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SHE:002650

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Asia

Administrator for Former Jiajia Food Shareholder's Bankruptcy Liquidation Obtains Extension of Reorganization Plan

The administrator for former Jiajia Food Group (SHE:002650) controlling shareholder Hunan Zhuoyue Investment's liquidation obtained an extension for the submission of its draft bankruptcy reorganization plan, according to a Thursday filing with the Shenzhen bourse.Hunan Tiandiren Law Firm is still recruiting investors for the bankruptcy reorganization of the debt-laden shareholder, the filing said.Creditor Wanxiang Trust sought a bankruptcy declaration for Zhuoyue in 2023 due to non-payment of debt.

SHE:002650
Asia

Jiajia Food Receives 87 Million Yuan Income From Partnership Fund

Jiajia Food Group (SHE:002650) received income amounting to 86.8 million yuan as part of its investment in a partnership fund, according to a Shenzhen bourse filing.In 2014, the condiment food products manufacturer invested 200 million yuan into the Hexing (Tianjin) Equity Investment Fund Partnership (Limited Partnership), owning 99.995% of its capital.The company obtained 70.7 million yuan of pre-tax reserved equalization funds, which included 64.7 million yuan from the Eastroc Beverage (SHA:605499, HKG:9980) project, the Aimer (SHA:603511) project and 5.8 million yuan from the Zhongyin Babi Food (SHA:605338) project.Jiajia also received 16.2 million yuan in share income, which consisted of 15.7 million yuan from the Eastroc project and 444,494.31 yuan from the Aimer project.Jiajia's shares fell by less than 2% at the close.

HKG:9980SHA:603511SHA:605338SHA:605499SHE:002650
Asia

Jiajia Food Amends Investment Fund Agreement

Jiajia Food Group (SHE:002650) signed a supplemental agreement with general partner Hexing Tianjin Equity Investment Fund, amending cash management and stabilization fund rules, according to a Friday fling with the Shenzhen bourse.The partnership, in which Jiajia holds a 99.995% stake as a limited partner with 200 million yuan invested, will now allow low-risk cash management activities including government bonds, money market funds and stable bank products.The amendment eliminates the requirement to reserve 20% of exit proceeds as a stabilization fund, enabling full distribution of exit proceeds to partners.Shares of the condiment food products company closed 1% higher Friday.

SHE:002650

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