30 properties! Warburg Pincus reappears to use housing to repay debts, and the target is still the Public Security Bureau


2021-11-25: [Article Link] On the evening of November 24, Huaping shares (300074. Sz) issued an announcement that it plans to carry out debt restructuring with the Kaili Public Security Bureau of Kaili City, Guizhou Province. According to the announcement, Warburg Pincus shares will buy Guizhou local State-owned assets, the cloud computing arm of 30 sets of real estate, this purchase funds will be channelled to Kaili city public security bureau to cover its owe Warburg Pincus shares of 16.86 million yuan project overdue payment. This is not the first time that Huaping shares have carried out debt restructuring with units in the public security system and accepted the housing debt. Count this time, before and after Huaping shares have received 103 sets of debt property. When real estate is in a cold winter, the fiscal revenue of local governments and the pressure on accounts receivable of related enterprises are facing severe tests. According to the announcement, Huaping Information Technology Co., Ltd. started the construction of the information construction equipment and installation project of the Intelligent Law Enforcement and Case Handling Center of the Kaili Public Security Bureau in 2017. It was completed and put into use in that year, and obtained the final inspection report of the project. As of September 30 this year, and 16.86 million remain engineering accounts had not been recovered, overdue. A commercial acceptance bill is an instrument issued by the drawer and accepted by the payer to pay the fixed amount unconditionally to the payee/holder on a specified date. Intuitively speaking, it is: Huaping Shares used an "IOU" to "buy" 30 houses. This "IOU" was transferred and replaced the final payment that the Public Security Bureau should pay. Everyone "two clear", but there was no cash transaction in the middle. According to the announcement, such as the debt restructuring, is expected to have a company 2021, du of the company's total amount is 11.04 million yuan. By then, Huaping shares will have 103 housing units. 2020, Warburg Pincus shares parent company net profit of 22.6649 million billion yuan, the debt restructuring of the amounting to approximately half of its. After the completion of the debt restructuring, Huaping shares will have 103 sets of "housing to repay debt" housing. It is worth mentioning that the other 73 houses are also related to the Public Security Bureau in another place in Guizhou Province. Last October Warburg Pincus shares announcement, the company 2012, start with Shiqian county public security bureau, Tongren city Shiqian County "Skynet project" construction project signed Skynet issue, Skynet three, skynet IV project procurement service contract. The cut-off to 2020, Sep 30th project cumulative payment 5.45 million yuan, the remaining 32.52 million yuan accounts had not been settled. After negotiation between the two parties, Huaping shares also obtained 73 properties from Shiqian Anda Real Estate Development Co., Ltd. (the final controller is the Shiqian County People's Government) by way of acceptance bills, "Return" 32.5 million yuan settle the claim. As of the time of this announcement, the relevant property is in pre-sale status. The debt restructuring of Warburg Pincus shares 2020, du net profit of the amount is 6.86 million yuan. "Securities Times e Company" article mentioned today that industry insiders said that customers use real estate to offset debts is an effective solution to solve arrears, however, listed companies still need to consider the risk of property preservation and subsequent disposal, or are not universal. Huaping Information Technology Co., Ltd. was established in 2003. It is a provider of multimedia communication systems and smart city solutions. It mainly provides video and audio communication products, monitoring and command products, and industry smart solutions to the society. From 2010, in listed on the Shenzhen Stock Exchange since Warburg Pincus shares revenue never exceeded 0.5 billion, the peak appeared in 2019, is 0.478 billion yuan, net profit only 2013, du breakthrough billion mark, the rest of the year in 0.1 billion yuan (RMB) or less. 2018, the company's net profit is once shrunk to 1,500 yuan, after the listing of new low. It is worth mentioning that Huaping shares also appeared in the CSRC's No. 1 ticket this year. January this year, Securities Regulatory Commission (CSRC) the main reason for this change is to better disclose 2021, di 1 administrative punishment. After investigation, Huaping shares second largest shareholder Xiong Mochang (now holding 6.49% shares) took the initiative to allocate capital, in 2017-2018, let Wu Guorong use the capital advantage and shareholding advantage to manipulate the share price and trading volume of Huaping shares. In their share price manipulation during Warburg Pincus shares first rose after the collapse in the final loss of 0.324 billion billion yuan. The China Securities Regulatory Commission determined that the manipulation of Huaping shares by Xiong Mochang and Wu Guorong violated the relevant provisions of the Securities Law of 2005 and constituted the manipulation of the securities market. The Securities and Futures Commission to both the present regulation shall be given a warning, coexistence 2.05 million fine.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.







