According to the requirements of the legal procedures for the bankruptcy and reorganization of Ziguang Group, Ziguang Group reorganized the strategic investor Zhilu Jianguang Consortium, and invested 60 billion yuan in the reorganization to pay off the huge debt of Ziguang Group. This move means that the reorganization of Ziguang Group will enter into substantial delivery. With the investment funds in place, the delivery of Ziguang Group still needs to complete multiple approval procedures including the review of business concentration. In July 2021, Ziguang Group, with debts of more than 200 billion yuan, was applied by creditors to enter bankruptcy reorganization procedures. Subsequently, listed companies such as Tsinghua Unigroup disclosed an announcement stating that the consortium formed by Beijing Zhilu Asset Management Co., Ltd. and Beijing Jianguang Asset Management Co., Ltd. as the leading parties was the substantive merger and restructuring strategic investment of seven companies including Tsinghua Unigroup. By. It is reported that Ziguang Group has accumulated nearly 300 billion yuan in assets over the years, and finally confirmed nearly 142.6 billion yuan in claims. In addition, there was an accidental episode in the middle of the reorganization process. Jiankun Group and Zhao Weiguo issued a public statement, sent ten questions in “Whose Purple Light”, and attached 12 attachments. Dissatisfaction with the plan. On January 17, 2021, the Beijing No. 1 Intermediate Court ruled to approve Ziguangji.
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