It is reported that recently, Henan Province, the old appliance manufacturers Xinfei Electric due to poor management submitted to the government restructuring applications, the verge of collapse.
It is reported that Xinfei Electric is prepared to enter the reorganization by way of obtaining legal protection so that the company can enter a relatively safe operating environment and can focus on the company's strategic design of regeneration.
Xinfei Electric has launched a working group, including managers and representatives of Yongan Shanghai Consulting Co., Ltd. At the same time, it will appoint a supervisor to supervise the reorganization according to the court, which used to be the benchmark for China's home appliance manufacturing industry with a market share of one Up to 20%.