Hangzhou uncompleted residential building Yifengcheng welcomes the delivery, and the manager appointed by Gaopeng Hangzhou has achieved remarkable results
2018 09/03
On August 28,2018,the"Yifengcheng"real estate project located in Linping New City,Hangzhou welcomed the delivery."Yifengcheng"is a real estate project developed and constructed by Hangzhou Yifengcheng Real Estate Development Co.,Ltd.Due to serious problems in the company's capital chain,it has been suspended since March 2015.On November 25,2015,the Yuhang District People's Court of Hangzhou ruled that Yifengcheng Company was bankrupt and reorganized,and appointed three intermediary agencies such as Beijing Gaopeng(Hangzhou)Law Firm as joint managers,with Qian Yuxin,a lawyer from Gaopeng Firm,serving as the general manager.
At the time of the bankruptcy of Yifengcheng Company,a total of 2371 units of real estate were under construction,and more than 1200 units had been sold,with less than half of the construction progress.Therefore,the bankruptcy of the company involves a wide range of stakeholders,and there is great pressure to maintain stability.Creditors and home buyers are eager to continue the construction and resumption of the company's real estate projects,improving the value of the company's asset disposal.Through the coordination and efforts of the manager,the company introduced 20 million yuan of continued construction funds to creditors of financial institutions as co beneficial debt.In March 2016,the continuation and resumption of the Yifengcheng project and the real estate sales work were launched simultaneously.Soon,this bankrupt property with a value of nearly 1 billion yuan was revitalized,and the sales funds were quickly recovered,effectively ensuring the funding requirements for subsequent project construction.
The manager insisted on completing the follow-up project with quality and quantity guaranteed according to the plan.After more than two years of construction and construction,on August 28,2018,the new and old home buyers of"Yifengcheng"finally ushered in the long-awaited closing day,marking the most crucial achievement in the work of the bankruptcy administrator.
(This article is translated by software translator for reference only.)
At the time of the bankruptcy of Yifengcheng Company,a total of 2371 units of real estate were under construction,and more than 1200 units had been sold,with less than half of the construction progress.Therefore,the bankruptcy of the company involves a wide range of stakeholders,and there is great pressure to maintain stability.Creditors and home buyers are eager to continue the construction and resumption of the company's real estate projects,improving the value of the company's asset disposal.Through the coordination and efforts of the manager,the company introduced 20 million yuan of continued construction funds to creditors of financial institutions as co beneficial debt.In March 2016,the continuation and resumption of the Yifengcheng project and the real estate sales work were launched simultaneously.Soon,this bankrupt property with a value of nearly 1 billion yuan was revitalized,and the sales funds were quickly recovered,effectively ensuring the funding requirements for subsequent project construction.
The manager insisted on completing the follow-up project with quality and quantity guaranteed according to the plan.After more than two years of construction and construction,on August 28,2018,the new and old home buyers of"Yifengcheng"finally ushered in the long-awaited closing day,marking the most crucial achievement in the work of the bankruptcy administrator.
(This article is translated by software translator for reference only.)
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