The first creditors' meeting of the joint reorganization case of Yisheng, Tonghe and Miro was successfully held by Zhongcheng Qingtai Jinan.
Published:
2023-07-19
On July 17, 2023, under the auspices of the People's Court of Linyi High-tech Industrial Development Zone (called "Linyi High-tech Court"), with the understanding, cooperation and support of all creditors, shandong Yisheng Aluminum Co., Ltd. (hereinafter referred to as "Yisheng Company"), Linyi Tonghe Feed Co., Ltd. (hereinafter referred to as "Tonghe Company") and Linyi Milo Porcelain Co., Ltd. (Xiacheng "Milo Company") managed by Shandong Zhongcheng Qingtai (Jinan) Law Firm The first creditors' meeting of the three companies in the reorganization case was successfully held. Linyi High-tech Court decided on May 8, 2023 to pre-restructure the three companies for a period of three months because the three companies were unable to pay off their due debts and their assets were insufficient to pay off all their debts. Shandong Zhongcheng Qingtai (Jinan) Law firm was appointed as the temporary manager of the three companies. Later, in order to prevent further impairment of assets and maximize the interests of all creditors, the Linyi High-tech Court ruled on June 1, 2023 to accept the reorganization application of the three companies and appointed Shandong Zhongcheng Qingtai (Jinan) Law Firm as the administrator. After accepting the designation, under the guidance of Linyi High-tech Court, the Institute quickly set up a team of managers, formulated detailed work plans and work plans, diligently and dutifully, and faithfully performed the duties of managers. The first creditors' meeting of the three companies was held on the national bankruptcy reorganization case information network. Representatives of administrators, audit evaluation institutions, debtor representatives, creditor chairmen and employee representatives attended the meeting on the spot, and other creditors attended the meeting through the network. At the meeting, the administrator made reports such as the Phased Work Report on the Execution of Duties, the Report on the Request to the Creditors' Meeting for Verification of Claims, the Report on the Request to the Creditors' Meeting for Review of the Administrator's Remuneration Plan, the Property Management Plan, and the Property Change Price Plan, which were submitted to the creditors' meeting for consideration. By the vote of all the creditors with the right to vote, the voting matters were passed with a high vote in favor, and the agenda was successfully completed. The smooth convening of this meeting is the result of the joint efforts of all creditors, debtors and administrators, which is conducive to safeguarding the legitimate rights and interests of creditors and debtors. The follow-up administrator will continue to faithfully perform various duties, carry out various tasks under the supervision of the court and creditors, and strive to ensure the smooth progress of the bankruptcy reorganization procedures of the three companies, so as to achieve the unity of the legal and social effects of the case.
On July 17, 2023, under the auspices of the People's Court of Linyi High-tech Industrial Development Zone (called "Linyi High-tech Court"), with the understanding, cooperation and support of all creditors, shandong Yisheng Aluminum Co., Ltd. (hereinafter referred to as "Yisheng Company"), Linyi Tonghe Feed Co., Ltd. (hereinafter referred to as "Tonghe Company") and Linyi Milo Porcelain Co., Ltd. (Xiacheng "Milo Company") managed by Shandong Zhongcheng Qingtai (Jinan) Law Firm The first creditors' meeting of the three companies in the reorganization case was successfully held.
Linyi High-tech Court decided on May 8, 2023 to pre-restructure the three companies for a period of three months because the three companies were unable to pay off their due debts and their assets were insufficient to pay off all their debts. Shandong Zhongcheng Qingtai (Jinan) Law firm was appointed as the temporary manager of the three companies. Later, in order to prevent further impairment of assets and maximize the interests of all creditors, the Linyi High-tech Court ruled on June 1, 2023 to accept the reorganization application of the three companies and appointed Shandong Zhongcheng Qingtai (Jinan) Law Firm as the administrator. After accepting the designation, under the guidance of Linyi High-tech Court, the Institute quickly set up a team of managers, formulated detailed work plans and work plans, diligently and dutifully, and faithfully performed the duties of managers.
The first creditors' meeting of the three companies was held on the national bankruptcy reorganization case information network. Representatives of administrators, audit evaluation institutions, debtor representatives, creditor chairmen and employee representatives attended the meeting on the spot, and other creditors attended the meeting through the network. At the meeting, the administrator made reports such as the Phased Work Report on the Execution of Duties, the Report on the Request to the Creditors' Meeting for Verification of Claims, the Report on the Request to the Creditors' Meeting for Review of the Administrator's Remuneration Plan, the Property Management Plan, and the Property Change Price Plan, which were submitted to the creditors' meeting for consideration. By the vote of all the creditors with the right to vote, the voting matters were passed with a high vote in favor, and the agenda was successfully completed.
The smooth convening of this meeting is the result of the joint efforts of all creditors, debtors and administrators, which is conducive to safeguarding the legitimate rights and interests of creditors and debtors. The follow-up administrator will continue to faithfully perform various duties, carry out various tasks under the supervision of the court and creditors, and strive to ensure the smooth progress of the bankruptcy reorganization procedures of the three companies, so as to achieve the unity of the legal and social effects of the case.
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