Men'S Brand, The Grand Plan Of Restructuring, Should Be Enlarged.

The Limited by Share Ltd is headquartered in the Quanzhou economic and Technological Development Zone, and was founded by Ding Hui and Ding Canyang in 2004.

The company initially engaged in clothing production and sales, then pformed into clothing retail, and then launched the concept of "parity fashion".

In January 2014, he listed on the main board of the stock exchange of Hongkong and became the first "fast fashion" brand to be listed on the main board of Hong Kong stock exchange.

In July of the same year, Ding Hui and his wife lost contact with the company, and the debt crisis was surfaced.

In February last year, the creditor Shishi rodas garment craft co., Ltd. proposed to Quanzhou intermediate people's court to apply for bankruptcy reorganization of the odd group.

In June of that year, the Quanzhou intermediate people's court held the first meeting of creditors in the reorganization of the court and accepted the creditor's claims.

"As a listed company of H-share, which is governed by the rules of the Hongkong stock exchange, it has a higher degree of complexity, more professionalism and higher cost of resumption. Therefore, at the beginning of the trial, the most difficult thing is the recruitment of the restructured party."

Zhang Xiaoyan, a judge of the collegiate bench of the intermediate people's court, told reporters that the parties concerned had talked with more than 20 investors and failed to reach a consensus.

Finally, after many coordination, Rome Shijia (Tianjin) clothing and clothing Sales Co., Ltd. signed a restructuring agreement with Nash group, agreed to pay the reorganization fee and common interest debt, pay the debt according to the debt repayment rate stipulated in the reorganization plan, and provide the company's operating capital according to the subsequent operation plan, while being responsible for NASH.

Work to undertake the full cost of resumption.

In December 17th last year, Quanzhou's Limited by Share Ltd announced the announcement: Rome Shijia (Tianjin) clothing and apparel sales Co., Ltd. invested 153 million yuan in the loan to Nash, earning 51% of its main operating assets and the total issued share capital.

Statistics show that 99% of the shares of Rome Shijia (Tianjin) clothing and clothing Sales Co., Ltd. are owned by Rome Shijia dress and adornment (Beijing) Co., Ltd., the latter is a Hong Kong funded enterprise registered in Beijing, which mainly produces and sells men's clothing.

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The stock reorganization case is the first bankruptcy reorganization case accepted by our city since the implementation of the new enterprise bankruptcy law, and it is also a rare case of the reorganization of H-share listed companies in China, and there is no precedent in our province.

Zhang Xiaoyan said that the hospital first started from safeguarding the interests of the vast majority of creditors, taking into account that the reorganization plan involves the adjustment of investor rights and interests, and whether the pfer of shares can be successfully pferred is very important. Therefore, the non overseas listed shares held by 13 Investors of the company are frozen.

After the reorganization is successful, the value of the 72 million 720 thousand yuan cash and the outstanding stock will be used to pay the wages, wages and taxes of the employees, and the rest will be apportion proportionately to the ordinary creditors.

The draft of the reorganization plan has determined the rights and interests adjustment plan of Ding Hui's free pfer of all the shares held, and other domestic share holders' free pfer of 85% of the shares held.

At the second creditors' meeting and the investor group meeting, all the voting groups voted for the draft reorganization plan.

In February this year, the court ruled that the reorganization plan was approved.