Hong Leong Asia again shot | Xinfei Electric is about to resume production

Production shutdown in March has more than a new fly, will resume production on February 8.

According to "Henan Business Daily" reported that on February 6, Henan Xinfei Electric Co., Ltd. issued an open letter to employees entitled "To all employees, distributors, suppliers and other groups or individuals," the open letter, letter Said that on the afternoon of February 3, 2018, Xinxiang Intermediate People's Court (hereinafter referred to as 'Xinxiang Intermediate People's Court') held a meeting of Henan Xinfei Electric Appliance Co., Ltd., Henan Xinfei Appliance Co., Ltd. and Henan Xinfei Refrigeration Appliance Co., Ltd. 'Xinfei three companies') the second meeting of the Recruiting Investors Recruitment Review Meeting, the meeting decided to confirm the Hong Leong Asia Limited ('Hong Leong Asia') for the formal restructuring of the new investors.

Xinfei was once one of the "Four Golden Flowers" in the refrigerator industry in our country, but in recent years, while industrial transformation and market consumption escalated, Xinfei was desperately falling from the original first-line brand camp and several production suspension crises occurred. In early November of this year, Xinfei three companies announced that due to the face of market competition and decline, the new three companies have sustained losses in the past few years, although foreign shareholders give a lot of money and support, or can not completely restore the face of the market However, under pressure from the capital chain, the Company only ceased its production activities and submitted a reorganization application to Xinxiang Intermediate Court on October 30, 2017. Under the supervision of the court, the company will be reorganized according to law.

At the first creditors' meeting on the merger and reorganization case of the new three companies in January 19 in Xinxiang Intermediate People's Court, according to the data released by Beijing King & Wood Law Firm, which was appointed as the administrator of Xinfei-III Company through open competitive bidding, As of Xinxiang Intermediate People's Court identified the new three mergers and acquisitions case claims deadline January 5, 2018, a total of 823 creditors to declare claims to managers, the amount of 245,354,049.6.91 yuan declared.

The relevant person in charge of King & Wood Law Firm of Beijing said at the first meeting of creditors in the case that the manager will, under the supervision and guidance of the Xinxiang Intermediate Court, step up the process of recruiting reorganized investors and assist them with the help of restructured investors New fly company resume production.At that time, a number of well-known domestic and foreign enterprises have submitted the intention of restructuring investment.

According to an insider, Wanbao, Gree and Omagh have all been in contact with Xinfei, but none of them succeeded. People get news from the new fly, because there is no suitable buyer, Hong Leong Asia had no alternative but to continue injection of funds, so that the new fly to resume production.He expects Hongkong short term will not seek to sell new fly.

In a February 6 open letter, Xinfei said that under the supervision of Xinxiang Intermediate People's Court and the managers of Xinfei Company, the formal restructuring of Xinfei Company's investors will gradually resume production in the near future. Employees will gradually return to work positions, The company's sales, supply, sale and other systems will gradually resume normal operation.

According to the exact news, Xinfei Electric will be held on February 8 commencement ceremony, the official resumption of production.

In the Q & A community Wukong Q & A, a netizen named 'forward in the record' said the new fly was once a brand in Henan and the National Heart, can not disappear empty to leave a sigh. 'New fly ads do well, not as good as New fly refrigerator is good, Mo an eternal song!

2016 GoodChinaBrand | ICP: 12011751 | China Exports