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    For The Hualian Three Xin Jiang Long Two Enterprise Shaoxing Faction Working Group To Rescue The Market

    2008/10/13 0:00:00 59

    In the past few days, Shaoxing's "Jianglong" capital chain has broken down and it is hard to cross the river. This is a heavy blow to Shaoxing's textile industry.

    At the same time, Shaoxing's largest enterprise Hualian three Xin also encountered the same predicament.

    The local government has sent a working group to the three Xin Lian company to speed up asset restructuring.

    Today, the three county government working groups of Hualian Xin Xin and "Jiang long" are trying to save the city two.

      

    The end of "Jiang long" liquidation

    Reporters in the Shaoxing County Keqiao Development Zone "Jiang long" headquarters saw the factory road full of all the creditors of the car, three hundred or four hundred employees stopped at the factory gate to wait and see.

    The busy production area is now silent, covered with cigarette ends and plastic bags.

    Jiang Mingyuan, who has worked in the "Jiang long" for a year, told reporters that the factory paid the wages in August and September, and he received over 3000 yuan.

    "It was 3 o'clock, but it's not moving yet, so I have to wait."

    Jiang Mingyuan said.

    The relevant staff of the county working group told reporters that the compensation for employees must be distributed in batches. The current standard is that the workers who work for a year are two thousand yuan, less than one thousand yuan a year.

    Reporters learned from the relevant departments of Shaoxing County, the financial settlement of "Jiang long" is coming to an end, and the debt problem between "Jiang long" and suppliers is also being actively coordinated.

      

    The county government insists that three Xin should not be allowed to fall.

    The house leaks and even the rain at night.

    The biggest enterprise in Shaoxing County, which is also stuck in the capital chain dilemma, is Hualian three Xin Petrochemical (hereinafter referred to as Hualian three Xin), and the Shaoxing county government has dispatched a working group for more large-scale "rescue" in the past few days.

    Reporters learned that, because the futures market was set up by more than 10 billion yuan, coupled with bank panic lending, Hualian three Xin, the largest PTA manufacturer in China, has been shut down.

    "Our working group, more than 20 people, is a joint group composed of various departments of the county government, because Hualian three Xin is in need of asset restructuring, and many data need to be verified and confirmed.

    We have two main tasks, one is financial settlement, the next is the reorganization of assets, and the two is guarding work and avoiding asset loss.

    Shaoxing county government officials told reporters.

    Reporters in Hualian three Xin found that more than 700 employees still adhere to the post, a chemical industry leader said, management and county governments have stressed that this is just a temporary difficulty, will not let three Xin fall, "so we are all at ease."

      

    Hualian three Xin or will be injected 1 billion 700 million

    The day before yesterday afternoon, relevant departments of the provincial government came to coordinate the reorganization of Hualian three Xin, and the process was smooth.

    Emergency team staff said: "the government is still very optimistic about Hualian three Xin, and the main problem is the problem of capital chain. The futures problem is only one factor. This year's PTA industry's bad environment is the main reason. Last year, Hualian three Xin launched a 2 million ton PTA project, coupled with low price competition at home and abroad, and domestic financial tightening, all of which created the current difficulties."

    Reporters learned that, under the impetus of the local government of Shaoxing, the Hualian three Xin reorganization process suddenly accelerated.

    Huaxi Group, a major shareholder, may invest 1 billion yuan to completely take over the largest enterprise in Shaoxing.

    The reporter learned from a bank channel that a Hualian three Xin or will be inject 1 billion 700 million yuan - "Huaxi Group invested 1 billion yuan, the local government invested 500 million yuan, and the other 4 guarantee enterprises, each invested 50 million yuan."

    However, this statement has not yet been confirmed by the local government of Shaoxing.

      

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