Tongwang Dynamics | The First Meeting of Creditors in the Bankruptcy Reorganization Case of Guangxi Wuzhou Huangchao Construction Investment Co., Ltd., undertaken by Tongwang (Wuzhou) Office, was successfully held.
Time:
2022-10-20
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The first creditors' meeting of the bankruptcy reorganization case of Guangxi Wuzhou Huangchao Construction Investment Co., Ltd. (hereinafter referred to as "Huangchao Company"), whose bankruptcy administrator is Tongwang (Wuzhou), was successfully held in Wuzhou Intermediate People's Court on the morning of October 18, 2022.

Meeting venue
Due to poor management and insolvency, Huangchao Company's bankruptcy reorganization application was accepted by the Wuzhou Intermediate People's Court in order to optimize the business environment, and the administrator was appointed. Since accepting the designation of Wuzhou Intermediate People's Court as the administrator, Tongwang (Wuzhou) has actively performed its duties diligently under the supervision and guidance of the People's Court, comprehensively investigated and verified the debtor's assets and liabilities, and maximized the protection of creditors' interests.

Representative of Tongwang Bankruptcy Administrator
Due to the COVID-19 epidemic prevention and control, this creditors' meeting was held in a combination of online live broadcast and offline on-site participation. More than 20 representatives from the collegial panel members of Wuzhou Intermediate People's Court, creditor representatives, administrators, and debtor representatives attended the meeting on-site, and more than 200 creditors attended the meeting online.
At the meeting, the administrator gave a periodic work report on the recent case handling. The creditors verified the relevant claims and voted on the "Rules of Procedure for the Creditors' Meeting", "Bankruptcy Property Management Plan", "Bankruptcy Property Disposal Plan", "Guangxi Wuzhou Huangchao Construction Investment Co., Ltd. Creditors' Committee Formation Plan" and the list of motions through online voting. The above motions were approved by the creditors' meeting, and the meeting successfully completed all the agenda.

Group photo of Tongwang (Wuzhou) Law Firm bankruptcy lawyers
Since being selected into the Guangxi Enterprise Bankruptcy Case Administrator Roster, Tongwang (Wuzhou) Law Firm has earnestly performed its duties and effectively safeguarded the legitimate interests of creditors. In the future, Tongwang Law Firm will continue to strengthen the construction of the bankruptcy business team, increase investment in talent cultivation, continuously improve the level of business, fulfill the social responsibilities of socialist legal workers, and contribute to improving the business environment.
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