Tongwang Sharing | Beihai Huiao Company's First Bondholders' Meeting Passes Resolutions with High Votes
Time:
2022-05-29
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Source:
Tongwang bankruptcy administrator team
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234
On the afternoon of May 27, 2022, the first creditors' meeting and vote counting ceremony for the reorganization case of Beihai Huiao Investment Development Co., Ltd. (hereinafter referred to as Huiao Company) was held in the Beihai Intermediate People's Court. The meeting announced that the "Rules of Procedure for Creditors' Meetings," "Property Management Plan," and "Continued Operation Plan" were approved by a high number of votes, and the list of elected and alternate members of the creditors' committee was announced.
Vote counting ceremony site
Chief Judge Ye Ping of the case presided over the meeting. Court assistant Chen Zi, Lin Yuren, the representative of Guangxi Jintou Real Estate Management Co., Ltd. (the chairman of the creditors' meeting), Ye Jianhan, the head of the administrator, and team members Zhang Mingbo, Xiong Wei, Li Hankao, vote counters Zheng Chunxue, and Mao Liying attended the meeting.
Judge Ye Ping presides over the meeting
Vote counting ceremony site
Recently, according to the current epidemic prevention and control requirements and the actual situation that the number of creditors in this case is large and scattered throughout the country, the Beihai Intermediate People's Court decided that the first creditors' meeting would be held simultaneously through a combination of on-site and online meetings. The online live broadcast was conducted through the DingTalk live broadcast meeting platform. 1447 people were expected to attend the meeting, and 1170 people actually attended. A total of 42 creditors and their authorized agents attended the on-site meeting, and a total of 995 people watched the online video live broadcast meeting.
Scene of the first creditors' meeting
In order to ensure that creditors fully exercise their voting rights, a creditors' committee was established at the first creditors' meeting, and vote counters were elected. According to the voting rules, participating creditors can participate in online voting from the time the voting channel is opened on the day of the first creditors' meeting until three days after the meeting, and exercise their voting rights on draft resolutions and elect members of the creditors' committee.
Guangxi Tongwang Law Firm, as the administrator of Huiao Company, under the guidance and supervision of the Beihai Intermediate People's Court, has carried out various tasks such as taking over Huiao Company, clearing assets and verifying capital, and reviewing creditor claims in just over 2 months since accepting the designation on March 21, 2022. It hired an audit company to conduct a special audit of Huiao Company's assets and liabilities, skillfully used the recognition of common interest debts to solve the project inspection report problem, and promoted the R building completion acceptance procedures, which had been shelved for 5 years, to enter the joint approval process.
This case is significant and complex, involving livelihood issues that have plagued nearly 1,400 homeowners. The convening of this meeting marks a major progress in the completion acceptance, house delivery, and certificate processing work of Huiao Company, which has been stagnant for a long time due to debt disputes. Next, the administrator will conscientiously implement the resolutions announced and passed at this meeting under the guidance and supervision of the Beihai Intermediate People's Court, continue to rely on the power of the Party committee, government, and court, and promote key tasks such as the completion acceptance, continued construction and operation, delivery of houses, handling of real estate ownership certificates, and recruitment of investors of Huiao Company in accordance with the law, and accelerate the reorganization process.
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