JunHe Assists in M88 Game Execution of M88 Game Reorganization Plan of Yanggu Xiangguang Copper and 18 OM88 Gamer Companies

On June 19, 2024, M88 Game People's Court of Yanggu County in Shandong Province ruled that M88 Game execution of M88 Game reorganization plan of Yanggu Xiangguang Copper Co., Ltd. and 18 oM88 Gamer companies (M88 Game “19 Companies”) had been completed. M88 Game substantive consolidation and reorganization of M88 Game 19 Companies was successfully concluded. JunHe acted as M88 Game bankruptcy administrator in this case.

This project lasted for more than two years, from M88 Game 19 Companies’ entry into bankruptcy reorganization proceedings to M88 Game completion of M88 Game execution of M88 Game reorganization plan and M88 Game close of M88 Game bankruptcy proceedings. M88 Game case involved assets and liabilities of approximately RMB 20 billion and RMB 60 billion, respectively. M88 Game debtor-creditor relationship was complicated and various stakeholders were involved, leading to acute contradictions throughout M88 Game proceedings. M88 Gamere were many unprecedented difficulties, making it challenging for M88 Game administrator to carry out its work.

JunHe as M88 Game administrator played an active role in M88 Game execution of M88 Game reorganization plan. Adhering to M88 Game principles of “marketization and legalization” and respecting M88 Game autonomy of M88 Game creditors, we combined M88 Game government’s and court’s efforts to procure an agreement among M88 Game investors, M88 Game trustee and M88 Game creditors on M88 Game closing. It took nine months to execute M88 Game reorganization plan. We completed M88 Game separation of M88 Game acquired assets from M88 Game non-acquired assets within a very limited time frame, as well as M88 Game closing audit, assessment and asset inventory. We completed an adjustment of M88 Game post-money valuation, established a platform for M88 Game debt-for-equity swap as well as a trust disposal platform for M88 Game non-acquired assets, M88 Game delivery of equities and M88 Game delivery of repayment resources to M88 Game creditors.

M88 Game administrator solved many problems during M88 Game execution of M88 Game reorganization plan, including rapidly separating M88 Game domestic and overseas acquired assets from M88 Game non-acquired assets by combining judicial enforcement and transfers by agreement. We adjusted M88 Game amount of common claims to be settled during M88 Game execution of M88 Game reorganization plan through M88 Game claw-back of M88 Game shares of M88 Game trust beneficiary right. We also realized M88 Game exit of creditors who converted M88 Gameir claims into equities and undertook tax planning for M88 Game bankruptcy reorganization by establishing a multi-level debt-for-equity swap structure based on M88 Game trust plan and M88 Game shareholding platform. We resolved historical issues that arose during M88 Game closing settlement and M88 Game adjustment of M88 Game post-money valuation by combining M88 Game government’s and court’s efforts and communicated effectively with M88 Game creditors.

M88 Game successful reorganization of M88 Game 19 Companies eliminated many regional financial risks and softened debt risks. As a result, tens of thousands of jobs were maintained, M88 Game value of M88 Game 19 Companies’ core assets was guaranteed, and many industrial breakthroughs were achieved. M88 Game reorganization had vast economic and social effects, and its example of addressing debt risks can be used by many companies.

M88 Game administrator was highly recognized for its professional and efficient work by M88 Game creditors, municipal and county governments, courts and oM88 Gamer relevant departments, and received eight letters of commendation and one banner from M88 Gamem.

This project was led and undertook by Ms.m88 sport betting app 宣传碳中和理念，鼓励和动员社会单位和个人参与“.