Beijing News (Chief Reporter Guo Tie) The Beijing News reporter learned on December 21 that under the supervision of the administrator, Kedi Dairy Company and its three subsidiaries have completed the cash settlement, transfer, unreceived distribution and debt repayment as stipulated in the reorganization plan, and the implementation of the reorganization plan has been completed.
In 2019, with the company and its parent company Kodi Group entering bankruptcy reorganization procedures, the company and its parent company Kodi Group failed to maintain its A-share listing status. After the delisting, Kedi Dairy entered the national SME share transfer system with the abbreviation "Kodi 3", and the reorganization plan was approved in April this year. According to the reorganization plan, the asset-liability ratio of Cody Dairy is 30318%, and about 35 claims confirmed by preliminary examination$2.9 billion.
Kodi Dairy said that the company has effectively resolved the company's debt crisis through the reorganization process, improved the company's asset-liability structure, and helped the company further improve its operating level and profitability, and return to the track of healthy and sustainable development. The reorganization will have a positive impact on the company's financial data for 2023.
Edited by Zhu Fenglan.
Proofread by Zhao Lin.