Group 1 - The Guangdong High Court has concluded the bankruptcy reorganization process of Shenzhen Mingjiahui Technology Co., Ltd., marking the first listed company bankruptcy reorganization case handled at a higher court level in Guangdong [1][2] - Mingjiahui, established in 2001, was the first independently listed lighting engineering company in China, but it has faced declining performance with four consecutive years of losses since 2020 [1] - In May 2024, creditors applied for reorganization due to the company's inability to repay debts and lack of repayment capacity, despite having reorganization value [1] Group 2 - The Guangdong High Court approved the reorganization plan, which was deemed beneficial for rescuing the company, improving debt repayment rates, and protecting the core asset value of the distressed enterprise [2] - The reorganization plan was fully executed, with over 1.2 billion yuan in investment fully in place, successfully resolving over 600 million yuan in debts, and ensuring full repayment to over 260 suppliers and nearly 100 employees [2]
12亿余元投资款到位!"照明工程第一股"重整成功