A Cement Enterprise in Jiangsu Recruits Restructuring Investors

2024-08-08 10:16:57

The announcement said that on July 31, 2024, the People's Court of Lianyungang District decided to restructure Lianyungang Banqiao Zhonglian Cement Co., Ltd. from July 31, 2024.

Recently , "Lianyungang Banqiao Zhonglian Cement Co., Ltd. Manager Recruitment and Reorganization Investor Announcement" was issued.

The announcement said that on July 31, 2024, the People's Court of Lianyungang District decided to restructure Lianyungang Banqiao Zhonglian Cement Co., Ltd. from July 31, 2024.

In order to safeguard the legitimate rights and interests of all creditors, revitalize the assets of Banqiao Zhonglian Company, enhance the reorganization value of Banqiao Zhonglian Company, and realize the optimal allocation and integration of resources; To promote and ensure the success of the reorganization of Banqiao Zhonglian Company, the administrator introduced the reorganization investors to the society in an open, fair and just manner in accordance with the Enterprise Bankruptcy Law of the People's Republic of China and relevant provisions. According to the screenshot

of the

announcement, Lianyungang Banqiao Zhonglian Cement Co., Ltd. (Formerly known as Lianyungang Huayi New Building Materials Co., Ltd.) Was established on September 25, 2008, located in Banqiao Industrial Park, Lianyungang City, with limited liability company of enterprise type, cement manufacturing industry, legal representative Wang Yanhua, Lianyungang City. Chairman. The

registered capital of the Company is CNY 43 million; the subscribed capital contribution of shareholder Wang Yanhua is CNY 34.4 million, accounting for 80% of the registered capital; the subscribed capital contribution of shareholder China United Cement Corporation is CNY 8.6 million, accounting for 20% of the registered capital; the subscribed capital contributions of two shareholders have been paid in.

As of the date of this recruitment announcement, a total of 29 creditors have declared their claims to the administrator, with a total amount of 161,114,185.55 yuan. After examination by the administrator, the creditor's rights of 148.575.433.41 yuan were preliminarily approved. The result of the examination of creditor's rights shall be confirmed by the final ruling of the court.

Major assets

1. Land: two parcels of land located at the southeast side of Zongsi Road, Banqiao Industrial Park, Lianyun District, with an area of 6,277.2 square meters and an area of 53335.9 square meters respectively, both of which are industrial land and have been registered for land use. The land certificate numbers are Lian Guo Yong (2015) No. LY002402 and Lian Guo Yong (2011) No. LY002164.

2. Houses and structures: office buildings, laboratories, dormitories, canteens, machine rooms, workshops, etc., with a 11638 of about 63 square meters, located on the above land, which have not been registered for real estate; structures include roads, terraces, fences, trestles, outdoor fire control, water supply pipe network, drainage ditches, etc.

31 million tons of cement production lines and other machinery and equipment, power transformation and distribution facilities and supporting auxiliary equipment.

Lianyun District Court entrusted the above assets to be appraised in April 2023, and the appraisal price of the assets was 89290190 yuan.

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Correlation

Recently, due to the persistent cost pressure in the south, the price of concrete has risen slightly with the raw materials, but the growth of market demand is limited, and the overall quotation is still stable. From October 31 to November 6, the national concrete price index closed at 112.47 points, up 0.31% annually and down 10.11% year-on-year.