Selling loss-making footwear and clothing assets to revitalize the efficiency of asset use, amending the company's articles of association to improve decision-making and operating efficiency, adding company directors and improving the corporate governance structure, Guirenniao is actively promoting transformation and gradually getting out of the trough.
On the 20th, the third extraordinary general meeting of shareholders held by Guirenniao deliberated and passed the "Proposal on Partial Assets by Public Auction", "Temporary Proposal on Amending the Articles of Association of Guirenniao Shares", and "Proposal on Supplementing Directors".
From the announcement issued by Guirenniao on the 20th, it is known that in the newly revised articles of association, the board of directors has added some deliberation items to optimize the process of repurchasing the company's shares. At the same time, non-independent director candidates Gao Rui and Wang Rong were added.
It is clearly foreseeable that after the revision of the company's articles of association, the decision-making and implementation of the company's major business policies will be more efficient from the institutional level, and the current noble bird out of the trough does need an efficient decision-making process and a more perfect company management structure.
The additional director is the newly hired general manager Gao Rui, who was originally the company's original strategic reorganization investor, a master's degree student of Peking University, and served as the editor and reporter of ** TV station, and he threw out a 30 million yuan to 60 million yuan increase plan as soon as he took office, injecting a shot in the arm into the market.
Another deputy general manager of the company, Wang Rong, has a Ph.D. degree and worked at Roland Berger Management Consulting, one of the world's top strategic management consulting firms.
The addition of new directors will also bring a broader vision and a more complete talent management structure to the development of Guirenniao.
In addition, the market is highly concerned about the progress of Guirenniao's footwear and apparel assets to be auctioned publicly - the assets of Neikeng Industrial Park located in Neikeng Town, Jinjiang City.
It is understood that as of the end of 2023, the unaudited book value of the underlying assets (assets of Neikeng Industrial Park) is 6$4.5 billion, including buildings, construction in progress and land use rights. After assessment, the recoverable amount is 4400 million yuan.
Guirenniao has said that based on the appraisal report and taking into account the tax situation on the disposal of assets, the company will be divided into 4800 million yuan will be auctioned as the reserve price of the first auction;If the first auction is not sold, the company will auction with 400 million yuan as the reserve price of the second auction;If the second auction is not sold, the company will terminate the auction and dispose of it separately according to the actual situation of the market and the company.
If the auction goes smoothly, more than 400 million funds will inject a considerable cash flow into Guirenniao, which not only revitalizes the company's assets, but also alleviates the financial pressure of the company, and allows the company to travel lightly and steadily transform to the main agricultural industry.
At present, with the gradual stripping of the original loss-making footwear and clothing assets, the pace of Guirenniao is becoming more and more steady, the management focuses on the development of the core business of the food sector, and also efficiently solves the contradiction between the company's resources, capital, management and other comprehensive strength and different business development needs.
In addition, from the perspective of the investment sector, agriculture is the basic plate of the country's long-term development, and the controlling shareholder of Guirenniao has worked hard in the grain industry for many years and has established a certain scale and advantages in this field, which is conducive to improving the company's overall performance and market value.
At the same time, with the implementation of this year's "No. 1 Document", the current agricultural work will also officially enter the stage of comprehensive promotion, and the "No. 1 Document" has a lot of ink on the high-quality agricultural product producing areas in Northeast China. As a national brand from the black soil of Northeast China, Jinhe will also usher in more development opportunities, and at the same time, Jinhe Agriculture, as the core anchor point of Guirenniao's transformation of agriculture and layout of the food industry chain, has achieved continuous results in recent years.
Previously, Jinhe Agriculture won the honor of 2023 Cultural Brand of CCTV Major Brands, and it has sprung up in terms of sales, topping the TOP1 of Douyin's 618 rice category sales list for 2 consecutive years, and winning the 2023 annual sales champion of the Douyin rice track. It is reported that Jinhe Yusu, a subsidiary of Guirenniao Co., Ltd. and Nantong State-owned Assets, has launched two fresh rice production lines in Nantong, with an annual output of 60 million boxes. The super production line will create the quality and strength of the Jinhe brand in the prefabricated food sector.
In the future, under the background of policy encouragement, Guirenniao will travel lightly, move forward vigorously in the grain sector, and strive to build a quality benchmark for the agricultural track and bring China's high-quality grain to the dinner table of the Chinese people.