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    East China 5000 People'S Congress Factory Debt Thirty Billion Bankrupt Boss Does Not Run, Staff Did Not Make Trouble!

    2015/9/11 11:04:00 115

    WenzhouClothing IndustryZhuang JiBankruptcyFinancial CrisisElectrical Appliance KingManufacturing Industry

    According to the reporter,

    Wenzhou

    The Municipal Intermediate People's court separately adjudication of the bankruptcy reorganization case of 6 companies of Chuang Ji group.

    As a former star enterprise, Chuang Ji Group

    Garment industry

    The profit declines year by year, to increase the company's profit and expand continuously, and finally is dragged down by the shipping industry, and is deeply involved in the financial crisis and goes bankrupt.

    Chuang Ji group, a senior executive, revealed that the 6 bankruptcy companies of Chuang Ji group were involved in a number of enterprises or caused about 30000000000 bad loans to the banks. But Zheng Yuanzhong, the head of the Chuang Ji group, publicly stated that "no way to run, and money to pay back slowly!" the Group executives talked about the boss's choking, and 5000 employees had never had any trouble.

    It is hard for a worker to work hard, and the boss is not easy.

    The 6 companies of Chuang Ji group were bankrupt and reorganized.

    According to the reporter's report, the Wenzhou intermediate people's court separately adjudication of 6 bankruptcy reorganization cases of Wenzhou Zhuang Ji clothing Sales Co., Ltd., Wenzhou Wenzhou Group Industrial Park Co., Ltd., Zhuang Ji Group Co., Wenzhou Zhuang Ji Real Estate Co., Zhejiang Zhuang Ji Shipping Co., and Wen Zhouyuan East Shipping Co., Ltd.

    The bankruptcy reorganization of the 6 companies of Chuang Ji group means that Chuang Ji has given up saving himself and is unable to return to the sky.

    The profits of the garment industry have been declining year by year, and they have been expanding and sinking into financial crisis.

    Chuang Ji Group 2011

    output value

    Nearly 3 billion yuan, Wenzhou is a pivotal local benchmark private enterprises.

    How did the star enterprise go to this stage? Speaking of the bankruptcy and reorganization of enterprises, Mr. Jin, a senior leader of the Zang Ji group, regretted, "the company has been making clothes for more than 20 years, and originally hoped to do better."

    Zhuang Ji, a former insider of the middle class of the Zhuang Ji group, said: "only one wrong step has been taken."

    2003

    Chuang Ji group is involved in real estate. In cooperation with Hyundai Group, Tianjin invested 100 thousand square meters of Chuang Ji shopping center, which was completed in 2005. By the end of 2006, Chuang Ji Group invested in nonferrous metals industry in Yunnan, and has more than 2000 square kilometers of non-ferrous metal mining rights in Puer City, Yunnan.

    {page_break}

    2006

    Chuang Ji Group set up Zhejiang Chuang Ji Shipping Co., Ltd. in Yueqing, Wenzhou, with a registered capital of 300 million yuan and started construction in 2007.

    But with the advent of the global financial crisis in 2008, shipbuilding industry entered a cold winter.

    But at that time, Chuang Ji group did not reduce capital investment.

    2007

    Chuang Ji Group's profit after tax has reached 120 million yuan, but its profit has decreased by 10 million yuan since then.

    In order to increase company profits, Chuang Ji group began expanding its fronts as early as 2003.

    It had more than 10 subsidiaries.

    This strategy was successful at first.

    But now it seems that the failure was buried in the hot period of expansion.

    2010

    Chuang Ji Group has invested 1 billion yuan.

    Who had thought that the winter of shipbuilding industry was too long? The financial burden of Chuang Ji shipping industry was too heavy. The total amount of arrears was more than 1 billion 700 million yuan, which was deeply in financial crisis and finally dragged down the Chuang Ji group.

    The bank generates about 30000000000 bad debts. The boss does not run. 5000 employees do not make trouble.

    According to a senior manager of Chuang Ji group, in the 6 bankrupt companies, the Chuang Ji Group secured 5 billion loans with the other 5 enterprises, and the 5 enterprises had more mutual insurance relationship with other enterprises, involving loans of banks of RMB 4 billion to 5 billion yuan. There were two dozen enterprises in the 6 enterprises, and the lower ones in the lower house also involved eighty or ninety enterprises, which owed about 30000000000 yuan to bank loans.

    Zheng Yuanzhong, the head of the Chuang Ji group, is the "Electrical Appliance King" in the "eight kings of Wenzhou" in the early days of reform, and the first generation of entrepreneurs since the reform and opening up.

    "The ten major figures of Wenzhou reform and opening up", "the ten big wind and the Zhejiang Merchants", the provincial labor model...

    Zheng Yuanzhong once had numerous auras on his head. In the face of the media interview, the strong man of the enterprise still spoke loudly: "do not run away, repay slowly."

    Another senior group has also sobbed up to express: "Zheng has been working hard for 41 years without gambling or spending money.

    A BMW car has been running for 310 thousand kilometers and is still on.

    In the past 20 years, about 1000000000 Yuan has been paid, and the average annual labor force employment is 20 thousand. "

    It is understood that the 5000 employees of Chuang Ji group have never had any trouble making any claims.

    Nowadays,

    manufacturing industry

    The situation is grim, the factory is bankrupt and bankrupt, and the boss runs away frequently. However, the bankruptcy of Chuang Ji Group has brought us some other positive energy in another way, and is considerate of the difficulties of the boss.


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