It is worth noting that the next day, an investor broke a letter of bankruptcy reorganization from Xiao Huanggou. The announcement shows, "At present, our company has started bankruptcy reorganization. After the above combing is completed, a specific debt solution will be given on July 19. "
After verification with the platform customer service, the above news is true. The customer service confirmed that Xiaohuanggou was indeed in a state of bankruptcy and reorganization, and the recycling business was still in normal operation.
It can be said that little yellow dog's bankruptcy has long been a sign. At the beginning of April, Xiaohuanggou intelligent garbage sorting and recycling machines in Nanjing, Wuxi and other places went on strike one after another, and many machines showed that "recycling machines are being upgraded and maintained".
On April 23, Xiao Huanggou posted an internal mail saying that due to the group cargo network incident, the company's account was frozen by the government, and the company lacked liquidity and could not operate normally. All yellow dog employees will be treated in a unified manner.
Then, it is the issue that investors are most concerned about. Does Xiao Huanggou start the bankruptcy reorganization procedure, and does it affect the repayment after the group loan?
As we all know, Tang Jun, the chairman of Xiaohuanggou Company, is also the actual controller of the group loan network and Wechat business Science and Technology (not in the company). Xiaohuanggou's main operator is Xiaohuanggou Environmental Protection Technology Co., Ltd., which was established in August 2065438+2007 and mainly engaged in new intelligent garbage sorting and door-to-door recycling. The first shareholder of Xiaohuanggou is Tang Jun's derivative technology, with a shareholding ratio of 54.39%, and the second shareholder is Xinghe Yun Teng with a shareholding ratio of 18. 17%.
On March 28, after the police filed an investigation into the case that the group loan network was suspected of illegally absorbing public deposits, Xiao Huanggou announced that Xiao Huanggou Environmental Protection Technology Co., Ltd. and the group loan network were two independent legal entities, and the environmental protection industry operated by Xiao Huanggou had no business connection with the Internet finance industry operated by the group loan network.
Although there is no information showing that Xiaohuanggou environmental protection technology is involved in "group loan network" related cases, the relationship between Xiaohuanggou, the derivative group and the derivative technology of listed companies can be described as confusing. Some media pointed out that the explosion of the group loan network may be related to Xiao Huanggou's offline private placement project.
According to official website's disclosure, the operation mode of Little Yellow Dog is as follows: by joining, the deposit is 50,000 yuan/set, and the rent for each set is 500 yuan/year. Booking starts from 10 set. It is estimated that the recycling machine can enjoy the profit sharing right for three years and share it with the platform 50/50. And promised to return the franchise fee in full after 3 years, but there is a laying period of 18 months, during which investors have no income.
The cost of the yellow dog is between 20,000 yuan and 25,000 yuan. This means that every time you join Xiaohuanggou, Xiaohuanggou Company can get a deposit of at least 25,000 yuan and enjoy an interest-free period of 65,438+08 months. The faster the little yellow dog expands, the more cash it gets.
According to the previous report of Interface News, Little Yellow Dog is in a radical expansion. As of July 20 18, the Little Yellow Dog Project has covered 156 residential communities in Beijing, Shanghai and Guangzhou, and will cover 33 cities in China in the future. According to its master plan of 65,438+0,000 cabinets, the total number of cabinets laid at present has reached 9,850. This means 2.3 billion purchases.
So what is the operation of the little yellow dog? The data shows that Xiaohuanggou Environmental Protection Technology only achieved a revenue of 4162,800 yuan in 20 18. At present, the source of funds for Little Yellow Dog is financing. According to the data of Tianyancha, on June 18 and 14, Xiaohuanggou received a series of financing of1500 million yuan invested by a subsidiary of Zhongzhi Group, and on June 20 18,100,000 yuan came from Yiju.
According to the relevant announcement in June+10 of 5438+ this year, as of February 3 1 day of 20 18, the total debt of Xiao Huang Gou was10/0/90,000 yuan, and the joining deposit received was 33 10/day.
Investors can't help but ask, have these billions of A and B rounds of financing been used up in less than a year? Where the hell is the money?
In fact, the capital operation behind Little Yellow Dog has never stopped. On April 27th, the spin-off technology announced that Xiaohuanggou Environmental Protection Technology will clear all the shares accounting for 2.44% of the company's total share capital from April 25th to 26th. According to the rough estimation of the stock price in these two days, the 9.452 million shares held by Xiao Huanggou can be cashed out at about 200 million yuan.
It is reported that Xiao Huanggou has started the bankruptcy reorganization procedure, or will be acquired by the private capital crocodile-Zhongzhi.
According to industrial and commercial information, Xinghe Yun Teng, another major shareholder of Xiaohuanggou, is actually controlled by Zhongzhi. As a limited partner, it is a good destination for the insolvent little yellow dog to find a rich "rich father" to take over the offer. As for whether it will affect the repayment of group loans in the future, we need to wait for the introduction of specific acquisition measures.