Good news: the reorganization plan of China Nonferrous Metals (Shenyang) Metallu

Release Time:：2021-09-02    Source：    Author：Tongfang law firm On September 1, 2021, the people's Court of Tiexi District of Shenyang City ruled to approve the restructuring plan of China Nonferrous Metals (Shenyang) Metallurgical Machinery Co., Ltd., and the restructuring procedure of Shenyang Metallurgical Machinery Co., Ltd. was terminated. So far, the judicial reorganization of Shenyang Metallurgical Machinery undertaken by Liaoning Tongfang law firm as the manager has made key progress, and the reorganization plan has entered the implementation stage.
Shenyang Metallurgical Machinery Co., Ltd. is a large-scale industrial enterprise with more than 5000 employees and more than 600 creditors. The total amount of creditor's rights exceeds 3.3 billion yuan. The problems left over by history are complex, the social instability factors are prominent, and the restructuring is difficult. In this reorganization, Tongfang faithfully and diligently performed its duties, innovated the transaction structure, balanced various rights and interests, introduced investment empowerment, improved the repayment of creditor's rights, and reshaped the interest pattern of incentive integration and win-win coexistence among creditors, debtors, investors and society. This case is led by Qinhuangdao Qinye Heavy Industry Co., Ltd., a well-known enterprise in the machinery manufacturing industry, and with Beijing Jianlong Heavy Industry Group Co., Ltd. (ranked 431 among the Fortune Global 500 in 2021) and Shenyang Zhongchen Steel Structure Engineering Co., Ltd. (a leading enterprise in Northeast modern construction) as restructuring investors to re assemble the original production factors, aiming to create an invisible champion enterprise of "single piece small batch discrete heavy manufacturing".
For a long time, Tongfang has actively integrated the logic of the market, the power of capital, the care of the law, the feelings of humanity and the wisdom of business. Together with the legal professional community, Tongfang has assisted the revitalization of the northeast with specific cases.