Gome challenged the bankruptcy liquidation petition.
On the evening of December 29, Gome Retail Holdings Co., Ltd. (Gome Retail, 0493.HK) announced that the company’s subsidiary Gome Electric Co., Ltd. (hereinafter referred to as “Gome”) had recently received a notice from the Beijing No. 1 Intermediate People’s Court. , Shenyang Shengxingda Kitchen and Bathroom Supplies Co., Ltd., Liaoning Supor Cooking Appliance Sales Co., Ltd., Harbin Supor Cookware Sales Co., Ltd. and Changchun Supor Cookware Sales Co., Ltd. (collectively referred to as the "Applicants"), on the grounds that Gome could not pay off the outstanding payment, Filed bankruptcy liquidation petitions against Gome Electric respectively to the court.
According to the announcement, after internal verification by the company, the applicants are the company's subsidiaries Dalian Gome Supply Chain Management Co., Ltd., Anshan Yongle Home Appliances Co., Ltd., Shenyang Gome Supply Chain Management Co., Ltd., Heilongjiang Gome Black Swan Supply Chain Management Co., Ltd. and Jilin Gome Suppliers of companies such as Supply Chain Management Co., Ltd.
The applicant claimed that the aforesaid subsidiary company owed a total of about 4.706 million yuan in payment for goods, but there was no effective legal document to confirm the creditor's rights and debts.
There is no direct business relationship between the applicant and Gome, and Gome does not owe the applicant any payment for goods.
Gome raised objections to the petition in accordance with the law, and the court will decide whether to accept the petition after the expiration of the objection period.
The Company will notify shareholders and investors of any significant progress in the petition, and will issue a separate announcement in due course.
At the end of November, there were rumors that Gome had applied for bankruptcy liquidation by the court because it owed millions of dollars to its suppliers. Gome Co., Ltd. issued a statement on December 1 denying that it had not received any judicial authority’s decision regarding the company’s bankruptcy. Legal paperwork for filing for bankruptcy or an inquiry conversation.
Difficulties and problems encountered in the company's operations are negotiated and resolved under the premise of fully protecting the rights and interests of all parties, and win-win cooperation.
If consensus cannot be reached through consultation, it will be resolved through judicial channels.
Founded by Huang Guangyu in 1987, Gome has developed into a comprehensive product and service provider integrating retail, Internet, finance, R&D and manufacturing, real estate, investment and other business sectors.
Gome Retail Holdings Co., Ltd. is a listed company under Gome Group and was listed on the Hong Kong Stock Exchange in July 2004.
Since the beginning of this year, many companies and platforms under the Gome Group have experienced constant turmoil.
Since April this year, Gome Group’s companies have launched multiple rounds of layoffs and disguised salary cuts. Gome responded in August that it plans to implement a staff reduction plan due to operating difficulties.
At the end of September, due to the obstruction of the company's transformation process, the cash flow was under obvious pressure. Employees reported that Gome owed wages, including semi-annual performance and bonuses.
At the beginning of November, Gome asked the group's employees to sign a letter of commitment regarding the delay in payment of wages.
At the beginning of December, the employees began to ask for salary and defend their rights, and went to the office of Beijing Pengrun Building many times, expecting to negotiate with the leaders of Gome Group, but there was no clear financial compensation plan at that time.
The employees who were recently laid off told The Paper that they had received the repaid October salary in early December, received the September repaid salary in mid-December, and the November salary and layoff compensation. The company said it would be paid by the end of March next year.
Since December this year, Huang Guangyu has borrowed from Gome Group for three blood transfusions in less than half a month, totaling 500 million Hong Kong dollars.
Shinning Crown, a company wholly owned by the company's controlling shareholder Huang Guangyu, provided interest-free and unsecured loans to Gome Retail.
According to the previous announcement, the initial term of the loan is six months, which can be extended by both parties in writing before the expiry date, and the proceeds from the loan will be used by the Group as general working capital.
It is worth noting that since the beginning of this year, the major shareholder Huang Guangyu and his wife have also reduced their holdings many times, and they reduced their holdings 8 times in December alone.
After the last reduction on December 22 last year, Huang Guangyu and his wife held 20.584 billion shares of Gome Retail, holding 60.98% of the shares.
As of the latest data from the Hong Kong Stock Exchange, Huang Guangyu and his wife held 8.823 billion shares of Gome Retail on December 15, with a shareholding ratio of 24.7%, which means that the reduction of holdings during the year has exceeded 10 billion shares.
As of the close on December 29, Gome Retail reported HK$0.115, down 3.36%, and down 82.58% year-to-date.