Tongwang Performance | Successful Takeover Ceremony for the Restructuring of Beihai Huiao Investment Development Co., Ltd.
Time:
2022-03-31
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On March 30, 2022, the takeover ceremony for the reorganization case of Beihai Huiao Investment Development Co., Ltd., managed by Tongwang, was held at the sales office of the Huiao Company project. The takeover ceremony was organized by the administrator, and Judge Ye Ping of the Beihai Intermediate People's Court, who was in charge of the case, attended the takeover ceremony. Representatives of Huiao Company and some creditors attended the takeover ceremony.
Image | Scene of the Takeover Ceremony
Huiao Company is a private enterprise mainly engaged in real estate project investment and development. In recent years, due to poor management, it has been involved in huge debt disputes, which has triggered a large number of litigation cases and legal petitions, which has aroused great attention from the local party committee and political and legal departments. How to deal with creditor and debt in accordance with the law and quickly, and actively resolve social conflicts, is not only the goal of handling this case, but also the problem to be solved urgently in this case.
At the takeover ceremony, Judge Ye Ping explained the process of the Beihai Intermediate People's Court ruling to accept the reorganization application of Guangxi Jintou Real Estate Management Co., Ltd. to the debtor Huiao Company, and selecting and appointing the administrator in a competitive manner. Judge Ye Ping emphasized that she hoped that the majority of creditors would trust the Party committee, the government, and the court, exercise the rights conferred by law, and strive for fair and just treatment of their claims. Judge Ye Ping also gave patient and detailed answers to the questions that creditors generally care about, which has received widespread attention and positive evaluation from the creditors present.
Image | Judge Ye Ping at the meeting
Ye Jianhan, the person in charge of the administrator, made a speech on behalf of the administrator team, pointing out that the Huiao Company reorganization case is characterized by a large number of people involved, complex legal relationships, and great social impact. The administrator believes that only by conducting a comprehensive inventory of assets and capital verification and clarifying creditor and debt in accordance with the law can we effectively promote the recruitment of investors, complete the continued construction of stalled projects as soon as possible, and deliver the houses to buyers who meet the legal requirements. The administrator has good ideological and moral character, solid business capabilities, rich case handling experience, and a tenacious work style, and guarantees that under the guidance and supervision of the Beihai Intermediate People's Court, it can diligently and faithfully perform its duties and assist the court in doing a good job in hearing the Huiao Company reorganization case, and protect the legitimate rights and interests of the majority of creditors in accordance with laws and regulations, and make due contributions to stabilizing society, creating a good business environment, and promoting social and economic development.
Image | Ye Jianhan, head of the administrator, at the meeting
At the meeting, Zhong Xiaoyi, Deputy General Manager of Huiao Company, made a statement, saying that Huiao Company will fully cooperate with the work of the court and the administrator, and fulfill the various obligations of the debtor stipulated by law.
The successful holding of the takeover ceremony marks that the Huiao Company reorganization case has officially entered the stage of asset verification and creditor and debt sorting led by the administrator.
Image | Q&A session after the meeting
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