On August 3, 2020, this court ruled to accept the bankruptcy liquidation case of Shaoxing County Xintianlong Textile Co., Ltd. based on the application of Xiansheng Small Loan Co., Ltd., Keqiao District, Shaoxing City, and appointed Zhejiang Huansha Lawyer on the same day The firm is the administrator, and this court found that the first creditors’ meeting of Shaoxing County Xintianlong Textile Co., Ltd. was held on October 12, 2020. There were 6 unobjectionable claims confirmed by the creditor’s rights verification at the meeting, with a total amount of It is 30702110.63 yuan.
At the same time, the meeting also voted and adopted the “Debtor’s Property Management Plan”, “Bankruptcy Property Valuation Plan”, “Bankruptcy Property Pre-distribution Plan”, “About off-site review of relevant voting matters” Proposal” and other reports.
On April 8, 2021, the administrator submitted an “Application for Bankruptcy Declaration” to this court:
1. The value of the debtor’s main assets is currently only 41,702.90 yuan, and the total unobjectionable claims confirmed by the administrator and reviewed by the creditors’ meeting are 89,788,771.94 yuan;
2. So far The administrator has not been able to take over any financial account books, vouchers and other information from the debtor;
3. So far, no obligee has submitted an application for restructuring or reconciliation to the administrator, and the debtor has already Production and business have been suspended for many years, and objectively there is no possibility of restructuring or reconciliation.
In view of the fact that after the debtor entered the bankruptcy liquidation procedure, it was unable to pay its due debts, its assets clearly lacked solvency, and the relevant obligees did not file an application for reorganization or reconciliation. Apply to the People’s Court to declare Shaoxing County Xintianlong Textile Co., Ltd. bankrupt.
This court believes that the current status of Shaoxing County Xintianlong Textile Co., Ltd.’s corporate assets and the creditor’s rights registration results confirm that the assets of Shaoxing County Xintianlong Textile Co., Ltd. cannot pay off due debts and that the assets are insufficient. To pay off all debts, the facts are clear.
When this court was hearing the bankruptcy liquidation application of Shaoxing County Xintianlong Textile Co., Ltd., the relevant rights holder did not file an application for reconciliation or reorganization procedures and Shaoxing County Xintianlong Textile Co., Ltd. also There are no obstacles to declaring bankruptcy. Shaoxing County Xintianlong Textile Co., Ltd., as an enterprise legal person, meets the legal conditions for declaring bankruptcy.
Accordingly, in accordance with the provisions of Article 2 and Article 107 of the “Enterprise Bankruptcy Law of the People’s Republic of China”, this court declared that Shaoxing County Xin Tianlong Textile Co., Ltd. went bankrupt.
Hereby announces
Shaoxing Keqiao District People’s Court
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April 15, 2021
Netizens’ messages
According to Tianyancha: The company was revoked on December 18, 2017, and the legal person Representative Zhang Longjiang
According to Baidu Encyclopedia entry:
Zhang Longjiang (New Founder of Tianlong Enterprise)
Zhang Longjiang, founder and chairman of New Tianlong Enterprise, graduated from the California University of Science and Technology with a graduate degree in business administration.
Character Experience
Since 1994 Starting a business with 50,000 yuan, with the goal of “innovating business and management models and building core competitiveness in traditional industries”, he has founded Xintianlong Enterprise and many of its affiliated companies so far. In the past 18 years of entrepreneurship:
In 1999, he founded Shaoxing County Xintianlong Textile Co., Ltd. So far, the company has annual sales of nearly 500 million yuan and has become an expert in women’s clothing fabrics for international brands such as M&S, NEXT, GUESS, ANN TAYLOR, and CK;
In 2002, it jointly established Shaoxing Chinatex Chemical Co., Ltd. with the China Academy of Textile Science;
In 2004, it established a joint venture with the China Academy of Textile Science, Zhejiang Chinatex Xintianlong Textile Technology Co., Ltd.;
In 2007, it spent nearly 100 million yuan to acquire Zhejiang Bairui Printing and Dyeing Co., Ltd. with an annual fabric manufacturing capacity of nearly 70 million meters;
In 2008, he founded Shanghai Xintianlong Network Technology Co., Ltd., focusing on designer brand clothing and mid-to-high-end clothing customization.
In 2010, he was rated as “Shanghai Modern Service “Industrial Technology Support Project”;
In 2009, it acquired “SEVEN DAYS” and established Shanghai SEVEN DAYS Clothing Trading Co., Ltd.
According to Ali auction information: Shanghai Shifendisi Clothing Trading Co., Ltd. ↑
According to Ali Auction Information: Zhejiang Bairui Printing and Dyeing Co., Ltd.↑
According to Ali auction information: Zhejiang Chinatex Xintianlong Textile Technology Co., Ltd.↑ </p
