Three squirrels provide 300 million guarantee for the franchisees of squirrel shop?

Three squirrels were questioned by the Shenzhen stock exchange because they wanted to provide 300 million yuan guarantee funds to the operators of the small squirrel shops: how to determine that there is no profit transfer between the franchisee and the company? How to avoid risk in case of default? What are the responsibilities of the company and the bank in the guarantee audit process? < / P > < p > on October 23, three squirrels announced that in order to meet the needs of their own business development, they intend to provide a total guarantee amount of no more than 300 million yuan to the operators of the squirrel shops, that is, to provide guarantee for the operators of joined squirrel shops to finance financial institutions. < / P > < p > the above announcement makes it clear in the guarantee details that the amount of guarantee authorized this time accounts for 15.83% of the latest net assets of the listed company, and the guarantee balance as of the disclosure date of this announcement is 11.7187 million yuan. In addition, the announcement also pointed out that after the approval and implementation of the guarantee, the total amount of guarantee of the company is 1.3 billion yuan, accounting for 68.59% of the company’s latest audited net assets (the subsidiary has no external guarantee limit). As of the disclosure date of the announcement, the total balance of the company’s external guarantee was 260 million yuan, accounting for 13.81% of the company’s latest audited net assets. < / P > < p > the three squirrels said that the guaranteed objects were all qualified business entities who were admitted after the company’s strict examination and assessment. They were individual operators of small squirrel shops who had signed alliance contracts with the company. The company verified the guaranteed loan amount according to the opening scale and credibility of the company, supervised the subsequent use of its financing amount, and strictly controlled the related risks. In principle, the financing obtained by the individual operator of the squirrel shop through the company guarantee shall be used exclusively. There is no association between the guaranteed object and the company, and it is not a dishonest executee. < / P > < p > for the use of guaranteed loan line, the Shenzhen stock exchange requires three squirrels to explain in detail, the specific standards for the company to approve the guaranteed loan line for individual operators, the scope of single loan limit, the guarantee proportion of the company in a single loan, and whether the company has clear restrictions on the loan term and financing purpose under the guarantee, and the specific parties that the company supervises the subsequent use of financing In this paper. At the same time, how to ensure that there is no relationship between the guaranteed object and the three squirrels is also concerned. The Shenzhen stock exchange requires to explain the specific ways to determine that there is no relationship between the individual operator of the franchised squirrel shop and the company; how the company can prevent the risk of transferring interests to the related parties by providing guarantee for individuals; and the risk prevention and control measures the company intends to take if the operator of the franchise squirrel shop defaults on the loan. < / P > < p > in addition, as mentioned in the announcement, the relevant guarantee agreement has not been signed, and the specific guarantee amount, guarantee period and other contents shall be jointly determined by the company and the operator of the squirrel shop, banks and other financial institutions within the granted amount, and relevant contracts shall be signed. The relevant guarantee matters shall be subject to the guarantee documents formally signed. In this regard, the Shenzhen Stock Exchange asked three squirrels to explain what responsibilities the company and the bank should bear in the process of guarantee audit, and whether the loan applied by the guaranteed party to the bank is a credit loan or whether it needs to provide physical mortgage. Whether the bank will make payment to the secured party’s account or the company’s account. < p > < p > three squirrels quarterly report shows that in the first three quarters, the company achieved revenue of 72. 3.1 billion yuan, up 7.70% year on year; net profit was 264 million yuan, down 10.62% year on year. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. 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