Xinfei used to be one of the oldest refrigerator brands in China. The phrase "Xinfei Advertising is better than Xinfei Refrigerator" is impressive in a generation.
However, after the suspension of production and resumption of production, the new flight of Hong Leong Asia did not find the feeling of the year, but bankruptcy and liquidation.
In the Ali Judicial Auction, on May 29th and June 5th, 100% equity of Xinfei Electric/Refrigeration/Home Appliances Co., Ltd. and some land of Xinfei Headquarters were put on the shelves. The starting price was 450 million and 115 million respectively, and the markup rate was 500. Million.
In the simultaneous ruling on the approval of the reorganization plan of Xinfei Company, Xinfei said, “Because the capital chain is broken, the debts due cannot be settled, and the assets are insufficient to pay off all debts, Xinfei Company will be 10 in 2017. Apply for reorganization to Xinxiang Intermediate People's Court on the 30th of the month."
According to the "Decision Book", Hong Leong Asia was originally a Xinfei reorganization investor, but after paying a deposit of 50 million yuan, it failed to enter into a reorganization agreement and fulfilled its promise. It issued a notice on the Singapore Stock Exchange on April 3 from a new flight. Divestment.
It is reported that Xinfei Bankruptcy and Reorganization will clear all employees, and it is estimated that the compensation will be about 158 ​​million yuan. The total amount of claims reported will exceed 2.5 billion, while the total assets of Xinfei Book will be less than 1.1 billion.
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