The debtor becomes a shareholder, so that the bankruptcy enterprise with liabilities of 550 million yuan "starts to die"

The Yangtze River Daily Da Wuhan client July 21st from bankruptcy liquidation to "death and return to life". In the past two years, the fate of Hubei and Run Coal Sales Co., Ltd. has experienced a "roller coaster" reversal.

On July 21, the company with a liabilities of 550 million yuan held an establishment ceremony again after 19 years.

The second "establishment" ceremony of He Run Coal. Reporter Qin Yan Photo

In 2003, He Run Coal Corporation, which was mainly engaged in coal sales, was established in Hanyang, with a peak revenue of more than 500 million yuan. Since 2016, the company has been unsustainable due to investment mistakes and other reasons.

In March 2019, He Run Coal Company applied for the bankruptcy and liquidation due to the unable to pay the payment, the bank's loan, and the salary of the employee. After being reviewed by the court, it was finally confirmed that the company involved the credit amount of 17 creditors of more than 550 million yuan.

Lu Xiangmin, the new general manager of He Run Coal Corporation, was previously the creditors of the company. He introduced that in the state of bankruptcy and liquidation, the company's assets can only be sold at low prices, and the proportion of ordinary creditors may be less than 15%.

Is it a company that allows the company that does not replace debt or finds a better way for it?

The company's next office real estate and investment in a bank of more than 28 million yuan in a bank in Wuhan have evaluated a total of about 150 million yuan in liquidation. The undertaking judge believes that the company's existing equity and real estate are excellent assets, and their business channels and business capabilities are not bad. If investors are willing to inject capital, there is still hope for activation.

Adhering to the idea of ​​"relieving difficulties and rescue enterprises", the relevant person in charge of Hanyang District found Gurun Shiding Energy (Hubei) Co., Ltd. as a strategic investor in the district.

The opening ceremony. Reporter Qin Yan Photo

In April 2021, He Run Coal began to enter the bankruptcy reorganization process. The reorganization plan required creditors to vote.

The Hanyang District Party Committee and District Government simultaneously launched the "House Linkage" mechanism. The District People's Court led the District Taxation Bureau and the District Finance Bureau and other departments to jointly promote bankruptcy and reorganization. Serve. At the same time, the Hanyang District Optimization of the Business Environment Office is responsible for coordination, organizing dozens of departments in the region to form an enterprise "Gold Man Butler Group" to open a "window" to solve the coordination of multiple units.

After four rounds of negotiations, 80%of the creditors agreed to the "debt -to -equity" plan and changed from creditors to shareholders. On June 10 this year, according to the results of the creditor's voting results, the Hanyang District Court approved the reorganization plan of the coal carbon company. Investors will invest no less than 50 million yuan of reorganization funds to help enterprises restore their operations.

He Zhaohui, Executive General Manager of Guo Run Shiding Energy (Hubei) Co., Ltd., introduced that the reason why they are willing to participate in the reorganization plan of Run Run Coal is because they coincide with He Run Coal Carbon Company in the business sector. It can be made up with channels; on the other hand, after the creditors become shareholders, most of the company's liabilities can be resolved, and bank equity assets can continue to bring benefits. In addition, the commodity markets such as coal are on the rising cycle, and the state of profitability after the restart of the new company is just around the corner. "He Run Coal can reorganize successfully. I really want to thank the 'Gold Man Butler' for the Hanyang District. With this precedent, we have doubled confidence in Wuhan's business environment." He Chaohui said.

(Changjiang Daily reporter Xiao Qingqing Qin Xun intern Feng Jinglin correspondent Yang Qian Zeng Jian Huang Yan)

【Edit: Zheng Xiaoxiao】

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