Xinfei was once one of the oldest refrigerator brands in China. The phrase 'New flight advertising is better than new flying refrigerators' is impressive in a generation.
However, after experiencing the turmoil in the resumption of production, the new fly of the Hong Leong Asia trader did not regain the feeling of the year but went bankrupt.
In Ali Judicial Auctions, on May 29th and June 5th, 100% equity of Xinfei Electrical Appliances Co., Ltd. and Refrigeration/Household Appliances Co., Ltd. and some land of Xinfei’s headquarters were put on the shelves. The starting price was 450 million yuan and 115 million yuan respectively. The price increase range was 500 yuan. Million.
In the announcement of the “Rules for Approving the New Flying Company Reorganization Plan” published at the same time, Xinfei stated, 'Because of the break in the capital chain, the debts that are due are not settled and the assets are insufficient to pay off all the debts. On the 30th of the month, he applied to the Xinxiang Intermediate Court for reorganization.
The "Rules" stated that Hong Leong Asia was originally a new fly restructured investor, but after paying a pledge of 50 million yuan, it failed to conclude a reorganization agreement and fulfilled its commitments. It issued an announcement on the Singapore Stock Exchange on April 3 from Xinfei. Withdrawal.
It is reported that in the bankruptcy and reorganization of Xinfei, all employees will be retired. It is estimated that the compensation will be about 158 million yuan. The total amount of claim claims calculated will exceed 2.5 billion, and the total assets of the new flight will be less than 1.1 billion.
