Chuang Ji Clothing 4 Enterprises Reformed Successfully, "Zhuang Ji" Brand Can Be Retained.

In April 11th, from the intermediate people's Court of Wenzhou, the reorganization plan of 4 enterprises, namely, Chuang Ji Group Co., Ltd., Wenzhou Chuang Ji Group Industrial Park Co., Ltd., Wenzhou Chuang Ji clothing Sales Co., Ltd. and Wenzhou Chuang Ji Garments Co., Ltd., which registered capital totaling more than 200 million yuan, were approved by the court in March 29th, and four companies will be merged and reorganized.

The court recognized 1 billion 501 million yuan of claims.

"Solemn life, auspicious life", Zang Ji group was domestic.

Leading enterprises.

Chuang Ji Group Co., Ltd., Wenzhou Chuang Ji Group Industrial Park Co., Ltd., Wenzhou Chuang Ji clothing Sales Co., Ltd., three are engaged in the related assets of Chuang Ji clothing brand.

However, due to the failure of the three companies to invest abroad, the capital chain broke and plunged into the bank credit crisis.

In February 27, 2015, the Wenzhou intermediate people's court decided to accept the reorganization of the three companies, and appointed Zhejiang Jing Heng law firm and Zhejiang Weing accounting firm limited as co managers.

In January 27, 2016, Wenzhou Chuang Ji Garment Co., Ltd. applied to the court for reorganization and merger, which was accepted the next day.

As of December 15, 2015, a total of 41 creditors have declared their claims, and the total amount of claims has reached 1 billion 992 million yuan. The court has confirmed that the claims amount to 1 billion 501 million yuan, and the total amount of claims still to be further examined and confirmed and pending confirmation is 296 million yuan.

In addition, the amount of employee debt is 813 thousand and 700 yuan.

"Jining Ruyi" purchase all shares with 175 million yuan

Since the debt crisis began in 2012, Chuang Ji garment company has been actively carrying out self rescue work. In August 2013, the group and Jining Ruyi Investment Co., Ltd. (hereinafter referred to as "Jining Ruyi company") reached a cooperation agreement, which was invested by Jining Ruyi company in cash of 100 million yuan and 28 million 316 thousand yuan. The Group invested 490 thousand yuan in cash and invested in trademark, setting up Wenzhou Chuang Ji Garments Co., Ltd. (hereinafter referred to as "clothing company") to reorganize the clothing brand of Zhuang Ji.

According to the cooperation agreement, the group owns 49% of the apparel company, but because the group is not the controlling shareholder of the clothing company, its holding company's 49% stake is uncertain, and the apparel company itself has no land plant, so the manager introduces the reorganization of Zhuang Ji clothing.

Investors are in great trouble.

After many efforts, Jining Ruyi company formally signed up to be willing to reorganize the business and assets of the garment sector, and acquire all the shares of the reorganization company at 175 million yuan to get the control rights of the reorganization company's core assets.

According to the reorganization plan, the debtor's property value can be maintained. The mortgage creditor will quickly realize the creditor's rights. The rate of liquidation of the ordinary creditor's rights will be raised to more than 5% from the bankruptcy liquidation condition to 0.65%, and the distribution of the debtors can be obtained quickly, while the employee's creditor's rights and tax claims will be paid according to the 100% of the liquidation plan, so as to guarantee the Zhuang village.

It can be preserved and developed.