2.5 million yuan of funds of Youkeshu’s parent company were frozen!

Recently, Youkeshu’s parent company Tianze Information issued an announcement stating that some of the company’s bank accounts were frozen, involving a total amount of 2.5 million.

There are a total of 4 newly frozen bank accounts , 3 of which are Minsheng Bank accounts and 1 is China Guangfa Bank account. Except for the China Guangfa Bank account with the most funds, which shows that the funds are frozen, the other 3 accounts are frozen only for receiving but not for paying.

Tianze Information said that as of the date of the announcement, the company had not received any official legal documents, notices or other information from the court, so the specific reason for the account freeze is still unclear . At present, Tianze Information is actively following up and verifying the incident, and will promptly fulfill its information disclosure obligations and announce the review results.

In fact, the 2.5 million yuan of funds frozen this time is a small amount for a listed company. Moreover, Tianze Information stated that the freezing of the relevant bank accounts only involves the listed company, namely Tianze Information itself, and will not have a significant impact on the company's overall production and operation.

It is reported that the main body supporting Tianze Information's performance is Shenzhen Youkeshu Technology Co., Ltd. and other subsidiaries. Its current performance is still normal and has not been affected by the current fund freeze.

This is not the first time that Tianze Information's bank accounts have been frozen. As of the date of the legal opinion issued by Tianze Information, a total of 24 bank accounts of Tianze Information and its subsidiaries had been frozen, including 18 frozen bank accounts of Tianze Information and 6 frozen bank accounts of Yuanjiang Information.

It is reported that the number of 24 bank accounts frozen by Tianze Information only accounts for 7.36% of its total bank accounts. The amount of the company and its subsidiaries’ frozen accounts is 6,735,291.80 yuan, accounting for 1.66% of the company and its subsidiaries’ cash balance in the most recent period. Therefore, the number and amount of frozen bank accounts account for a relatively small proportion.

In addition to the freezing of bank account funds, Tianze Information has also recently been experiencing frequent loan defaults. In 2019, Tianze Information applied for 210 million yuan in M&A loans from Minsheng Bank Nanjing Branch and Pudong Development Bank Nanjing Branch respectively. The agreement stipulates that Tianze Information should repay 5 million yuan (and interest) and 31.5 million yuan in principal to the two banks on May 20 and 21 this year respectively.

Previously, Tianze Information released its 2020 financial report, achieving operating income of 474,893.37 million yuan last year, but a net loss of 569.5314 million yuan, still turning from profit to loss compared with the same period last year.

Tianze Information said that the company's performance declined sharply last year, and the funds available to maintain basic operations are becoming increasingly tight. In addition, the company is currently undergoing business restructuring and is unable to repay the two matured loans.

Tianze Information

Funds Freeze

Loan overdue