Is the restructuring plan suspected of losing state-owned assets? Tsinghua Unigroup responded: The statement is untrue-EEWORLD

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Tsinghua Unigroup's debt crisis began to emerge in November 2020, and creditors applied for bankruptcy reorganization in July this year. On the evening of December 13, Tsinghua Unigroup officially announced that Zhilu Asset Management and Jianguang Asset Consortium became strategic investors in bankruptcy reorganization and formulated a draft reorganization plan. But just when the outside world thought that Tsinghua Unigroup's reorganization was finally coming to an end, Beijing Jiankun Investment Group, which is actually controlled by Zhao Weiguo, issued a statement saying that Tsinghua Unigroup's reorganization plan will directly cause a loss of 73.419 billion yuan in state-owned assets, and has reported it to the Central Commission for Discipline Inspection and other departments under real name.

On the evening of December 16, Tsinghua Unigroup issued a statement saying that recently, the administrator noticed that Tsinghua Unigroup's minority shareholder Jiankun Group and its actual controlling individual Zhao Weiguo spread false statements regarding the handling of Tsinghua Unigroup's debt risks.

The statement pointed out that in the past few years, Zhao Weiguo manipulated Tsinghua Unigroup to frequently carry out domestic and overseas mergers and acquisitions through huge financing, resulting in excessive debt. Coupled with poor management, Tsinghua Unigroup broke out a debt crisis in 2020, cash flow dried up, and was unable to repay huge domestic and overseas debts due. The group and its affiliated entities faced major risks such as asset seizure, account freezing, and financing depletion, and the company's operations fell into a serious predicament that was difficult to maintain. In November 2020, Tsinghua Holdings introduced a special working team (later converted to a liquidation team) to carry out debt risk resolution work in accordance with the principles of "marketization and rule of law" and in compliance with laws and regulations, and gradually stabilized the company's fundamentals.

Tsinghua Unigroup said that in the next step, in accordance with the announcement of the Beijing No. 1 Intermediate People's Court on the convening of the second creditors' meeting of Tsinghua Unigroup, a meeting will be held on December 29 to vote on the reorganization plan. The administrator welcomes creditors and other relevant parties to continue to put forward valuable opinions and suggestions on the follow-up work of Tsinghua Unigroup's bankruptcy reorganization. The administrator will continue to perform its duties conscientiously and in accordance with the law to better complete the judicial reorganization of Tsinghua Unigroup. As for the dissemination of false information by Jiankun Group and Zhao Weiguo in an attempt to interfere with and affect the progress of Tsinghua Unigroup's judicial reorganization, the administrator firmly opposes it and will take measures to investigate the legal responsibilities of relevant individuals and units in accordance with the law.

Reference address：Is the restructuring plan suspected of losing state-owned assets? Tsinghua Unigroup responded: The statement is untrue

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