Excessive investment?In less than one month, nearly 8 billion investment agreements were signed.

Excessive investment?In less than one month, nearly 8 billion investment agreements were signed.
The Tang God, who has recently made announcements, has just received a letter of concern from the Shenzhen Stock Exchange.From April 27 to May 21, 2020, Tangrenshen disclosed 8 announcements of signed framework agreements and investment cooperation agreements with related parties, with a cumulative amount of 79.300 million yuan.On May 19, 2020, Tangrenshen copied the implementation subject of the fundraising project and the name of the fundraising project, and used the raised funds to provide benefits.Tang Renshen’s “First Quarterly Report 2020” shows that listed companies had total assets of 87 at the end of the first quarter.5.6 billion yuan, net assets 38.2.7 billion.The cumulative amount of the above agreement accounts for 90% of the total assets of the listed company at the end of the first quarter.57%, accounting for 207 of net assets.twenty one%.Regarding the above matters, the Shenzhen Stock Exchange expressed concern and requested Tangshen to separately list the investment progress plan and capital sources of the above agreement, and combine the listed company ‘s current ratio, quick ratio, asset-liability ratio, etc. to explain the above investment plan ‘s liquidity to the listed company.Whether the impact will lead to liquidity depletion and major financial risks, and whether the listed company has carried out procedures on the above investment matters.At the same time, the Shenzhen Stock Exchange also asked the Tangshen to explain the reasons for implementing the fundraising project by reference, expenditure refund and post-expiry arrangements.In addition, on January 23, 2020, Tangrenshen announced that Hunan Provincial Asset Management Co., Ltd., a shareholder holding more than 5% of the shares of the listed company, plans to continue to reduce the shares of the listed company.Therefore, the Shenzhen Stock Exchange asked Tang Renshen to supplement the explanation of the above shareholders’ reduction of the shares of listed companies from April 27 to May 21 and whether the listed companies have cooperated with the major shareholders to reduce their holdings.Sauna, Yewang noticed that in the 2019 annual report, the Tangshen mentioned that in 2020, it is necessary to give full play to the funds, the “1 + 3” self-propagating and self-raising pig breeding model and other late advantages, to speed up the slaughter of pigs.One of the specific details is that the Tang Dynasty God will further expand the scale of pig breeding on the basis of the existing productivity, and plans to speed up Chaling in Hunan, Tianshui in Gansu, Lufeng in Yunnan, Ya’an in Sichuan, Pingdu in Qingdao, Ulanqab in Inner Mongolia,Construction of regional pig farms in Maoming, Guangdong, etc., raises funds through bank loans, bond issuance, non-public issuance, the four-in-one model and other methods to give full play to capital advantages and build advanced modern pig farms.Through cooperation with social resources, Tang Renshen promotes the lease farming models of Loudi, Yiyang, Anyang, and Hengyang, and continuously releases the company’s production capacity.Recently, in response to the question from investors on “how the company responds to the downside risk of pig prices”, Tang Shen responded that “when the downside risk of pig prices comes, it is important to consider the following two factors: First, can the company have enough funds to helpThe company has gone out of the cold winter; second, are the company’s breeding costs and the newly-built breeding capacity costs low enough?The company will use management technology and scientific technology to reduce costs and improve efficiency.”Sauna, Ye Wang, editor of Yan Xia Li Weijia proofreading Li Shihui