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30 properties! Warburg Pincus reappears to use housing to repay debts, and the target is still the Public Security Bureau


2021-11-25: [Article Link] On the evening of November 24, Huaping shares (300074. Sz) issued an announcement that it plans to carry out debt restructuring with the Kaili Public Security Bureau of Kaili City, Guizhou Province. According to the announcement, Warburg Pincus shares will buy Guizhou local State-owned assets, the cloud computing arm of 30 sets of real estate, this purchase funds will be channelled to Kaili city public security bureau to cover its owe Warburg Pincus shares of 16.86 million yuan project overdue payment. This is not the first time that Huaping shares have carried out debt restructuring with units in the public security system and accepted the housing debt. Count this time, before and after Huaping shares have received 103 sets of debt property. When real estate is in a cold winter, the fiscal revenue of local governments and the pressure on accounts receivable of related enterprises are facing severe tests. According to the announcement, Huaping Information Technology Co., Ltd. started the construction of the information construction equipment and installation project of the Intelligent Law Enforcement and Case Handling Center of the Kaili Public Security Bureau in 2017. It was completed and put into use in that year, and obtained the final inspection report of the project. As of September 30 this year, and 16.86 million remain engineering accounts had not been recovered, overdue. A commercial acceptance bill is an instrument issued by the drawer and accepted by the payer to pay the fixed amount unconditionally to the payee/holder on a specified date. Intuitively speaking, it is: Huaping Shares used an "IOU" to "buy" 30 houses. This "IOU" was transferred and replaced the final payment that the Public Security Bureau should pay. Everyone "two clear", but there was no cash transaction in the middle. According to the announcement, such as the debt restructuring, is expected to have a company 2021, du of the company's total amount is 11.04 million yuan. By then, Huaping shares will have 103 housing units. 2020, Warburg Pincus shares parent company net profit of 22.6649 million billion yuan, the debt restructuring of the amounting to approximately half of its. After the completion of the debt restructuring, Huaping shares will have 103 sets of "housing to repay debt" housing. It is worth mentioning that the other 73 houses are also related to the Public Security Bureau in another place in Guizhou Province. Last October Warburg Pincus shares announcement, the company 2012, start with Shiqian county public security bureau, Tongren city Shiqian County "Skynet project" construction project signed Skynet issue, Skynet three, skynet IV project procurement service contract. The cut-off to 2020, Sep 30th project cumulative payment 5.45 million yuan, the remaining 32.52 million yuan accounts had not been settled. After negotiation between the two parties, Huaping shares also obtained 73 properties from Shiqian Anda Real Estate Development Co., Ltd. (the final controller is the Shiqian County People's Government) by way of acceptance bills, "Return" 32.5 million yuan settle the claim. As of the time of this announcement, the relevant property is in pre-sale status. The debt restructuring of Warburg Pincus shares 2020, du net profit of the amount is 6.86 million yuan. "Securities Times e Company" article mentioned today that industry insiders said that customers use real estate to offset debts is an effective solution to solve arrears, however, listed companies still need to consider the risk of property preservation and subsequent disposal, or are not universal. Huaping Information Technology Co., Ltd. was established in 2003. It is a provider of multimedia communication systems and smart city solutions. It mainly provides video and audio communication products, monitoring and command products, and industry smart solutions to the society. From 2010, in listed on the Shenzhen Stock Exchange since Warburg Pincus shares revenue never exceeded 0.5 billion, the peak appeared in 2019, is 0.478 billion yuan, net profit only 2013, du breakthrough billion mark, the rest of the year in 0.1 billion yuan (RMB) or less. 2018, the company's net profit is once shrunk to 1,500 yuan, after the listing of new low. It is worth mentioning that Huaping shares also appeared in the CSRC's No. 1 ticket this year. January this year, Securities Regulatory Commission (CSRC) the main reason for this change is to better disclose 2021, di 1 administrative punishment. After investigation, Huaping shares second largest shareholder Xiong Mochang (now holding 6.49% shares) took the initiative to allocate capital, in 2017-2018, let Wu Guorong use the capital advantage and shareholding advantage to manipulate the share price and trading volume of Huaping shares. In their share price manipulation during Warburg Pincus shares first rose after the collapse in the final loss of 0.324 billion billion yuan. The China Securities Regulatory Commission determined that the manipulation of Huaping shares by Xiong Mochang and Wu Guorong violated the relevant provisions of the Securities Law of 2005 and constituted the manipulation of the securities market. The Securities and Futures Commission to both the present regulation shall be given a warning, coexistence 2.05 million fine.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.