Yurun bankruptcy and reorganization The founder s return failed to be rescued, why did it end up so

Because Yurun's reputation in recent years has been much worse than before, and the economic foundation is relatively backward.

Yurun Food is one of the largest meat product manufacturers in China, but due to the group's crazy expansion, it has laid a hidden danger for the future debt crisis, as a food company, around 2011, it has been exposed to negative news such as substandard products, resulting in a sharp drop in stock prices and a decline in business performance.

As an enterprise, there must be innovation, otherwise it will be overtaken by latecomers, which is also the main reason for the bankruptcy of Yurun Group.

Even if it is not bankrupt, the current situation of Yurun Group is not as good as they say, you can imagine that a company that can't even pay wages several times a year will be so good that it will be good.

Recent situation of Yurun Group.

Yurun has exposed the debt crisis, and experts say that the risk of bankruptcy is high.

China Yurun Food Group **** (hereinafter referred to as "Yurun Food") announced that its wholly-owned subsidiary, Nanjing Yurun, failed to repay the second tranche of medium-term notes with a principal amount of 1 billion yuan on May 13, which has triggered the cross-default clause of several new financial loans of the group, which is expected to involve a total principal amount of about 500 million yuan.

This is the second time this year that Yurun Food has failed to repay the principal and interest of the debt on time, and the company is currently experiencing unprecedented difficulties, and debt default is only one of the difficulties.

Nanjing Yurun is the largest meat product manufacturer in China and the core subsidiary of Yurun Food, which is one of the most important industries and two listed companies of Yurun Group.

Hello, I have seen your question and am sorting out the answer, please wait for a while Oh Dear, the answer you need has been shown, Yurun Group is okay, which is reflected as follows: 1. One of the world's largest meat food manufacturers and businessmen, it has created a safe food chain from the source to the end, forming a product lineup of chilled meat, frozen meat, chicken products, duck products, cattle products, low-temperature meat products, high-temperature meat products and other products. 2. Covering business, leisure, vacation, tourism, residence and other multi-functional sectors, it will create a super five-star hotel group, an international golf stadium, an international conference center, a leisure resort club, a spa life and health center, and an ecological leisure resort.

3. Including general contracting, construction labor subcontracting, construction engineering design, etc., mainly engaged in all professional plant projects of agriculture, animal husbandry and food, logistics and warehousing, and decoration and decoration projects of Yurun new retail stores.

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Not bankrupt, in the use of assets to offset the debt to maintain, the early land reserve is more, can be sold for a while, the real estate company in 2017 earned some money to relieve some, **of** sold some debts, there are billions of assets, it is estimated that it can also support it, after all, the institution is huge, the country will not let him go out of business, and when the assets are close to zero, there will be a company to take over, I hope Yurun can stick to it, after all, this brand has a good reputation before, creating a precedent in the food industry.

Summary. Recently, Yurun held the second creditors' meeting and voted on the reorganization plan, which has been approved by more than 90% of the creditors, and the details of the plan are roughly cash settlement within one year after the approval of the reorganization plan for ordinary claims below 300,000 yuan, cash settlement within 5 years below 3 million yuan, and "equity for debt" per share for more than 3 million yuan.

Yurun Group's latest status in 2021

Hello, I have seen your question, and I am sorting out the answer, please wait for a while Recently, Yurun held the second creditors' meeting and voted on the reorganization plan, which has been approved by more than 90% of the creditors, and the details of the plan are roughly the cash settlement within one year after the approval of the reorganization plan of ordinary claims below 300,000 yuan, the cash settlement within 5 years below 3 million, and the "equity for debt" of more than 3 million yuan per share, and the reorganization plan has a mechanism for the actual controller, which can protect the interests of creditors to the greatest extent.

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