Capital Chain Rupture, Heavy Debt Ridden &Nbsp; Shoe Enterprises Strive To Survive.

Is October 17th news alive or dead? Capital chain The final choice of the broken and heavily indebted enterprises is at hand. Of course we have to live. Only those who have worked hard have had the hope of turning over again; only when they live, can the creditors get the chance to retreat. If only they live, many employees will not fall into the predicament of breaking the rice bowl.

How can we live? Journalists have heard many wonderful scenes in the shoe and clothing business. The boss is hard and strong, with the government's full help. Creditors are generous.

In a word, only by working hand in hand, can we have the "Tan Xi leap".

Rescue enterprise "completion time"

Strong restructuring, "tyrant" reborn

Bully has been a sight for a while. In the early years, it was the first in Zhejiang. footwear industry Group.

The power of the company was hanging on the line. Two years ago, the boss was on the run and the business was on the verge of extinction.

Bully's power is now turning, and the powerful French group is involved. Finally, the old trees welcome the new year.

"Without the strong support of the government, the determination of the power to reorganize the hegemony of the French school can not be so great. Without the old employees' persistence, the reorganization process can not be so smooth." Speaking of the two years, the boss of the French school, Peng Xing, was grateful.

The money earned from making shoes can not support the mining industry, but the boss has no choice but to run.

In August 2009, explosive news came out that the first shoe group in Zhejiang and the first "Chinese shoe king" in Wenzhou, the capital chain of the bully group, were broken and the head of Wang Yuejin was in debt.

Although the shoe industry is a group in name, bully has invested heavily in mining in Hezhou, Guangxi, since 2005. Investment in the early stage of mining is quite burning, and making money by making shoes will definitely not be enough for blood transfusion from mining industry.

Wang Yuejin started borrowing money, and at the same time he launched a big booth to invest in new plant building in Wenzhou.

The stretched capital chain finally collapsed.

Wang Yuejin sent a group of people to Hezhou, Guangxi, where Chen Zhongwen was among them. In 2002, Chen Zhongwen, who was only 24 years old, came to bully. Initially, he was the network manager of the company. Because his work was recognized, he was promoted quickly.

Chen Zhongwen always remembers "August 15, 2009". "That day, Wenzhou A friend called and said something happened in Wenzhou. The boss went away. When Chen Zhongwen heard the news, he felt a sudden blow.

Chen Zhongwen sat for two hours in front of the computer. His mind was tossing and turning. It was a question: what did we do when the boss ran away? Finally, he decided: "do not go, stick to it."

The most important "French School" decision: never abandon, never give up.

"What to do?" asked Chen Zhongwen in Hezhou, Guangxi, who is asking Wenzhou thousands of miles away.

The hegemony crisis also stumbled heavily on the French side. 48 million 500 thousand of the debts owed to the bank are guaranteed by the French facto, and many have been sweating by law.

Faced with this blow, Peng Xing, the helm of the French school, forced himself to calm down. He passed through various relations and finally contacted Wang Yuejin and obtained his authorization to deal with all kinds of assets. {page_break}

Initially cleared up, bully's assets are around 90 million yuan. But there are 135 million 300 thousand liabilities, including 114 million 500 thousand yuan in bank debt, about 10000000 in suppliers, and about 10000000 yuan in other private debts.

Give up or support? "Give up, you must lose. Many suppliers, especially small businesses, are likely to be dragged to death. There are hundreds of old employees in the enterprise. If they lose their jobs, can they find jobs at once?" but if they fail, they will lose more in case of failure. Peng Xing was once in a dilemma.

At this time, the relevant departments of the Wenzhou municipal government began to intervene. They hoped that Peng Xing would take over, not only to provide coordination and help, but also to take the "French style reorganization power" as the key reorganization and reorganization project of the whole city.

After careful consideration, Peng Xing decided to restructure his power. This work is two years.

Outside the creditors, the employees were reorganized, though hard but smooth.

Reorganizing, simply speaking, really needs to be done.

The debts of foreign banks should be postponed by Bibi. The debts owed by tens of millions must be paid by one family, and the debts of the private sector will be more troublesome.

Internally, Peng Xing quickly stabilized the mood of the employees, and clearly told everyone that the business would not collapse and the treatment would be unchanged or even better. He knows that only by keeping the company running properly can the situation be controlled.

At that time, Peng said that he was more hardworking than starting a business.

