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Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

On October 11, BBK Investment Group Co., Ltd. (hereinafter referred to as "BBK Investment Group") added a bankruptcy review case. "Another childhood memory is going to disappear?" As soon as the news came out, some netizens expressed regret, "The advertising slogan of 'backgammon reader, where you won't click where' accompanied my childhood." However, the Modern Express reporter learned that this backgammon is not the other backgammon.

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

"Where I won't order, my mother doesn't have to worry about my studies anymore, so easy!" Once, this advertising slogan forced the childhood of countless people.

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

The reporter noticed that the backgammon point reader familiar to netizens is currently a product of Guangdong Little Genius Technology Co., Ltd., its wholly-owned holding company is Dongguan BBK Education Technology Co., Ltd., and the actual controller is the Trade Union Committee of Dongguan BBK Education Technology Co., Ltd.

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

△BBK Investment Group

The BBK Investment Group, which was filed for bankruptcy review, was established in February 2003, the legal representative is Wang Cao, with a registered capital of about 1.22 billion yuan, and its business scope includes enterprise management consulting services, real estate information consulting services, business information consulting services, business agency services, property management, warehousing and storage, etc., which are jointly held by Wang Cao, Zhang Haixia and Lianzhi Investment Co., Ltd.

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

△BBK Investment Group

According to the risk information of the enterprise check, BBK Investment Group will have 4 pieces of information on the person subject to execution in 2024, with a total amount of more than 300 million yuan.

The two backgammon have nothing to do with each other.

BBK Investment Group is the former parent company of BBK Commercial Chain Co., Ltd. (hereinafter referred to as "BBK Shares").

According to public information, BBK was founded in Xiangtan, Hunan Province in March 1995 and is headquartered in Changsha, Hunan. In 2008, BBK shares were listed on the Shenzhen Stock Exchange, becoming the first listed company of a domestic private supermarket chain and becoming the "first private supermarket stock".

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

△ Reminder announcement

On October 12, BBK issued the "Suggestive Announcement on Shareholders Being Applied for Reorganization", saying that the company received a notice forwarded by the shareholder BBK Investment Group, and the creditor Shaoshan Dongxing Construction Co., Ltd. (hereinafter referred to as Dongxing Construction) has applied to the Xiangtan Intermediate People's Court (hereinafter referred to as the Xiangtan Intermediate Court) for the reorganization of BBK Investment Group on the grounds that BBK Investment Group cannot pay off its due debts and obviously lacks solvency.

Financial Cheetah|BBK was filed for bankruptcy review? This "high" is not the other "high"

△ BBK shares

BBK shares said that as of the announcement date, the company has not received the Xiangtan Intermediate People's Court to accept the applicant's application for the reorganization of the BBK Investment Group, and there is still significant uncertainty as to whether the applicant's application for Dongxing Construction can be accepted by the court and whether the BBK Investment Group can enter the reorganization procedure.

Affected by a variety of factors, in recent years, BBK shares are similar to a number of traditional retailers such as Gome, Yonghui Supermarket, Carrefour (China), and it is not easy to survive and develop. According to the financial report of BBK, in the first half of 2024, the company's operating income will be 1.711 billion yuan, and the net profit loss attributable to the parent company will be 78 million yuan. It is worth mentioning that in the first half of 2024, BBK also invited Fat Dong to come to a number of stores to help "explode reform" and inject new vitality into the company.

What is the impact of BBK Investment Group's bankruptcy review on BBK shares? In this announcement, BBK said that the company's reorganization plan has been implemented, the reorganization has been completed, the asset-liability structure has been fundamentally improved, and an application for revocation of the delisting risk warning has been submitted to the exchange. As of the date of this announcement, BBK Investment Group held 199,251,438 shares of the company, accounting for 7.41% of the company's total share capital. At present, BBK shares have no actual controller, BBK Investment Group and the company remain independent, BBK Investment Group was applied for reorganization, does not affect BBK shares operating and financial indicators.

Modern Express/Hyundai+ Reporter Li Na Comprehensive

(Image source: screenshot)

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