PE and Hougu Coffee return to the negotiating table and come up with three plans.

Every reporter Cao Shengyuan comes from Chengdu.

On June 20, the Daily Economic News first published the article "Capital emergency of China's largest instant coffee company and venture capital differences or stranded listing plans", and then the contradiction between Dehong Hougu Coffee Co., Ltd. (hereinafter referred to as Hougu Coffee) and Investment Equity Company (hereinafter referred to as PE) became public and continued to ferment.

Yesterday, after several days of confrontation, Hougu Coffee and PE returned to the negotiating table under the coordination of the local government.

In this regard, a representative of PE told the Daily Economic News that because the matter is relatively complicated, the preliminary results are expected to wait a week or two. At the same time, peers also pay great attention to the Hougu Coffee incident. It is reported that a domestic coffee manufacturer has a strong interest in Hougu Coffee, the largest instant coffee production line in the country.

PE said the negotiations could last a week or two

"now the two sides are negotiating under the auspices of the relevant departments, so it is not convenient for them to be interviewed." Yesterday, after PE held a press conference aimed at Hougu Coffee, Dehong Hongtian Industrial Group (hereinafter referred to as Hongtian Industrial, the controlling shareholder of Hougu Coffee) told the Daily Economic News.

It is understood that PE has proposed to set up an "emergency management committee" led by the state government and local public security, with the participation of creditors of all parties, to be fully responsible for managing the daily operation of Hougu Coffee during the case investigation stage, and to cooperate with the government and reconnaissance organs to complete judicial audits, so as to ascertain the facts as soon as possible, stabilize enterprise development, and enable the company to return to normal operation track as soon as possible.

At present, the "Emergency Management Committee" is coordinating various matters between the two sides, and coordination has also been held in recent days.

Subsequently, the PE confirmed that negotiations led by the local government are under way. "predictably, this is not a simple matter, so the negotiations are likely to last about a week or two."

Prior to this, the two sides have tried to resolve issues such as the development of the company through negotiations. However, due to differences in equity and the direction of investment, the development of Hougu Coffee has entered a cold winter.

Hongtian Industry may sell its shareholding

Previously, Hongtian proposed a variety of equity adjustment plans for the above-mentioned PE and its affiliated enterprises: first, maintain the existing ownership structure (36.25% of the above-mentioned PE and its affiliated enterprises) and formulate articles of association with the same shares; second, Hongtian Industries buys back or buys back some or all of the shares held by the equity investment company and its affiliated enterprises in accordance with the buyback agreement. Third, the above-mentioned equity investment companies acquire the shares of Hougu Coffee held by Hongtian Industry.

Some people close to the top of Hougu Coffee said frankly that from the current situation, the probability of maintaining the existing ownership structure is small. "because if the two sides continue to cooperate, they will feel awkward."

At present, what Hongtian wants most is the proposal to buy back the stake in PE. The above people said frankly that the most important thing about this bill is the buyback funds, and if both sides finally pass the bill, "Hougu Coffee will face great operating and acquisition costs within a short period of time, and the capital chain will be tight."

At present, Xiong Xiangjin, chairman of Hougu Coffee, is also trying to solve the funding problem through various channels.

As for Hongtian Industrial to transfer all its shares to PE, there is also this possibility, "however, this will have a certain impact on the company and the industry."

The coffee industry is also keeping a close eye on this incident. According to a reporter from the Daily Business News, a large domestic instant coffee manufacturer is quite interested in the instant coffee production line of Hougu Coffee, but it has not yet had any substantial contact with Hougu Coffee.

The above people close to the senior management of Hougu Coffee pointed out that in the end, it can be foreseen that no matter how the result will have an impact on the future operation and brand of Hougu Coffee, if the two sides mediate well, Hougu Coffee can return to normal operation in a relatively short period of time.

(responsible Editor: Leo)