Former Partners Oppose The Plaintiff Huafang Textile Nearly 12 Million 320 Thousand Yuan Into The Bag.

The original judgment Alex Hua Tian company returned to China Textile (6.60,0.60,10.00%) loan principal 12 million 10 thousand yuan and Interest 300 thousand yuan, or one of the defendants, Xiao Chao's appeal is still outstanding.

In July 19th, Huafang textile industry has been trading for third consecutive days, and its share price has risen to 6 yuan / share. A 12 million 317 thousand and 700 yuan repayment that may soon be accounted for is regarded as the biggest positive news of the company in recent days. But one of the defendants, Xiao Zhao, said yesterday that he decided to appeal and had already paid the appeal fee.

　 Xiao Zhaoya said he wanted to appeal.

According to the announcement of Hua Fang textile in the evening of July 17th, the dispute between the company and Zhangjiagang Alex Hua Tian company and Xiao Zhaoya on the enterprise loan contract was heard by the Zhangjiagang people's court. The decision was as follows: defendant Alex Hua Tian Alex Hua Tian company should repay the loan principal of about 12 million 10 thousand yuan and the interest rate is about 300 thousand yuan. And within 10 days after the judgment becomes effective.

The judgment also shows: "if you refuse to accept this judgment, you may submit the petition to the court within fifteen days from the date of the judgment, and submit a copy according to the number of the other party, and appeal to the intermediate people's Court of Suzhou, Jiangsu."

"Hua Fang's lawsuit was lost, but the decision has not yet taken effect." Xiao Zhaoya said he had decided to appeal to the Suzhou intermediate people's court. "I got the verdict in July 13th and paid the appeal fee 97245 yuan in July 17th."

Huafang textile Securities Department staff said, "I have not heard of Xiao Zhao's appeal, and the company has only recently received a verdict."

As to what circumstances should be judged as "appealed", Yang Zhaoquan, lawyer of Beijing law firm, said: "the appeal is marked by the submission of the petition, and it must be paid within 7 days, otherwise it will be sold." In general, the court will issue the payment notice only after the petition is submitted, and then it can be paid through cash, telegraphic transfer and bank. Transfer accounts Payment by other means. "

In the bleak backdrop of the textile industry, the net profit of Huafang textile belonging to the parent company in 2011 was about -2.95 billion yuan, which was 315 million yuan based on the company's total shares and equivalent to -0.94 yuan per share. In the first quarter of this year, the company's losses continued and net profit was -2457.96 million yuan. If Zhangjiagang Alex Hua Tian company returns the loan principal and interest on time, it can relieve the company's performance pressure to a certain extent.

However, if Xiao Zhaoya lodged an appeal within the validity period, the case would be in a pending state again. According to Xiao Zhaoya, his lawsuit with Huafang textile company is more than that, the result is win or lose, but "many problems are difficult to say".

Former partners oppose

According to the announcement issued by Hua Fang textile in December 12, 2011, Huafang textile and Xiao Zhao Asia jointly invested in the establishment of Zhangjiagang Alex Hua Tian company in June 2010. The registered capital was 50 million yuan, Huafang textile accounted for 70% of the shares, and Xiao Zhao accounted for 30% of the equity. Since July 2010, Alex Hua Tian has borrowed from Huafang textile for its production and operation. In October 12, 2010 and March 12, 2011, Huafang textile signed two contracts with Alex Hua Tian. Loan Agreement, as of July 31, 2011, Alex Hua Tian company actually to the plaintiff the balance of principal and interest is about 17 million 250 thousand yuan.

In August 16, 2011, Huafang textile signed a transfer agreement with Xiao Chao, which agreed to transfer the shareholding of Alex Hua Tian textile company to Xiao Zhaoya. Since then, Alex Hua Tian is no longer a controlling subsidiary of Huafang textile. Because of the problem of borrowing, the relationship between the two sides is at stake. Alex Hua Tian and Huafang textile push each other to the dock. It was not until July 2012 when the people's Court of Zhangjiagang issued a verdict that it could not draw a satisfactory conclusion to the case.

Xiao Zhaoya told reporters that he had a lawsuit with Hua Fang textile on the transfer of stock rights of Alex Hua Tian company, and said that "the share transfer of Chinese Fang textile has been broken." However, reporters yesterday failed to contact Zhao Jiangbo, a textile manager of Huafang, so this statement has not been confirmed.

Since the beginning of this year, the price of Huafang textile has been on the low side. After announces a quarterly performance loss in April 25th, the stock price fell from 7.41 yuan / share, and the closing price in July 16th was only 4.5 yuan / share. Since the announcement of the dispute between Alex Hua Tian and Xiao Zhaoya and the dispute over the enterprise loan contract of the company, the stock price has been trading for 3 consecutive days. market Attention from all walks of life.