Zhonghong Shares (000979) with overdue debt of more than 4 billion yuan，Trouble continues under the pressure of debt repayment，The company’s main body has recently announced that its credit rating has been downgraded。In this context，The controlling shareholder urgently needs to restructure the company’s assets、Seeking funds to relieve debt。

Evening of June 29th，Zhonghong shares disclosed the latest restructuring progress，Jialong company, which is also in the real estate industry, plans to acquire all the shares of the controlling shareholder，And promised in the framework agreement to inject assets after taking ownership。

According to announcement，Zhonghong Zhuoye Group Co., Ltd. (hereinafter referred to as "Zhonghong Group"), the controlling shareholder of Zhonghong Co., Ltd., plans to transfer its holdings to the company 188bet sports betting app download 22.All 2.8 billion shares were transferred to Xinjiang Jialong Tourism Development Co., Ltd. (hereinafter referred to as "Xinjiang Jialong")，Accounting for 26% of the company’s total share capital.55%。After transfer，Xinjiang Jialong will become the controlling shareholder of Zhonghong Co., Ltd.。At the same time，Xinjiang Jialong agrees to provide certain liquidity support to Zhonghong Group，Help the latter resolve the debt crisis it is currently facing。Zhonghong Group promises that the proceeds will first be used to resolve the outstanding debts between the company and Zhonghong Shares，Not allowed to be used for other purposes。

However，The above equity transfer matters are only a framework agreement，Currently, Zhonghong Group has debt problems such as multiple assets being seized，Of all the shares held by Zhonghong Shares，The total debts involved in equity pledge and judicial freezing reached 31.9.2 billion yuan，There is uncertainty whether the transfer obstacles can be successfully lifted and the transfer procedures can be completed。

Zhonghong Group said it will be responsible for negotiating with creditors to resolve the seizure、Ownership pledge and other transfer obstacles，No transfer obstacles、When the transfer can be completed smoothly，Sign the formal equity transfer agreement。

According to the framework agreement signed by both parties，After Xinjiang Jialong promised to successfully transfer the shares of Zhonghong Group，Will be in accordance with the 188bet sports betting app download regulatory requirements of listed companies，Planned to inject related projects into Zhonghong Shares。

Data display，Xinjiang Jialong’s registered capital is 50 million yuan，Business scope is tourism management、Travel consultation、Tourism project planning、House rental and scenic spot development tourism，Established on December 30, 2016，Less than two years ago。

The person in charge of Xinjiang Jialong is Fu Bolong，Directly holds 20% shares，And indirectly controls 35% of the equity through Beijing Dongfang Baoye Investment Co., Ltd.。Securities Times·e Company reporter discovered through Qichacha data，Fu Bolong has many related companies，More than 40 holding companies，The main business is mainly related to real estate、Property、Travel related。

Among them，The company with the largest registered capital is Jinxiu Fuchun Group Co., Ltd.，Established in 2011，Registered capital 400 million yuan，Paid 100 million yuan，Formerly known as "Zhejiang Fuchun Yongan Investment Co., Ltd."，More than 100 employees，Business scope includes ecological agriculture development、its official website name、Planting flowers and fruit trees, etc.。

its official website name，The company is "based on tourism，Integrated modern agriculture、Travel vacation、Sports and leisure、Cultural Creativity、A domestic professional investment, development and operation group for innovative composite industries 188bet Online Sports Betting and Casino such as health and wellness”。Its assets include the management rights of Hangzhou Longmen Ancient Town Scenic Area、Longmen Mountain Rafting Project、Landison Hotel Hangzhou Longmenyi etc.。

The major shareholder of Jinxiu Fuchun Group Co., Ltd. is Xinjiang Jialong，The latter directly holds 79% of the shares。And Jinxiu Fuchun Group、Xinjiang Jialong companies are all affiliated companies of Jialong Group (full name "Jialong Investment Group Co., Ltd.")，The actual controller is Fu Bolong。

Jialong Group is headquartered in Beijing，its official website shows，The group has now formed a petrochemical industry、Cultural Tourism、Real Estate Development、Equipment Manufacturing、Six core industries including hotel services and medical care。

You can find out by tracing the history of Jialong Group，The company started from the merger, acquisition and reorganization of state-owned enterprises，2001 merger and reorganization of Beijing Chemical Fiber Factory to form Hebei Gaoyang Textile Fiber Company，2004 merger and reorganization of Beijing Metal Structure Factory，Develop real estate later、Mainly cultural tourism projects。

In the field of real estate，Jialong Group has launched Jialong Building、Meishushan、Meishu Lake、Meishuling and other projects，Its projects are all over Beijing、Sanya、Qinhuangdao and other cities，Covers ordinary residences、High-end residential、Commercial and residential 188bet sports betting app download building、Office buildings and other property types，And owns a large land bank。

188bet sports betting app download 文来Source:Securities Times·e Company，Author: Chen Lixiang, original title: "Zhonghong Co., Ltd. plans to reorganize, and the takeover party, Xinjiang Jialong, promises to inject assets after taking over》.