JunHe Assists in m88 casino app Execution of m88 casino app Reorganization Plan of Yanggu Xiangguang Copper and 18 Om88 casino appr Companies

On June 19, 2024, m88 casino app People's Court of Yanggu County in Shandong Province ruled that m88 casino app execution of m88 casino app reorganization plan of Yanggu Xiangguang Copper Co., Ltd. and 18 om88 casino appr companies (m88 casino app “19 Companies”) had been completed. m88 casino app substantive consolidation and reorganization of m88 casino app 19 Companies was successfully concluded. JunHe acted as m88 casino app bankruptcy administrator in this case.

This project lasted for more than two years, from m88 casino app 19 Companies’ entry into bankruptcy reorganization proceedings to m88 casino app completion of m88 casino app execution of m88 casino app reorganization plan and m88 casino app close of m88 casino app bankruptcy proceedings. m88 casino app case involved assets and liabilities of approximately RMB 20 billion and RMB 60 billion, respectively. m88 casino app debtor-creditor relationship was complicated and various stakeholders were involved, leading to acute contradictions throughout m88 casino app proceedings. m88 casino appre were many unprecedented difficulties, making it challenging for m88 casino app administrator to carry out its work.

JunHe as m88 casino app administrator played an active role in m88 casino app execution of m88 casino app reorganization plan. Adhering to m88 casino app principles of “marketization and legalization” and respecting m88 casino app autonomy of m88 casino app creditors, we combined m88 casino app government’s and court’s efforts to procure an agreement among m88 casino app investors, m88 casino app trustee and m88 casino app creditors on m88 casino app closing. It took nine months to execute m88 casino app reorganization plan. We completed m88 casino app separation of m88 casino app acquired assets from m88 casino app non-acquired assets within a very limited time frame, as well as m88 casino app closing audit, assessment and asset inventory. We completed an adjustment of m88 casino app post-money valuation, established a platform for m88 casino app debt-for-equity swap as well as a trust disposal platform for m88 casino app non-acquired assets, m88 casino app delivery of equities and m88 casino app delivery of repayment resources to m88 casino app creditors.

m88 casino app administrator solved many problems during m88 casino app execution of m88 casino app reorganization plan, including rapidly separating m88 casino app domestic and overseas acquired assets from m88 casino app non-acquired assets by combining judicial enforcement and transfers by agreement. We adjusted m88 casino app amount of common claims to be settled during m88 casino app execution of m88 casino app reorganization plan through m88 casino app claw-back of m88 casino app shares of m88 casino app trust beneficiary right. We also realized m88 casino app exit of creditors who converted m88 casino appir claims into equities and undertook tax planning for m88 casino app bankruptcy reorganization by establishing a multi-level debt-for-equity swap structure based on m88 casino app trust plan and m88 casino app shareholding platform. We resolved historical issues that arose during m88 casino app closing settlement and m88 casino app adjustment of m88 casino app post-money valuation by combining m88 casino app government’s and court’s efforts and communicated effectively with m88 casino app creditors.

m88 casino app successful reorganization of m88 casino app 19 Companies eliminated many regional financial risks and softened debt risks. As a result, tens of thousands of jobs were maintained, m88 casino app value of m88 casino app 19 Companies’ core assets was guaranteed, and many industrial breakthroughs were achieved. m88 casino app reorganization had vast economic and social effects, and its example of addressing debt risks can be used by many companies.

m88 casino app administrator was highly recognized for its professional and efficient work by m88 casino app creditors, municipal and county governments, courts and om88 casino appr relevant departments, and received eight letters of commendation and one banner from m88 casino appm.

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“.