Affected by the epidemic, Dasheng Agricultural Financial Annual Report postponed the successful sale of the subsidiary Nantong Bridge

Affected by the epidemic, Dasheng Agricultural Financial Annual Report postponed the successful sale of the subsidiary Nantong Bridge
On the evening of March 16, Dasheng Agricultural Finance issued an announcement saying that due to the travel restrictions imposed on the recent outbreak of coronavirus (COVID-19), the group terminated the reporting and auditing procedures for the annual financial statements on December 31, 2019.Unable to comply with Article 13 of the Stock Listing Rules of The Stock Exchange of Hong Kong Limited before March 31, 2020.Article 49 publishes annual performance announcements approved by the company’s auditors.Dasheng Agricultural Finance weighs, and after reaching unanimous agreement with the company’s auditors, the company will publish the audited annual results as soon as practicable after completing these reports and audit procedures; the company will publish the relevant announcement again whenever appropriate.Dasheng Agricultural Financial Democracy’s 2019 interim performance report shows that a series of companies reported a revenue of 8.3.2 billion yuan, a gain of 13 in the same period last year.6 billion yuan, the company’s shareholder’s share of compensation is 4963.50,000 yuan, expected in the same period last year 4.7.6 billion yuan.Dasheng Agricultural Finance is a subsidiary of DaShen Agricultural Group. According to the official website, it is an investment in the agricultural industry, investment and operation of the agricultural products circulation system, agricultural batch market and cold chain logistics information technology services, global procurement of agricultural products, comprehensive agricultural financial services, bulk petrochemical trade, A diversified group enterprise integrating investment and operation of smart cities and engineering construction.The actual controller of Dasheng Agricultural Finance is Lan Huasheng, who was born in Huaxin and started Dasheng Agricultural Group.Since March 2018, Dasheng Agricultural Group and Lan Huasheng have been hit by a series of storms due to the impact of the China Huaxin Ye Jianming incident. Stocks plunged, debt defaults, asset sales, and allocation and transfer have become keywords around Lan Huasheng.Later, part of Lan Huasheng’s helm merged with the listed company Jiangquan Industry, and Dasheng Agricultural Finance was successively taken over by state-owned assets.Dasheng Agricultural Finance also launched an asset sale plan. Black Peony (Group) Co., Ltd. once planned to acquire Nantong Bridge Engineering Co., Ltd., which is affiliated with Dasheng Agricultural Finance, but the plan was not successful.In February 2019, Black Peony announced that it had decided to terminate the relevant agreement on the acquisition of Nantong Bridge because the counterparty of the transaction submitted this transaction-related announcement to the Hong Kong Stock Exchange for pre-audit, which has not yet been approved.After a lapse of one year, the South Access Bridge was successfully sold.In February this year, Dasheng Agricultural Finance issued an announcement that on February 24, 2020, the company received an execution ruling from Shanghai Court on January 19, 2020 regarding Huaxin’s legal proceedings and successful auction of Nantong shares; according to HuaxinFor the execution of the ruling, the successful bidder is eligible to transfer the company’s interest in Nantong shares from the date of receipt of Huaxin’s execution of the ruling.Upon completion of the Nantong share transfer, Nantong Bridge will no longer be a subsidiary of the company.Sauna, Ye Wang Zhu Yueyi Editor Wang Yu proofreading Wei Zhuo