On April 18, the Beijing Fourth Intermediate People's Court of Beijing News recently ruled to seize, seize and freeze the property of CITIC Guoan Group Co., Ltd. with a limit of 400 million yuan.

Beijing News (Reporter Zhao Yibo and Zhu Yueyi) On April 18, a reporter from the Beijing News exclusively learned that the Fourth Intermediate People's Court of Beijing recently ruled to seize, seize and freeze the property of CITIC Guoan Group Co., Ltd. with a limit of 400 million yuan. The term for freezing bank deposits is one year, the term for seizing movable property is two years, and the term for seizing real estate and freezing other property rights is three years.

Beijing News reporter learned that the freezing was an application from the Beijing Branch of China Minsheng Bank Co., Ltd. The civil ruling of

(2019) Jing04 Finance Insurance No. 21 shows that in the case of a financial loan contract dispute between China Minsheng Bank Co., Ltd., China Minsheng Bank Co., Ltd., the Beijing Branch of China Minsheng Bank Co., Ltd. applied for property preservation from the Beijing Fourth Intermediate People's Court on March 18, 2019, requesting the seizure and freeze of assets and interests in the name of the respondent in accordance with the law, with a limit of RMB 400 million. The applicant China Minsheng Bank Co., Ltd. Beijing Branch has provided a guarantee.

ruling shows that the ruling will begin to be implemented immediately; if you are dissatisfied with the ruling, you can apply for reconsideration to the court within five days from the date of receipt of the ruling. The execution of the ruling will not be stopped during the reconsideration period.

htmlOn the morning of April 18, the reporter called the relevant contact information of CITIC Guoan Group. The caller said that the specific department was responsible for the freezing of 400 million yuan of assets and he did not know.

It is worth noting that CITIC Guoan's 400 million property was frozen this time, only a few days have passed since the last time it was frozen.

In December 2018, due to the application of Beijing Zhongguancun Bank Co., Ltd., CITIC Guoan Group's 300 million yuan property was frozen by the Beijing Fourth Intermediate People's Court. On March 15, CITIC Guoan Group issued a lawsuit announcement, and its 300 million yuan property that was previously frozen by the court due to the application of Zhongguancun Bank has been lifted out of freezing.

Since the beginning of this year, CITIC Guoan Group has frequently been in financial turmoil.

According to the lawsuit announcement of CITIC Guoan Group, some equity of CITIC Guoan Group and its subsidiaries are still frozen.

Among them, because Huaxin International Trust Co., Ltd. applied for pre-trial property preservation , the 2.25 billion shares of silver nonferrous metals held by Guoan Group, the 3.345 billion shares of unrestricted circulating shares of held by CITIC Guoan Group, and the 117 million shares of unrestricted circulating shares of CCITIC Guoan Investment Co., Ltd., a subsidiary of Guoan Group, have been judicially frozen by the Beijing Fourth Intermediate People's Court since the end of January this year. The debt scale between Guoan Group and Guoan Investment and Huaxin Trust totaled 433 million yuan. The court judicially freezes the above assets based on the closing price on the day of the freezing, and the frozen assets are about 7.955 billion yuan.

CITIC Guoan Group announced that it will further strengthen the company's debt management and actively prevent and resolve funding risks.

Caixin reported that Chang Zhenming, chairman of CITIC Group , said at the performance conference on March 29 that CITIC Guoan Group has hired CITIC Securities as a debt restructuring consultant, and the CITIC Securities team is doing financial debt restructuring for it, hoping that the debt restructuring can proceed smoothly.

According to Times Weekly, CITIC Group is asking China Banking and Insurance Regulatory Commission for assistance regarding the liquidity risks of its subsidiary CITIC Guoan Group.

Beijing News reporter noticed that some of the assets of CITIC Guoan Group, which is in the midst of a financial turmoil, have been taken over by CITIC Group.

According to industrial and commercial information disclosure, on March 21, CITIC Information Technology Investment Co., Ltd. (hereinafter referred to as "CITIC Technology") underwent equity change, and its shareholders changed from CITIC Guoan Group Co., Ltd. to CITIC Digital Media Network Co., Ltd. (hereinafter referred to as "CITIC Digital Media"). CITIC Digital Media was established in May 2015 with a registered capital of 1 billion yuan and is a subsidiary of CITIC Group.

CITIC Technology, which has undergone equity changes this time, is a subsidiary of CITIC Guoan Group Co., Ltd. CITIC Technology's main businesses are divided into three parts: equity investment business, auxiliary investment business and consulting service business. Among them, in terms of equity investment business, according to CITIC Guoan Group, CITIC has invested in nearly 20 projects in the past ten years, and most of the projects have been successfully exited through IPOs, agreement transfers, founder repurchase, liquidation, etc., realizing the preservation and appreciation of state-owned assets.

Beijing News reporter noticed that CITIC Guoan Group itself also took the initiative to lose weight.

htmlOn March 14, CITIC Guoan, a listed company under CITIC Guoan Group, announced that its wholly-owned subsidiary CITIC Guoan Communications Co., Ltd. (hereinafter referred to as "Guoan Communications") currently holds 591369960 shares of the Shanghai Stock Exchange listed company Jiangsu Radio and Television Cable Information Network Co., Ltd. (hereinafter referred to as " Jiangsu Cable ", stock code: 600959), accounting for 11.99% of its total share capital. According to the company's business development needs, in order to revitalize existing assets, Guoan Communications plans to sell some of Jiangsu Cable's shares at the right time through bulk transactions.

CITIC Guoan said that this transaction is an overall arrangement based on the company's business development needs and is based on the overall arrangement to revitalize existing assets. The implementation of this transaction will help increase the company's profits, concentrate superior resources to develop innovative businesses, and promote the company's sustainable development.

Hubei Radio and Television announced on April 12 that the company's shareholder CITIC Guoan Information Industry Co., Ltd. (hereinafter referred to as "CITIC Guoan"), a joint actor of CITIC Guoan Group Co., Ltd. (hereinafter referred to as "CITIC Guoan Group"), which holds more than 5% of the company's shares, has reduced its holdings of the company's shares by 3.6267 million shares through centralized bidding, accounting for 0.57% of the total number of shares of the company. This reduction plan has been implemented.

The shares of CITIC Guoan Group this time are all of its shares in Hubei Radio and Television; after the reduction is completed, CITIC Guoan Group will no longer hold shares in Hubei Radio and Television.

Reporter contact information: zhaoyibo@xjbnews.com

zhuyueyi@xjbnews.com

Beijing News reporter Zhao Yibo Zhu Yueyi Editor Cheng Bo Proofreading Li Lijun