It has been said that in order to restructure and maintain the operation of enterprises, the investment of French schools has even reached 170 million.

After that, the core reorganization of the company was basically settled. The French school became the sole creditor after paying off all the debts of the hegemony, and then became the shareholder of bully through "debt to equity swap".

Now, every company that has previously owned the company is operating normally. A shoe company in the group was later sold to an enterprise in Ruian, while another shoe company managed well under the management of the French school. The mineral business far away in Hezhou, Guangxi, has also been incorporated into the French school. Now it has become an important profit point, and the number of workers has increased from more than 60 at that time to hundreds of people.

Rescue companies' "progressive"

Never abandon, do not auction for re employment

The boss's running is not just in Wenzhou.

Quzhou Qujiang District Shenjia Economic Development Zone, Fenghua wood style factory buildings quiet, occasionally several people come in and out, some are creditors, some are back to see whether the factory has resumed workers.

Because the loan shark was coming home after the loan shark expired, Feng Qinghua, chairman of Fenghua wood industry in Quzhou, was missing in August 9th of this year. 4 days later, he returned to Quzhou with the police. According to the original practice, enterprises are mostly bankrupt auctions, but this time, no matter the creditors or the employees, they are avoiding the most brutal ending in various ways, waiting for restarting one day.

The creditor of the soybean milk shop said that it was too bad for an enterprise to auction.

The direct loan is 6 million 190 thousand of the principal and 7 million of the guarantee. Feng Qinghua, who has been friends for many years, has suffered a great loss in this incident. Feng Qinghua could not have said much more from his disappearance.

Feng Qinghua is a man who does business, nor does he take money to gamble. He has made mistakes in the capital chain and has the relationship with the environment. Since he had borrowed money from him, he believed in him, and now it is difficult for everyone to work hard. {page_break}

"Old ye said.

The 70 year old Chou Chou was also elected representative of the creditor, not because he was able to speak, but because in this incident, Lao Zhou had taken 10 million, which is all the savings in his life.

Lao Zhou is now only guarding a soya bean milk shop. Speaking of Feng Qinghua, Lao Zhou did not complain too much. "Although the court is in bankruptcy proceedings now, in liquidation, banks with loans also advocate land auctions, but we hope that the factory can be restructured and auctioned off."

At the end of the year, the sales season of wood plank industry is booming. Lao ye and Lao Zhou have started to go around to find accountants and salesmen, and everything is ready for resuming work at any time.

A borrower who has borrowed about 7000000 from Feng Qinghua told reporters that Quzhou is not big. We all know how many people are doing things. This year, the whole environment is like this. Enterprises inevitably expose many problems. But such a company is too bad to die. Now everyone's interests are all tied together. We can not blame each other, but we can only face it together.

Hundreds of workers petitioned together: they would rather wait for a job if they pick up their rags.

Jiang Lijun was laid off from Quzhou cotton mill, and then he opened a restaurant and worked everywhere. In 2006, he came to Fenghua wood industry until now. "Help us to seal the total, from the angle of the workers, I hope our boss can get through it safely." Jiang Lijun learned that he was a journalist. The first sentence was that he hoped to help. "The factory is not easy. We just want to follow the boss of a work and do it at ease."

In August 13th, Feng Qinghua returned to Quzhou. When the boss came back, hundreds of employees signed a petition to support the factory resuming work.

"I often go back to the factory and meet some of my workmates." Jiang Lijun said, "we will compare different enterprises, or Fenghua good, you say that the boss and the boss how to workers in every detail, no, but in such a factory, the income can be, we can see that the boss is indeed working hard, our workers are steadfast in their hearts."

"Some people like grass roots stars. We like grass roots bosses. Fenghua wood industry is looking at growing bigger and bigger. We also have feelings. If the boss does not build a factory, do not buy equipment to make new projects, sell the land lightly, and get a lot of money. Now, let's not say the boss, we look at it hurts. Jiang Lijun said.

A couple from Guizhou who worked in Fenghua for more than 5 years just returned to the factory to see the situation. Talking to reporters about the factory, the couple said, "as long as the factory has the hope of resuming work, we prefer to pick up the rubbish and wait. When the boss came to the factory, he told us that the factory would return to work. We believed him. He was a good boss.

Jiang Lijun told reporters that now many workers have left telephone calls, so long as the factory can return to work, they will come back, so long as we work together, this difficulty will pass through.

Reporters get the latest information. At present, the government has begun to think more about it.