On the evening of September 2nd, the official WeChat public account of the Shanghai People's Procuratorate published an article, announcing that the Jing'an District Procuratorate had approved the arrest of Feng Xin, the legal representative of the suspect Storm Group Co., Ltd., the criminal suspect's criminal suspect's criminal suspect's crime suspected of bribery and duties.The case is undergoing further.
When the news came out, the Storm Group's stock had closed, and the stock price of Stormwind Group rose 1%to 5.03 yuan that day.
The semi -annual report released by the Storm Group before showing that the net loss in the first half of 2019 was 264 million, and the liabilities were 2.083 billion yuan.If the 2019 financial accounting report that the Storm Group is audited shows that the net assets at the end of 2019 are negative, the Shenzhen Stock Exchange may suspend the company's stock listing.
Storm Group's liabilities in the first half of the year were 2.08 billion, and the stock may suspend listing
It is understood that as early as July 28, Storm Group issued an announcement saying that the actual controller of the group Feng Xin was taken by public security organs for mandatory measures for suspected crime.Regarding the reasons for Feng Xin's compulsory measures, the Storm Group revealed in the evening on July 31 to respond to the follow -up letter issued by the Shenzhen Stock Exchange that Mr. Feng Xin was detained by the public security organs for bribes of non -state staff.After verification, the company has not received an investigation notice for the company, which is currently not suspected of crime of unit, and it is unknown whether it is related to the company.
At this point, Storm Group is in internal and external problems.
On August 30, Storm Group released a semi -annual report.According to the financial report, the Storm Group's revenue in the first half of 2019 was 83.593 million yuan, a year -on -year decrease of 89.44%, a net loss of 264 million, and a current liabilities of 2.083 billion yuan.The six -year losses of the storm intelligence of the subsidiary were 87.43 million yuan, and the liabilities were 1.664 billion yuan.After Feng Xin proposed the ALL TV strategy in 2018, the main business was the Storm Intelligence of Smart TVs, which was once highly hoped, but now Storm Smart has become a drag on a listed company.
In July 2019, Storm Group announced that Storm Holdings transferred 6.748%of the Storm Smart's 6.748%equity to Xin Mu Technology at a price of 10 million.After the transfer was completed, Storm Holdings held 4.1335%of Storm Intelligence, Xin Mu Technology held 6.748%of Storm Smart, and the ratio of Storm Group's equity of Storm Wind Intelligence did not change.Storm Group stated that the company will lose its leading role in related business activities of Storm Intelligence and will lose its actual control of Storm Intelligence.Therefore, Storm Smart will not be included in the company's merger statement.
At the same time as the semi -annual report, it is the prompt announcement of Storm Group on the suspension of listing of stocks.Storm Group said that the company has the risk of negative net assets attributable to shareholders of listed companies after the audit.According to the Listing Rules of the Shenzhen Stock Exchange GEM stock listing, if the 2019 Financial Accounting Report audited by the Storm Group shows that the net assets at the end of 2019 are negative, the Shenzhen Stock Exchange may suspend the company's stock listing.
Storm is in a 690 million lawsuit, Feng Xin may bear joint responsibility
In addition to the risk of suspension of listing, the semi -annual report also disclosed the huge lawsuit facing Storm Group.Feng Xin may bear joint responsibility because of a co -signed repurchase agreement.
In March 2016, Stormwind Investment and Everbright Securities under the Everbright Capital Signed Framework Agreement with Overwhelm: Storm Group and its related parties, Everbright Capital and its affiliated parties planned to set up the Prank Fund to acquire the world's top sports competition copyright Overseas company MPS 65%Of equity.
At the same time, Storm Group, Feng Xin, and Guangda Bahui also jointly signed a repurchase agreement on the acquisition of MPS equity, which stipulated that the Storm Group promised to repurchase the equity of MPS held by the MPS held by the Ba Xin Fund within 18 months after the initial acquisition was completed.EssenceFeng Xin also signed a commitment as the actual controller of the Storm Group.It was this repurchase agreement that laid a disaster for Storm Group and Feng Xin.
It is understood that the target of the Baoxin Fund's target is RMB 5.203 billion, of which Everbright Pushing, Everbright Capital, Storm Investment and Stormwood Technology invested 1 million yuan, 60 million yuan, 1 million yuan, and 20 million yuan, respectively.The most contributed is investment wealth, reaching 2.8 billion yuan.
Shortly after the completion of the MPS acquisition, MPS operations were in trouble, and it was announced by the British court in October 2018 by the British court.To this end, the Storm Group filed an impairment loss loss of equity investment and 48 million yuan of bad debts for the impairment of equity investment in the Baxin Fund.
Subsequently, because the Storm Group did not fulfill the repurchase obligation, Guangda Bahui and the Baxin Fund lied to the Storm Group to the court.In May 2019, Storm Group issued an announcement saying that receiving relevant litigation documents delivered by the Beijing Higher People's Court, Everbright Baihui and Baxin Fund requested the court to determine that the Storm Group's payment was part of the loss of 690 million due to the failure of the repurchase obligation.The yuan and interest were 63.31 million yuan, and Feng Xin was required to bear joint responsibility.
In response, Cai Wensheng, chairman of Meitu, said in his circle of friends on July 30, so entrepreneurs must keep in mind a discipline: do not sign lsquo at any time.rsquo; Although Feng Xin took a detour today, I believe he will come back again!
In response to the lawsuit, Storm Group issued an announcement on August 7th that the contract signed a contract with the Kangda Law Firm. The first instance agent's lawyer fee was RMB 800,000. If the case entered the second instance procedure, the second instance acting lawyer fee was RMB 640,000.The announcement shows that the first litigation request of Guangda Pinghui and Shanghai Baxin was rejected or all of them were not supported, and the Storm Group paid the lawyer fee of the Kangda Law Firm at 6.656%of the amount of the lawsuit;If the first litigation request of Shanghai Baxin is partially dismissed or partially unsupported, the Storm Group pays 2%of the difference between the amount of the amount of the final judgment or support and the amount of the amount of the request request of the Shanghai Baxin and the Shanghai Baxin litigation request.In other words, if the first litigation request of Guangda Pinghui and Shanghai Baxin is rejected or all of them have not been supported, the Storm Group will pay a lawyer fee of more than 50 million yuan to the Kangda Law Firm.
At present, the case has not yet begun.
Writing: Nandu Xuechen reporter Wang Chenchen
