Beijing News (trainee reporter Wang Zhenzhen) On January 11, on the investor interactive relationship platform, Hainan Coconut Island (Group) Co., Ltd. (hereinafter referred to as "Hainan Coconut Island") responded to investors that the company's general manager Feng Biao was included in the list of dishonest executors and did not affect the normal operation of the company.
The Beijing News reporter inquired from Tianyancha that Feng Biao not only served as the general manager of Hainan Coconut Island, but also served as the general manager of Beijing Oriental Junsheng Investment Management Co., Ltd. (hereinafter referred to as "Oriental Junsheng") and other positions.
According to the enforcement ruling of the Shanghai Financial Court released by the China Judgment Documents Network on November 30, 2021, Feng Biao was included in the list of dishonest executors because of a dispute between Orient Securities Co., Ltd. (hereinafter referred to as "Orient Securities") and Orient Junsheng involving the pledge securities repurchase of Hainan Coconut Island shares. The enforcement ruling shows that the civil judgment rendered by the Shanghai Financial Court on February 20, 2021 has taken legal effect, but the executors Dongfang Junsheng and Feng Biao have not performed within the time limit. On October 21, 2021, orient securities, the applicant executor, applied to the Shanghai Financial Court for compulsory enforcement, requiring the executor to repay the principal amount of the loan of RMB420 million, as well as deferred interest, liquidated damages, property preservation fees, announcement fees, etc.
The Shanghai Financial Court filed and accepted the case after review, including measures including restricting consumption measures against the judgment debtor on November 11, 2021, based on the application of the applicant for enforcement, and including the judgment debtor in the list of judgment defaulters on November 23, 2021.
The above-mentioned civil judgment rendered by the Shanghai Financial Court on February 20 requires that the defendant Oriental Junsheng should pay the outstanding financing principal of 425 million yuan, the deferred interest of about 40.61 million yuan and the principal and interest liquidated damages of about 76.18 million yuan to the plaintiff Orient Securities within 10 days of the effective date of the judgment. If Orient Junsheng fails to repay on schedule, Orient Securities has the right to discount, auction or sell the 93.41 million shares of Hainan Coconut Island stock and the corresponding fruits pledged by Orient Junsheng, or to apply for preferential reimbursement of the proceeds from the auction or sale of the above shares. As the general manager of Oriental Junsheng, Feng Biao bears joint and several liquidation liabilities.
The reporter noted that in October 2014, Feng Biao took a total of 20.84% of the equity of Hainan Coconut Island (later transferred to Oriental Junsheng) through the Oriental Financial Wisdom Platform, becoming the largest shareholder of Hainan Coconut Island, and Feng Biao himself also served as the chairman.
From 2016 to 2019, Hainan Coconut Island lost 0.4 billion yuan, 126 million yuan, 207 million yuan and 270 million yuan respectively. After surviving several consecutive years of losses, Hainan Coconut Island through the adjustment of products, marketing channels, and coincided with the hainan island policy heating up, in 2020 in 2020 to achieve 800 million yuan of revenue at the same time, deducting non-net profit successfully turned positive to 0.16 billion yuan.
According to the financial report of the third quarter of 2021, the total operating income of Hainan Coconut Island in the first three quarters was 679 million yuan, an increase of 39.48% year-on-year, the net profit attributable to the shareholders of the listed company was -12.77 million yuan, an increase of 63.33% year-on-year, and the non-net profit was -2140 yuan, an increase of 41.62% year-on-year.
As of the close of trading on January 12, Hainan Coconut Island's share price per share was 16.82 yuan, down 1.58% on the day, with a total market value of 7.539 billion yuan.
Beijing News trainee reporter Wang Zhenzhen Editor Zheng Mingzhu Proofreader Yang Xuli
Image Screenshot of Oriental Fortune APP, screenshot of China Judgment Document Network