The first creditors' meeting of the merger and reorganization case of five companies including Shandong Shengda Coating Materials Co., Ltd. was successfully held.
Published:
2021-04-26
Shandong Shengda Coating Materials Co., Ltd. and other five companies merger and reorganization case. The first meeting of creditors was successfully held.
On the afternoon of September 20, 2018, the first creditors' meeting of the merger and reorganization case of five companies including Shandong Shengda Coating Materials Co., Ltd. was successfully held in the Xinghan Hall of Snowflake Mountain Hotel in Zouping County. Members of the collegial panel, members of the administrator, representatives of the debtor and 93 creditors jointly participated in the meeting. At the meeting, lawyers from Zhongcheng Qingtai (Jinan) Law Firm as the representative of the administrator made the "Report on the Debtor's Property Takeover Work", "Report on Property Management and Price Revaluation Plan", "Report on Requesting Creditor's Meeting to Verify Creditor's Rights", "Report on the Establishment of Creditor Committee and Rules of Procedure", "Report on the Recommendation Letter of Creditor Committee Member Candidates" and accept inquiries from creditors, creditors are invited to vote on the report on property Management and price change Plan, the proposal on the Establishment and rules of procedure of the creditor Committee, and the report on the recommendation letter of candidates for members of the creditor Committee. At the final meeting, the above three motions were passed by a high vote, and the people's court read out the decision of the chairman of the creditors' meeting, and the first creditors' meeting was successfully concluded.
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As a member of the legal institution of the administrator of Shandong Shengda Coating Materials Co., Ltd., since the above-mentioned five companies entered the bankruptcy reorganization process on June 29, 2018, it has taken nearly three months and dispatched nearly 20 professional lawyers. Under the guidance and supervision of the Zouping County People's Court and the leadership and support of the person in charge of the administrator, we have fulfilled our duties and performed our duties diligently, completed the property takeover, creditor's rights review, external liquidation, merger and reorganization hearings, external investment investigation, and issuance of recruitment announcements of the five companies, and held the first creditors' meeting as scheduled. In the process of preparing for the first meeting of creditors, the manager pays attention to details, pursues meticulous, and puts empathy with creditors in a more important position. For example, the manager prepared a transparent bag for each creditor, containing a debt meeting vote, meeting materials, black gel pen and writing paper. Determine the number in advance, seat number, a debt will vote, transparent bag are all the number, so that creditors enter the more orderly, and in the counting of votes will not appear in the voting can not confirm the creditors, shorten the counting time. The work of the managers of the merger and reorganization cases of five companies, including Shandong Shengda Coating Materials Co., Ltd., has been recognized, trusted and highly appraised by the collegial panel, debtors and creditors.
After the first creditors' meeting, the members of our Shengda reorganization team will continue to perform their responsibilities seriously, complete the follow-up work under the guidance of the court and the administrator, safeguard the legitimate rights and interests of creditors, and promote the smooth progress of merger and reorganization.
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There have been more than a dozen bankruptcy cases in which our firm has been the administrator this year. Among them, the merger and reorganization cases of 27 companies, such as Qixing Group Co., Ltd., which has received widespread attention from the society, have successfully passed the reorganization plan, and are now in the implementation stage of the reorganization plan. The bankruptcy and liquidation cases of Jinan Sunshine Real Estate Co., Ltd. and Shandong Bogda Real Estate Co., Ltd. have successfully held a debt meeting, the merger and reorganization case of 24 companies including Yangxin Eurasian Wood Co., Ltd., and the merger and reorganization case of three companies including Dongying Jiahao Chemical Co., Ltd. have successfully held merger and reorganization hearings, and Dongying Shengtang Real Estate Co., Ltd. has entered Bankruptcy liquidation procedures. The Bankruptcy Legal Affairs Center of our Institute has won unanimous praise for its professional and dedicated work.
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