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Wear AOKANG Shoes &Nbsp; Xintai Takes The Lead In Restructuring.

2011/10/14 9:15:00 61

Leather Shoes AOKANG China Shoes Capital

October 13, 2011, Wenzhou, China

Shoes capital

The buildings in the factory area of Zheng Li Li have been affixed with seals and locked.

To this day, Hu Fulin, chairman of Xintai group, who has returned to Wenzhou for 3 days, still maintains a state of seclusion. However, the debt restructuring of Xintai group is in full swing.

The head of the Wenzhou Federation of industry and commerce, chairman of AOKANG group Wang Zhentao, will take the lead in the debt restructuring of Xintai group. The Xintai group has also become the fastest growing group of entrepreneurs in Wenzhou. The final result will obviously be of reference to other enterprises' restructuring.

The official said that since the announcement of reorganization, the relevant departments of the Wenzhou government and the Federation of industry and Commerce have taken the lead in linking Wenzhou's powerful enterprises and enterprises related to Xintai's main business.

From the perspective of the role played by the Federation of industry and commerce, Wang Zhentao's duty to save Xintai is unshirkable.

One of the difficulties that may arise in the restructuring process is the total liabilities of Xintai.

He said.

According to Hu Fulin, the current debt is actually only tens of millions of yuan, which is due to repay the bank immediately. However, the renewal process of the bank loan needs to be examined and approved.

At present, the liability limit of Xintai group is limited.

market

There are two versions in the mainstream: first, the liability of Xintai group is about 2 billion yuan, and there are tens of millions of dollars in bank interest and usury interest each month.

The two is the so-called "trust and accounting firm initial assets liquidation" results show that Xintai total liabilities of about 1 billion 300 million yuan, including mainly usurious loans 300 million to 400 million yuan, supplier liabilities of about 60 million yuan, the remaining 800 million to 900 million yuan is bank loans.

Fortunately, Xintai's assets in the solar energy sector are still relatively good.

Order

It has been signed until next year. At present, we only hope to start work as soon as possible.

However, Jiangnan leather factory and other bosses "run" and difficult to maintain the operation of the enterprise, the situation is far less than Xintai.

According to the press survey, Jiangnan leather will enter the bankruptcy proceedings in the near future, including the sale of raw materials, products, creditor registration and compensation, and workers' compensation.