subject: Prince Milk Bankruptcy And Reorganization Purposes Of Pure Self- Restructuring Of Insider Lee Trappe [print this page] Why bankruptcy reorganization a year deadline dragged ?
Let people see the way Lee pure " true colors " How long ?
Lee way pure suspected "illegal fund-raising " is " open secret " way of Zhuzhou municipal government of pure Li is " arbitrary "or" Shichuyouming "?
Recently , "China Economic Weekly "reporter again visited the Prince of milk and milk depth dialogue with the reorganization of government representatives Prince Edward text Dibo .
Enterprise development to a certain stage , it exposed the problem , not simply a matter of the enterprise itself . Second half of 2008 , known as China's largest dairy lactic acid bacteriaBeveragesCompany - Hunan Prince Milk Group (the " Prince of milk ") funds strand breaks , tens of thousands of creditors, employees and their families to extreme means ( Dulu , blocking the bridge , blocking the door the government ) to aspects of Zhuzhou municipal government " Seek explanation . "
After the event , a Zhuzhou municipal government led by the "Save the Prince milk " action to begin. Year and a half later, on July 23 this year , subject to Prince milk into bankruptcy reorganization process, company founder Lee detained and was subsequently a pure way , leaving a boo , voices of doubt , sound debt collection .
Lee pure self- re- settlement purposes , " dead end "
" July start , completed one year out . " milk of the bankruptcy reorganization on Prince , June 27, 2009 , Zhuzhou municipal government set up special companies to save the Prince of milk - Zhuzhou Hi-Tech Dairy Management Limited ( Said , " Hi-Tech Dairy ") , chairman of Man Dibo had "China Economic Weekly "reporter clear .
But the year 's deadline has been postponed repeatedly . In fact, the Prince of milk bankruptcy reorganization since the beginning was pure Li way strong opposition . Lee pressed for the purposes of pure "self- restructuring ", that is financing his own (or investors) , self- liquidate .
July 10, 2009 , Prince milk shareholders held in Shenzhen , Lee once again to ensure their own pure way to attract investment 300 million yuan . Zhuzhou City leaders agreed on the main purposes of pure self- Lee 's request be introduced . However, the time in the past two months , Lee way of pure nothing .
October 10, 2009 , Zhuzhou municipal government held a meeting , subject to listen to the way Lee pure " self- restructuring , " the report and the text Dibo "bankruptcy reorganization , " the report .
The meeting , " balance " again tend to the " self- restructuring . " For safety reasons, Zhuzhou municipal government sent out text Dibo Merchants and others to help promote self- reorganization of pure Li purposes .
Zhuzhou business leader , former general manager of CSR Times Group, Liao Bin, following the resignation of Prince milk employed as consultants . He has "self- restructuring , " did a " debt restructuring , asset disposition and equity restructuring , " the three-step program . Liu Bin said , " If the successful introduction of strategic investors , debt settlement , Prince milk ratio can reach 60% to 70 %; who choose bankruptcy , liquidation rate is only ten per cent . "
The introduction of strategic investors , Lee hired the Founder Group, pure way , the text is to discuss DiboNew HopeGroup, Liao Bin, You also introduced AustralianDairy, Seven , eight companies shortlisted . In the comprehensive assessment, the Founder Group, Zhuzhou area as the preferred ( and another one in Zhuzhou allegedly Founder total investment of about 200 billion plan ) , options were excellent Dairy Australia , New Hope Group , Softbank China .
In early December 2009 , Prince milk and Founder Group on the agreement , refused to sign Lee pure way . " Founder of milk called for liquidation of Prince Edward , Founder can not take over an ' nobody knows '. " One participant quoted officials as saying Lee pure way , " Now I know , either I or the Government to introduce strategic investors, Prince milk will be required liquidation . "
Prince of milk into a self- reorganization , " dead end . "
"Why Lee way Junichi hear the ' liquidation ' he anxious ? " It is close to the Lee way pure sources, Lee way pure has repeatedly said that equity can be free of charge transferred to the Government, but he needs a paper promise , promise equity transfer , the making of a A break , that the next Prince of milk regardless of the economic , criminal responsibility, he no longer bear , "This commitment would dare to ? (if any) how to do black hole ? "
December 16, 2009 , Lee pure way leading to the main set of Zhuzhou City, " military order ": within 5 working days , in place of 30 million yuanRaw materials. But five days after the " military order " greatly reduced , only cash 12 million yuan of milk andPackagePolyethylene .
Turning around, six months in the past , Zhuzhou City area fly it through the Hi-Tech Dairy milk more than 100 million yuan , Prince of state assets as " Caesar pepper side " as sink into the sea ; to " operating lease " Prince milk quality assets and profits to help its debt The Hi-Tech Dairy "Firewall "is the breakdown in the bank account was closed down 6 ; has signed with Prince milk to "gamble" the agreement of the three major investment banks in Beijing and the Cayman milk two lawsuits brought online on the Prince ; increasingly More and more lawsuits and creditors continue to petitions again ... ... Lee 's attitude and way of pure milk of the legacy of Prince Edward , is a step by step approach of Zhuzhou municipal government 's bottom line.
