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Tsinghua Unigroup's Reorganization Plan Approves in Court Decision

Updated:2022/1/19 15:58

The custodian team of Tsinghua Unigroup received the Civil Judgment from Beijing No.1 Intermediate Court, Tsinghua Unigroup lately announced. The court ruled and approved the reorganization plan in the case of substantive consolidation and reorganization of seven firms including Tsinghua Unigroup and terminated procedures for the reorganization of the seven companies.

In the wake of the court ruling, reorganization procedures will be executed and examined by relevant authorities before being put into actual delivery. Reportedly the consortium of JAC Capital and Wise Road Capital as the strategic investor of the reorganization will allot 60 billion Yuan to the liquidation of debt to creditors.

 Source:C114
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