Recently, the Intermediate People's Court of Shaoguan City, Guangdong Province, issued a notice on inviting social intermediaries to compete for the appointment of professional instructors of the bankruptcy front-end service center.
In accordance with the provisions of the Enterprise Bankruptcy Law of the People's Republic of China, and with reference to the Provisions of the Supreme People's Court on the Appointment of Administrators in the Trial of Enterprise Bankruptcy Cases and the Provisions of the Shaoguan Intermediate People's Court on the Competitive Selection of Administrators in Bankruptcy Cases (Trial Implementation), The court decided to select the professional instructor of the bankruptcy front-end service center of Nanxiong Tongzhifu Cement Building Materials Investment Co., Ltd. by means of competition. If the bankruptcy application is finally accepted according to law, and the creditor and debtor have not raised any objection and have not performed their duties improperly, the professional instructor of the bankruptcy front-end service center shall act as the bankruptcy administrator. According to
public information, Nanxiong Tongzhifu Cement Building Materials Investment Co., Ltd. was established on December 28, 2009 with a registered capital of 25.2 million yuan. Its business scope is cement production and sales, as well as limestone mining and gravel operation for cement (limited to branch operation). The company has a 5000 t/d clinker production line, which was ignited and put into operation on December 28, 2016.
In addition, in November 2019, the company invested 70 million yuan to build an advanced cement grinding production line and put it into operation, with an estimated annual output of 2 million tons of cement.
Extended reading: What is the professional instructor of the bankruptcy front-end service center? The professional instructor of the
bankruptcy front-end service center refers to the law firm, accounting firm and other social intermediaries selected by the court before the formal filing of the enterprise bankruptcy case.
Its duty is to provide legal consultation, enterprise status analysis, bankruptcy procedure guidance and other services for distressed enterprises before filing a case, to help identify whether the enterprise has bankruptcy conditions, whether it has rescue value, to guide self-help enterprises to carry out out-of-court restructuring, and to achieve front-end dispute resolution.
If the case eventually enters bankruptcy proceedings without objection, the professional instructor usually becomes a formal bankruptcy administrator directly.
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