Generally speaking, when a company enters the stage of bankruptcy liquidation, there will probably be three outcomes: reconciliation, bankruptcy liquidation and bankruptcy reorganization. As a creditor, Star Precision Co., Ltd. can apply for bankruptcy liquidation and bankruptcy reorganization. Now Star Precision has chosen the road of reorganization, which means that Hammer Digital Technology Co., Ltd. may come back to life. Creditor Star Precision Co., Ltd. has great confidence in the revival of hammer digital technology.
It is also a good thing that Star Precision Company chooses bankruptcy and reorganization. If there is a part of income in the process of restructuring, then this part of income can improve the debt repayment rate. As a former executive director of the company, Luo Yonghao has now embarked on the road of live broadcast with goods, and claimed that all debts will be paid off by the end of this year, which is also a good thing for Star Precision. If Luo Yonghao can pay back all the money, then the restructuring of Hammer Digital Technology Co., Ltd. will better guarantee the repayment of debts.
There are still so many people concerned about the follow-up of Hammer Digital Technology Co., Ltd., mainly because Luo Yonghao is really too honest, and it is really a waste for such an honest businessman. He is also unfit to be a businessman. Luo Yonghao in business is a failure, but Luo Yonghao in human nature is a success.
In a word, nothing actually happened. Creditor Star Precision Co., Ltd. believes that Beijing Hammer Digital Technology may come back to life and repay more debts, so Creditor Star Precision filed for bankruptcy and reorganization.