The Largest Private Financing Case In Wenzhou: The Number Of Creditors Has Increased To 4620.
Wenzhou has the largest amount.
Private financing case
The 2 billion 200 million debt restructuring case of Wenzhou Liren Education Group Limited has made the latest progress.
The group made another announcement on 14 th, saying that 4620 people signed it.
Reorganization agreement
The intention relates to the amount of 1 billion 620 million, and the deadline for signing the agreement is extended for a week to November 22nd.
Why did creditors increase from about 1000 to 4620? For this reason, Lei Xiao Cao, director of founding group, explained that some of them were direct.
Claims
The amount of money involved is relatively large, "their receipts tend to decompose more families, so the number of people will increase."
The notice also pointed out that "after the request of the group, the county government has set up a helping working group to supervise, guide and assist the reorganization of the assets of the group."
Lei Xiao Cao said that the group will send staff to all parts of the country immediately to verify the assets of the group so as to determine the group's total assets.
Amount
"There will be accompanied by government staff supervision."
Li Ren group has kindergartens in Beijing, Hangzhou and Dalian, and has invested in coal mines in Guizhou and Inner Mongolia. It has invested exclusively in Huaian International Mall and has a 20% stake in Shanghai Italy Real Estate Co., Ltd.
A government official revealed that on the basis of the original 5 working groups, the government has set up 3 working groups, namely, the comprehensive group, the liaison group of the surrounding counties and cities and the asset inspection group.
In November 2nd, the Taishun county government has set up 5 groups, such as liaison steering group, school order maintenance group, social order maintenance group, public opinion response group, letters and visits reception group, and so on.
When asked why the number of creditors increased to 4620, the government said it did not know: "it is estimated that more families are involved."
The person also confirmed that the asset inspection group would accompany the group staff to check the assets of the assets and supervise the government staff.
"At that time, we will announce how much debt the group has owed and how much assets it has.
If assets exceed debt, creditors will be more secure. "
The source further said.
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