Sheng Yu Home Textile Group Started Restructuring Yesterday

Yesterday, Sheng Yu home textiles Group assets reorganization start conference was held in Harbour Building, Wenzhou. "Introducing investors through asset restructuring. "Business is back on the road of development!" at 11:11 yesterday morning, Sheng Yu Group chairman had taught to update his WeChat circle of friends, which means that Sheng Yu Group formally embarked on the restructuring path because of its debt problem.

　　 Recombination Zhou Dewen, President of the Wenzhou SME Development Association, chaired the conference. "Restructuring ideas are mainly divided into three parts: bonds, property rights reorganization and introduction of strategic investors." Zhou Dewen told reporters that the restructuring plan is still in development, and has carried out asset assessment and debt investigation for Sheng Yu group. At the launch meeting, Shanghai extraordinary Road Investment Development Co., Ltd. and Sheng Yu Home Textile Group reached a consensus on debt restructuring and asset reorganization, and fully involved in the reorganization work. It is understood that Shanghai extraordinary Road Investment Development Co., Ltd. is a responsible for debt restructuring strategic design of professional consulting companies.

Yesterday afternoon, the two companies in Hubei and Chibi were investigated and assessed on assets and liabilities of the former Sheng and Yu Fang Home Textile Group in Chibi city. In a telephone interview with reporters, he said: "at the moment, funds are not yet in place, everything is just beginning to do. When things are done, there is good news to share with you. Others do not want to say more.

　　 establish Sheng Yu home textiles in 1996 is one of the leading enterprises in Wenzhou's home textile industry, and was recognized as China's well-known trademark in 2010. Last year, there were four rumors about "Sheng Yu's home textile capital chain breaking and the family's desire to run away". In an interview with Zhejiang daily, he told reporters that the reason why the capital chain was difficult was partly because of the mistake of committing the short run and long jump, and on the one hand it was involved in the guarantee behavior.