On the evening of May 4, Zhongtian Finance announced that it had received the Letter of Decision sent by Guiyang Intermediate People's Court on May 4, and Guiyang Intermediate People's Court decided to start the pre reorganization procedure of the company according to the application of Ping An Bank Huizhou Branch, and required Zhongtian Finance to cooperate with the court and the temporary administrator to fulfill legal obligations. This is another important measure after Ping An Bank Huizhou Branch applied for reorganization on April 26.

According to the announcement, once Zhongtian Finance enters the pre reorganization procedure, it will be beneficial for the company to start work in advance, including declaration, registration and review of creditor's rights, asset investigation, audit and evaluation, etc; It is beneficial for the Company to negotiate and communicate with creditors and investors who intend to reorganize in advance, fully grasp the feedback and recognition of all parties on the reorganization matters on the premise of equal protection of the legitimate rights and interests of all parties, and formulate a feasible pre reorganization plan as soon as possible in combination with the actual situation of the Company, so as to improve the efficiency of the follow-up reorganization and the success rate of the reorganization.

Public data shows that the largest creditor of Zhongtian Finance, Ping An Bank Huizhou Branch, applied for reorganization on April 26, Guiyang Intermediate People's Court notified Zhongtian Finance on April 27, and the pre reorganization was started on May 4, the first day after the May Day holiday, which shows that its relevant preparations were solid, so that a series of combination punches were introduced in such a short time, and its reaction speed and work attitude gave a positive signal, We can see the support and attitude of the local government and the court for the risk resolution work of this enterprise.

Zhongtian Finance said that this pre reorganization could be quickly accepted by the court, marking a crucial step forward in relevant work.

There is no doubt that the closely watched Zhongtian financial debt crisis has finally shown signs of "breaking the ice". It is the common expectation of the government, society, creditors, affiliated enterprises and shareholders to usher in changes and promote the development of the situation. For Zhongtian Finance itself, this pain and transformation may be the opportunity for it to "move towards the future".

As the first listed company in Guizhou, Zhongtian Finance governs insurance, securities and real estate. It is not a real estate enterprise in general sense, but a listed company with both financial and real estate businesses. It has a valuable financial license, which is also a financial license that Guizhou provincial government lacks. In the pre restructuring promotion stage, one of its important tasks is to introduce powerful investors, especially to make full use of its license value, and do enough work and work in the context of "introducing money into Guizhou" in Guizhou Province, so as to provide shareholder level support for future rebirth.

Especially in the current market context, restructuring can accelerate the disposal of non-performing assets and optimize the allocation of assets, which can lay a good foundation for business transformation and future development of enterprises. For Zhongtian Finance, this may be another landmark event, an important turning point in the history of its enterprise development, and its influence is self-evident.

To form a mystery

Edited by Liu Xiaoyu

Second instance Miao Guoqiang

Third instance Zhao Xiaoya