As the largest local real estate enterprise in Anhui Province, Guogou Group officially declared bankruptcy and reorganization a few days ago due to its debt exceeding 654.38+0.26 billion yuan.
165438+1October 6, State Investment Co., Ltd. issued the Announcement on the Court's Ruling to Accept the Reorganization Application of State Investment Co., Ltd. and its subsidiaries and Appoint Managers. The contents of the announcement pointed out that the state-owned investment and its subsidiaries received a civil ruling from the Intermediate People's Court of Hefei City, Anhui Province. Hefei Intermediate People's Court has ruled in accordance with the law to accept the reorganization application of SDIC and its ten subordinate companies. It is understood that according to the audit report of state-owned investment in 20 18, as of 20 18 12 3 1, the total assets of state-owned investment are about1200.8 billion yuan, and the total liabilities are1263.4 billion yuan. Due to the liquidity problem, Guogou Group and its subsidiaries are in debt crisis, which leads to a large number of lawsuits and enforcement cases in a short period of time. The bank accounts and assets of various companies have been frozen and sealed up by many courts, which has greatly affected the production and operation of enterprises, and the assets of enterprises are at risk of being enforced. The bankruptcy and reorganization of state-owned purchasing groups also led to the forced termination of many of their projects.