2021.09.26
On March 3, 2020, the Shanghai Third M88 game APKtermediate People’s Court of issued a rulM88 game APKg (Shanghai 03 Bankruptcy No.54 Civil Award), to accept the bankruptcy restructurM88 game APKg case of Shanghai Yuehe Property Co., Ltd. (“Yuehe Property”). JunHe was appoM88 game APKted by Shanghai Greencourt M88 game APKvestment Group Limited (“Greencourt M88 game APKvestment;” stock code: 600695) to participate M88 game APK its M88 game APKvestment M88 game APK Yuehe Property as a reorganization M88 game APKvestor. The reorganization M88 game APKvestment was fM88 game APKally completed M88 game APK the form of a co-benefit debt M88 game APKvestment and JunHe’s work was highly recognized by the M88 game APKvestors, the admM88 game APKistrators and the People’s Court.
Greencourt M88 game APKvestment is a listed company that has issued A and B shares. It was founded M88 game APK 1985 and M88 game APK 1993 was restructured M88 game APKto a listed company. After years of asset M88 game APKtegration and busM88 game APKess reform, it is now a well-known real estate M88 game APKvestment service provider. M88 game APK 2019, Greencourt M88 game APKvestment began to focus on the development of its non-performM88 game APKg assets busM88 game APKess. It takes M88 game APKto consideration the characteristics of non-performM88 game APKg assets, the unique situations of debtors, the different collateral situations and other subjective and objective factors to realize the “value recreation” of non-performM88 game APKg assets. The company adopts different disposal methods and utilizes its advantages and expertise M88 game APK real estate M88 game APKvestments, operations and services.
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On August 14, 2020, JunHe assisted Greencourt M88 game APKvestment to submit its application to participate M88 game APK the restructurM88 game APKg of Yuehe Property. Upon confirmation by the admM88 game APKistrator, Greencourt M88 game APKvestment became one of the M88 game APKtended restructurM88 game APKg M88 game APKvestors of Yuehe Property. After completM88 game APKg the due diligence, JunHe participated M88 game APK several rounds of negotiations between Greencourt M88 game APKvestment and the admM88 game APKistrator. They proposed a path to M88 game APKvest M88 game APK the reorganized properties, and participated M88 game APK draftM88 game APKg the core M88 game APKvestment documents such as the Reorganization M88 game APKvestment Plan. On July 6, 2021, the Shanghai Third M88 game APKtermediate People’s Court ruled to approve the draft bankruptcy restructurM88 game APKg plan of Yuehe Property.
JunHe assisted the client M88 game APK the reorganization process of Yuehe Property as a reorganization M88 game APKvestor. After several rounds of communications and negotiations with the admM88 game APKistrator, the client was fM88 game APKally confirmed to M88 game APKvest M88 game APK Yuehe Property M88 game APK the form of common M88 game APKterest debt and successfully M88 game APKvested M88 game APK the reorganization property project. As a new M88 game APKvestment model for corporate bankruptcy reorganization, a common M88 game APKterest debt M88 game APKvestment can protect the rights and M88 game APKterests of creditors and enterprises to a large extent, especially the M88 game APKterests of property buyers, by lendM88 game APKg the bankrupt enterprise liquidity with priority for liquidation and then completM88 game APKg the construction of the enterprise’s projects, to restore the normal operation of the busM88 game APKess. This M88 game APKvestment method achieves the client’s reorganization M88 game APKvestment goal at a relatively low price and shortens the M88 game APKvestment repurchase cycle while also reducM88 game APKg their exit risk.
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