Busen Bank Account Has Been Frozen.

Shares fell continuously, and Busen shares were hit hard?

On the evening of June 7th, Busen shares (002569.SZ) disclosed the progress of "freezing the shares of shareholders holding more than 5% of shareholders".

According to the announcement, in June 7, 2018, Rui's assets were received by the Zhejiang Provincial Higher People's Court (hereinafter referred to as the "Zhejiang High Court") by the postal service No. 2018 (No. 1), "civil ruling", "Notice of action" and "civil complaint" of No. 21 of Zhejiang and early Republic of China.

The Zhejiang High Court has accepted the plaintiff of Zhejiang Zheshang Securities Asset Management Co., Ltd. (hereinafter referred to as "Zhejiang Merchants Securities"), accused the defendant Tianma bearing group Limited by Share Ltd (hereinafter referred to as "Tianma shares"), and Ruiqian assets before the actual controller Xu Maodong and so on nine defendants partnership enterprise property share pfer dispute case.

At the same time, Busen shares also issued a notice saying that because of the recent decline in the company's share price, the controlling shareholder of the company saw 16% of the company's stake in the technology company hit the closing line.

At present, the technology is actively taking measures such as raising funds, additional margin or collateral and so on to guard against the risk of liquidation.

The company's stock has been suspended for 8 days.

According to the "civil ruling" delivered by the Zhejiang high court, the Zhejiang High Court ruled the above disputes as follows: "sealing up and freezing the respondent's Tianma shares, Xu Maodong, Zhou Fang, Beijing Xinghe World Group Co., Ltd., Kashi Xinghe Venture Capital Co., Ltd., Shanghai Rui Wei asset management partnership (limited partnership), Huoerguosi micro star Venture Investment Co., Ltd., Kashi Cheng Kai stone Venture Capital Co., Ltd., Hangzhou Tianma Cheng He investment partnership (limited partnership) bank deposits 1 billion 173 million yuan or other equivalent assets."

The announcement said that the company's shares held by the company were not frozen on the control of the listed companies, nor did they have any significant adverse effects on the daily production and operation of the company.

Busen shares, which are facing "troubled times", have been in constant trouble recently.

Earlier, in June 5th noon, Busen shares issued a announcement that the company's 5 bank accounts were frozen in case of a private lending dispute with the financial service center of Deqing County's small and medium enterprises, and a total of 18 million 832 thousand and 300 yuan was frozen.

In addition, the company's controlling shareholder, Chongqing Security Technology Co., Ltd., an unanimous action, Shanghai Rui Wei asset management partnership (limited partnership) holding the company's 13.86% shares are all frozen by the judiciary.

In the afternoon, the stock price of Busen was down.

The bank account of Busen shares has been frozen, which is also related to the guarantee case.

The Huzhou intermediate people's court accepted Deqing County small and medium enterprises financial services center limited in May 25th for Tianma shares, Kashi Xinghe Venture Capital Co., Ltd., Zhejiang Busen apparel Limited by Share Ltd, Beijing Xinghe World Group Co., Ltd., Beijing Xinghe Internet Group Co., Ltd., Huoerguosi food and investment venture limited company, and Xu Maodong's private lending dispute case. Busen shares are listed on the guarantee list.

According to Busen's self inspection, the company did not have any financial dealings with the plaintiff of Deqing County small and medium enterprises financial services center limited in the case of litigation. The board of directors and shareholders' meeting did not consider the relevant matters related to the guarantee of the company as a guarantor for the loan of Tianma shares and Deqing County small and medium enterprises financial service center limited company. The chairman and chief financial officer of the company did not know the warranty and did not authorize any unit or individual to sign relevant guarantee legal documents.

The parties concerned are different from each other and are related to the pfer of the controlling rights of the company.

In October 2017, Xu Maodong, the actual controller of Busen shares, signed a loan guarantee contract with another listed company, Tianma share limited and Deqing County small and medium enterprises financial service center limited, which borrowed 100 million yuan from the former.

According to the loan guarantee contract, Kashi Xinghe Venture Capital Co., Ltd., Busen shares, Xu Maodong and so on provide joint and several liability guarantee.

But during this period, Busen shares are being changed.

In October 23, 2017, Busen shares issued a notice that the original real controller was going to Chongqing to see an equity pfer of technology. After the pfer was completed, the company became the largest shareholder of the listed company, and Zhao Chunxia was the actual controller of the company.

In November 17, 2017, Busen announced that it had completed the pfer of shares.

The loan guarantee of Tianma shares occurred just after disclosing the change of control rights and the actual change of ownership.

In June 6th, the company received the inquiry letter from the Zhejiang Securities Regulatory Commission, and asked for details of the company's freezing of the accounts. The controlling shareholder of the company saw the operation and capital chain of the technology and its concerted persons, and the basic situation of the equity pledge, including, but not limited to, the number of pledge, the duration of the pledge, the pledgee, the warning line, the clearing line, and so on.

On the evening of the same day, Zhao Chunxia, chairman of Busen shares and the controlling shareholder of an insurance company, issued a statement to continue to safeguard the normal operation and control of listed companies.

At present, Busen's board of directors and its daily business activities are led by Zhao Chunxia, chairman of the board. The top management team is stable, and all business activities are carried out normally.

Zhao Chunxia and the top management team will work hard to promote the sustained and smooth development of Busen shares in accordance with the established goals.

At the same time, the company also said that after checking the relevant reasons, if found that there are violations of the legitimate rights and interests of listed companies, the technology and listed companies will take all necessary legal means to safeguard the legitimate rights and interests of listed companies and investors.