Guirenniao is also a household name in China, and its advertising spokesperson is Liu Tianwang after all. Although this brand does not have a high market share in our country, its reputation will not fade away. Recently, Guirenniao Co., Ltd. was listed as the person subject to execution by the court. The court for this execution was the Xiamen Intermediate People's Court. So what was the reason that led to Guirenniao being executed? Let's continue the analysis.

The Guirenniao brand has been around for many years, dating back to 2004. Its main business is basically the production of clothes, pants, shoes, etc., as well as things related to life and sports. On September 3, Guireniao issued an announcement stating that the company's shares held by the company's controlling shareholder Guireniao Group had changed. The company's 33 million unrestricted tradable shares held by Guireniao Group were released on September 2, 2020. It was judicially transferred to Xiamen International Trust to pay off the debt.

As can be seen from the above announcement, Guirenniao has encountered a financial crisis. The company's development has basically been slow since it was listed. The company's loans are seriously overdue, which has also led to the company's increasing risks. big. It can be understood that the company has basically not made any money since it went public. Why not make money? I think as consumers we should have the most say. Although the Guirenniao brand is a household name, it is not well-known. Low. However, basically the recognition of its products in China is very low. Therefore, few people buy Guirenniao's products. Compared with other domestic brands such as Anta, Li Ning, Xtep, etc., they are far away. Other brands are more famous and recognized. This led to this embarrassing situation in Guirenniao.

Guirenniao, who became the person subject to execution, fell into an embarrassing situation because he could not repay the loan and could not make any money. So they took out 33 million shares as compensation, but as a bystander, is Guirenniao's shares still worth so much money? Especially now that this kind of scandal broke out, there is no hope for Guirenniao's stock price to rise, and Guirenniao has been labeled as an ST stock. No matter how you calculate it, it is not worthwhile to accept these 3,300 shares.