Guangxi nonferrous metals group broke into the inter-bank bond issuers first ca1871

Guangxi Nonferrous Metals Group into bankruptcy first Chinese securities network issued interbank bond market (reporter Jin Jiajie) reporter was informed that in September 20th, the the Guangxi Zhuang Autonomous Region intermediate people’s Court of Nanning city before the date of announcement announcement, Guangxi Nonferrous Metals Group Co. bankruptcy. After six months of restructuring efforts, Guangxi Nonferrous Metals Group or into bankruptcy liquidation, the inter-bank bond issuers in the market the first bankruptcy liquidation enterprise. Announcements, due to Guangxi nonferrous metals and management to the people’s court within six months from the date of the draft reorganization plan since reforming, yet to apply for an extension, the the Guangxi Zhuang Autonomous Region intermediate people’s Court of Nanning city in September 12th the end of Guangxi nonferrous metals company declared bankruptcy and reorganization proceedings. Guangxi Nonferrous Metals Group’s bankruptcy crisis began last year, bond payment risk. June 5, 2015, the company announced that the company due to huge losses, is about to expire in June 13, 2015 to honor the votes in the 12 GUI colored MTN1 payment uncertainty. It is reported that after the bill was paid. After that, in November 5, 2015 and in February 27, 2016 due to honor the non-public offering of debt financing instruments 14 GUI colored PPN003 and 13 GUI colored PPN001 ultimately failed to honor. December 18, 2015, Guangxi nonferrous metals submitted to the Nanning intermediate people’s court for bankruptcy reorganization, on the grounds that the debt can not be liquidated and the company’s assets are insufficient to pay off all debts. In February 22, 2016, Guangxi nonferrous metals in the Shanghai clearing house’s announcement, said the company is insolvent due to consecutive losses, the basic production and management to a halt and facing several lawsuits, by a number of financial institutions for the preservation or freezing and main assets. According to the new financial reports, bankruptcy reorganization audit inventory, the total amount of Guangxi nonferrous metals decreased to 4 billion 286 million yuan, total liabilities increased to $9 billion 290 million, the owner’s equity -50.05 billion yuan, asset liability ratio as high as 216.77%. Before the audit, asset liability ratio was 121.04%. [reports] total debt over 20 billion and 13 Guangxi nonferrous billion notes pay to keep the uncertainty of Guangxi nonferrous metals: 500 million PPN fails to reproduce default payment of Guangxi Nonferrous Metals Group’s former chairman Li Yangtong was expelled from the Guangxi Nonferrous Metals Group Co., former deputy general manager Li Fu was expelled from the screen相关的主题文章:

« »

Comments closed.