79 supermarket stores restarted BBK creditors meeting finalized

Mondo Finance Updated on 2024-01-30

On the first working day after the New Year's Day, the first creditors' meeting will be held ......On the evening of December 18, the latest announcement disclosed by BBK, the "first share of private supermarkets", shows that the company's reorganization is progressing in an orderly manner, and the number of restarted supermarket stores is also continuing to increase.

According to the announcement, as of December 15, the common interest bonds of less than 1 billion yuan borrowed by BBK licensed by the Xiangtan Intermediate People's Court have been in place98 billion yuan, the company is being used in batches to restore the business of supermarket stores, and continue to maintain the normal operation of the department store business.

At present, 79 supermarket stores in Hunan and Guangxi have restarted and resumed normal operations.

According to the micro display of step by step, the company is actively preparing for the Spring Festival season, and has held the "2024 Spring Festival New Year Goods Launch Conference" on December 13.

The relevant person in charge of BBK said that the store should be built into "the most New Year's supermarket", and the company has launched an employee incentive plan in December to help achieve the Spring Festival performance.

It is worth mentioning that from December 12th to 13th, Yu Donglai, chairman of the commercial retail giant Fat Donglai in Henan, was invited to visit BBK, gave on-the-spot guidance to the company's stores, and shared in-depth with the company's management team.

The sincere exchange between the two retail companies is a strategic and tactical "spark" collision for BBK, which is in the process of reorganization.

At present, the work related to the reorganization of BBK is also progressing steadily.

On October 26 this year, BBK was ruled by the Xiangtan Intermediate People's Court to accept the reorganization application.

At 9:30 a.m. on January 2, 2024, the first creditors' meeting of BBK was held by online conference. A week later, on January 8, the first creditors' meeting of the 14 wholly-owned subsidiaries that had been ruled by the Xiangtan Intermediate People's Court to accept the reorganization will be held.

It is understood that the time for the declaration of BBK's claims is from November 8 to December 17, 2023 (including that day). As of December 15, the amount of declared claims was 1742.7 billion yuan.

In addition, in accordance with the provisions of the Enterprise Bankruptcy Law of the People's Republic of China, the Xiangtan Intermediate People's Court has sent a letter to the relevant court in accordance with the law regarding the lifting of the preservation measures on the company's property and the suspension of the execution of the company's related cases after BBK was accepted for reorganization.

As of December 15, 2023, the relevant courts have deleted all the information of judgment defaulters involved in BBK and lifted the freezing measures on 22 bank accounts.

In terms of contract performance, following the previous November 29 Xiangtan Intermediate People's Court agreed that BBK would continue to perform the first batch of unfulfilled contracts signed with other entities, on December 12, the second batch of contracts was also agreed to continue to perform.

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