化债5.8亿，保住两百余职工“饭碗”“琉都”老厂获重生

Core Insights - The article highlights the successful bankruptcy reorganization of Baoli Sulfuric Acid Co., which was crucial for saving the company and the livelihoods of over 200 families [1][11] Group 1: Company Background - Baoli Sulfuric Acid Co. is a long-established industrial enterprise in Yunfu, known as "China's Sulfur Capital," with significant advantages in sulfur chemical production due to its geographical location and resources [2] - The company faced severe operational challenges and financial difficulties, leading to a funding crisis and potential bankruptcy, with debts nearing 580 million yuan and employees facing unpaid wages [5][11] Group 2: Bankruptcy Proceedings - In December 2021, creditors applied for bankruptcy reorganization, prompting the Yunfu Intermediate People's Court to accept the case and initiate a reorganization process for both Baoli and its subsidiary, Yinli Chemical [4][6] - The court faced initial resistance from employees who were concerned about job security and the implications of bankruptcy, but through communication, the court clarified that reorganization aimed to preserve jobs and recover the company [4][6] Group 3: Reorganization Efforts - The court and local government collaborated to secure funding and support for the companies, allowing them to resume production and address immediate employee needs [7][8] - A new investment model was established, combining industrial and financial investors to facilitate the reorganization, with a focus on operational continuity and financial stability [10][11] Group 4: Outcomes and Future Plans - The reorganization was approved, leading to the full repayment of employee debts and social security contributions, restoring confidence among workers [11][14] - The new management aims to enhance operational efficiency and market competitiveness, with plans to develop a new factory with an annual output value exceeding 300 million yuan [14][15]