Is Jiangsu Construction Engineering bankrupt?

In July this year, Jiangsu Construction Engineering Group declared bankruptcy, and China Yunan Road Construction Group declared bankruptcy in June165438+1October. Both groups were acquired by Pacific Construction Group.

0 1. Acquisition of Jiangsu Construction Engineering Group:

15 On the morning of July, Solemn Think Tank held a press conference in Huai 'an, announcing that its Global Village Construction Company had taken over Jiangsu Construction Engineering Group Corporation, and Yan Jiehe, founder of Pacific Construction Company and chairman of Solemn Think Tank, had become the chairman.

Jiangsu Construction Engineering Group Corporation was established on 1989 with the approval of Jiangsu Provincial People's Government. It is a super-qualified enterprise approved by the Ministry of Housing and Urban-Rural Development and a top 30 enterprise with comprehensive construction strength in Jiangsu Province. In recent years, the company set foot in other real estate enterprises, was in deep debt trouble and was on the verge of bankruptcy.

After the "marriage" with the global village construction company, a new operation mode will be fully implanted, and equity changes and asset restructuring will be carried out in order to turn the corner, reborn and achieve sustainable and high-quality development.

02. Acquisition of Yunnan Highway Construction Group:

On June 8, 2022165438+1October/KLOC-0, China Yunnan Highway Construction Group Co., Ltd. (hereinafter referred to as Yunnan Highway Construction) completed all industrial and commercial change procedures. Pacific Construction Group successfully reorganized and acquired Yunnan Highway Construction, officially took over the enterprise, and completed the bankruptcy reorganization of the first highway super-qualified enterprise in China. Pacific construction helps Yunnan Road Construction solve the dilemma with its strength and help bankrupt enterprises "get back on track"!

Review of main courses

(1)202 1 September 1

With the strong support of Mr. Yan Jiehe, the founder of Pacific Construction, Pacific Construction officially submitted the "Registration Materials" for participating in the bankruptcy and reorganization of Yunnan Road Construction;

(2) June 2022 14

The manager of Yunnan Highway Construction confirmed that Pacific Construction Company was the investor in the bankruptcy and reorganization of Yunnan Highway Construction, and invested in the construction of Yunnan Highway in China through reorganization;

(3) June 65438+1October 65438+September 2022

Kunming Intermediate People's Court issued a civil ruling to approve the Yunnan Road Construction and Reorganization Plan;

(4)20221October 1 1

Yunnan Road Construction Manager and Pacific Construction formally signed a restructuring investment agreement;

(5) 165438+2022 10/8

Yunnan Road Construction completed all industrial and commercial change procedures.

After more than a year, the acquisition and reorganization work was finally a complete success, and Yunnan Road was built into a new life!

China Yunnan Highway Construction Group Co., Ltd. was established in 1993, formerly known as China Yunnan Highway and Bridge Engineering Corporation. It is the first highway general contracting enterprise in Yunnan Province and the earliest highway enterprise in Yunnan Province, and it belongs to the Provincial Communications Department. The company has a general contract for highway construction, a professional contract for subgrade, pavement, bridge and tunnel, and a design qualification for highway industry. Over the years, due to the changes in the market environment, Yunnan highway construction has been dragged down by difficulties such as "financing difficulties", "repayment difficulties" and "project difficulties", resulting in insolvency and filing an application for bankruptcy reorganization with the court.

The acquisition and reorganization of Yunnan highway construction here will revitalize the first-class highway general contracting and first-class design qualifications of Yunnan highway construction.

03. How cowhide is Pacific Construction Group?

Yan Jiehe, the founder of Pacific Construction Group, became the first private enterprise in the construction industry to set up a 100 billion commercial group from contractor.

For talents, he once said: any doctor or postdoctoral doctor is useless;

Regarding management, he also said: the education of business schools is a failure, and 90% of management professors in China do not understand management. I am the entrepreneur with the highest management level in China;

Regarding ability, he said narcissistically: Up to now, there is nothing I can't think of, and there is nothing I can't do;

Regarding clothes, he sincerely said: I have never worn a famous brand, so there is no need-I am a famous brand myself.

Since 2002, Yan Jiehe has made large-scale acquisitions of loss-making state-owned enterprises. Pacific Construction Group has successively acquired 27 state-owned enterprises, and he is most famous for acquiring listed companies internationally.

In 2005, after the Pacific Construction Group successively acquired 365,438+0 loss-making state-owned enterprises, its subsidiaries reached 65,438+065,438+05.

In 2005, Yan Jiehe, the richest man in Jiangsu, was worth 1 1 billion yuan a year, ranking second in the national rich list, second only to Li Ka-shing.

On 20 1 1 year, Yan Jiehe handed over Pacific Industry to his son Yan Hao, and Yan Hao, who was only 25 years old, took over as the chairman of Pacific Construction Group.

In the third year when he was in charge of Pacific Construction Company, the company entered the global top 500, and Yan Hao became one of the youngest ten richest people born in 1980s.

In 20021year, 35-year-old Yan Hao ranked 7th1in the Hurun Report with wealth155 billion.

On August 3rd this year, the Fortune Global 500 list in 2022 was released simultaneously. Pacific Construction ranked 1 50 with its revenue of1100 million US dollars, ranking first among private enterprises in the global construction industry for nine consecutive years.

Sushang Group, a subsidiary of Solemn Think Tank, made the list for the first time, ranking 299th, becoming the second Fortune 500 company under Solemn Think Tank after the Pacific Construction.

Like father, like son, the young Yan Hao, with his father's billion-dollar empire, continued to take off all the way.