股份第一 大股东。 根据约定，上海品器联合体（或其指定股份登记主体）有权提名7名董事人选（含独立董事），后续公 司将启动董事会的换届改选工作，董事会改选完成后公司控股股东将金科控股变更为京渝星筑、京渝星 璨，公司实际控制人则由黄红云变更为无实际控制人。（陈蒙） 编辑：穆皓 金科地产集团股份有限公司9月23日公告，近日收到中国证券登记结算有限责任公司出具的《证券过户 登记确认书》，获悉管理人已将30亿股转增股票（占总股本比例28.21%）由管理人证券账户（即公司 破产企业财产处置专用账户）过户至全体重整投资人指定的主体证券账户。其中，向各重整产业投资人 指定主体共计划转12亿股，向各重整财务投资人指定主体共计划转18亿股。 金科股份重整产业投资人上海品器联合体指定其实际控制的京渝星筑（青岛）企业管理合伙企业（有限 合伙）（简称：京渝星筑）和京渝星璨（青岛）企业管理合伙企业（有限合伙）（简称：京渝星璨）接 受划转的转增股份，京渝星筑与京渝星璨的执行事务合伙人均为上海品器管理咨询有限公司，二者构成 关联方。 转自：新华财经 ...

Core Viewpoint - Kinko Co., Ltd. has undergone a significant restructuring process, resulting in a change of control from its founder, Huang Hongyun, to a new investor consortium led by Shanghai Pinqi [1][3][21]. Group 1: Restructuring Announcement - On September 22, Kinko Co., Ltd. announced that its restructuring manager has transferred a total of 9.93 billion shares to the designated accounts of all restructuring investors, representing 9.34% of the company's total share capital [1][3]. - The restructuring investors include three industrial investors and 25 financial investors, with Shanghai Pinqi leading the consortium [1]. Group 2: Change of Control - The new major shareholders, Jingyu Xingzhu and Jingyu Xingcan, have taken over as the largest shareholders, leading to Huang Hongyun and Kinko Holdings exiting their positions as actual controllers and major shareholders [3][21]. - Following the restructuring, Kinko Holdings' shareholding will decrease from 4.55% to 2.28%, while Huang Hongyun's shareholding will drop from 8.78% to 4.41% [19][20]. Group 3: Historical Context - Huang Hongyun, once a prominent figure in the real estate industry, has seen a dramatic decline in his control over Kinko Co., Ltd., which he founded and built into a significant player in the market [4][24]. - The company experienced rapid growth, reaching sales of 200 billion yuan at its peak in 2020, but has faced significant challenges leading to its restructuring [9][10]. Group 4: Future Steps - The company will soon initiate a board re-election process, allowing the new investors to nominate seven board members, including independent directors [17]. - The restructuring plan will be formally executed after completing the establishment of a trust plan and cash debt repayment resources [22][23].

Group 1 - The core issue revolves around the internal power struggle at Beijing Huiyuan Food and Beverage Co., with Wang Qinghan's recent appointment as general manager highlighting the conflict between the new and original management teams [1][2][3] - Wang Qinghan's public letter indicates that the new management team, backed by Shanghai Wensheng Asset Management Co., has taken control after a capital increase, while the original management team has accused them of illegal actions and disruption of normal operations [2][3] - The restructuring process has reached a stalemate, with the original management team still controlling the supply chain and distribution channels, while the new management holds the "Huiyuan" brand [1][5][6] Group 2 - The restructuring plan approved in June 2022 involved a capital increase of 1.6 billion yuan over three years, but delays in funding have strained relations between the parties [2][5] - The original management team has raised concerns about the new management's actions, including the alleged misuse of company resources and the impact on employee rights and operations [3][4][6] - The ongoing conflict has led to disruptions in e-commerce operations, although offline sales have not yet been significantly affected [1][6] Group 3 - The new management plans to initiate public bidding for contract manufacturing and recruit distributors, potentially escalating the competition and market confusion [7] - Industry experts suggest that the power struggle may harm the brand and overall business, as both sides prioritize their interests over the company's recovery [7][8] - The situation poses risks for creditors and potential investors, as the ongoing disputes could hinder future growth and stability [6][7]

2025.09.23 本文字数：2693，阅读时长大约4分钟 作者 |第一财经 栾立 8月20日刚刚完成工商变更，成为北京汇源食品饮料有限公司（下称"北京汇源"）总经理的王清汉，近 日发布《致北京汇源全体员工的公开信》（下称"公开信"），从重整方的角度展现了汇源内斗的另一 面，使双方矛盾进一步公开化。 2022年6月，汇源果汁重整计划获批后，上海文盛资产管理股份有限公司（下称"文盛资产"）成为控股 股东，王清汉为新股东方委派。 北京汇源原管理层今日则对第一财经回应称，王清汉等人通过私刻公章、利用薪资、社保等胁迫员工选 边站队，严重扰乱公司正常运营秩序。 据了解，这场北京汇源控制权争夺已导致汇源部分电商门店因手续不全面临停运，但经销商反映线下市 场目前受影响尚有限。 目前，重整方通过北京汇源持有"汇源"品牌，而原管理团队仍掌控供应链和经销商资源，重整进程陷入 僵局。 新老股东争夺公章 王清汉的公开信称，诸暨文盛汇在增资6.4亿元后成为持股60%的大股东，公司由此成立新一届股东会 与董事会，并任命了新管理层。王清汉于2025年6月16日召开的第二十八次临时会议上被聘为北京汇源 总经理。 依据重整计划，上海文盛资产 ...

据了解，这场北京汇源控制权争夺已导致汇源部分电商门店因手续不全面临停运，但经销商反映线下市 场目前受影响尚有限。 目前，重整方通过北京汇源持有"汇源"品牌，而原管理团队仍掌控供应链和经销商资源，重整进程陷入 僵局。 新老股东争夺公章 王清汉的公开信称，诸暨文盛汇在增资6.4亿元后成为持股60%的大股东，公司由此成立新一届股东会 与董事会，并任命了新管理层。王清汉于2025年6月16日召开的第二十八次临时会议上被聘为北京汇源 总经理。 汇源果汁重整僵局致产品下架： 新老股东争公章，员工一度要进群领工资 作者：栾立 8月20日刚刚完成工商变更，成为北京汇源食品饮料有限公司(下称"北京汇源")总经理的王清汉，近日 发布《致北京汇源全体员工的公开信》(下称"公开信")，从重整方的角度展现了汇源内斗的另一面，使 双方矛盾进一步公开化。 2022年6月，汇源果汁重整计划获批后，上海文盛资产管理股份有限公司(下称"文盛资产")成为控股股 东，王清汉为新股东方委派。 北京汇源原管理层今日则对第一财经回应称，王清汉等人通过私刻公章、利用薪资、社保等胁迫员工选 边站队，严重扰乱公司正常运营秩序。 王清汉则在公开信中称，其入职后原 ...