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Hi-Tech Dairy attitude behind the shift towards open support from the Hong Kong Paul liquidation and creditors in the domestic planning applications for bankruptcy again, the fate of Prince Milk Group reached the precipice of danger. "Hi-Tech Dairy rescue mission of great merit, Prince Milk Group unpaired Fan Dao from straits, only milk from Prince Edward who also value for subsidies. At present, the Hi-Tech Dairy has begun to promote Hong Kong, Prince Paul together milk bankruptcy." A Hi-Tech dairy industry insiders yesterday to the First Financial, said late last month, Hi-Tech Dairy Milk Group bypassed the Prince summoned some private creditors, and "called" creditors apply to the court, Prince milk "bankruptcy reorganization." However, this "opinion" was the strong opposition of creditors. "This is actually the prince to give up dairy milk Hi signal!" Yesterday, people close to this reporter said, bankruptcy, general creditors are likely to receive only about 10% of actual claims. "Bankruptcy is a serious irresponsible creditors, and (Prince Milk Group Chairman) Lee pure way this side of the outside world it clear that the 'responsibility in the end of creditors' runs counter to the practice, explicitly opposed aspects of Prince Milk Group." That person so much emphasis on . Save Prince Tech defeated dairy milk defection Hi-Tech Dairy was established in January 2009. That time, Prince Citibank in advance due to demand repayment of milk, melamine, multiple factors such as the financial crisis, a crisis. Breach of contract in the three major investment banks to suspend funding to the Prince of milk a critical juncture, Zhuzhou Hi-Tech Group Co., Ltd., and Zhuzhou City, a joint venture of state-owned assets, investment company set up a Hi-Tech Dairy. Clearly, the historical mission is to save the Hi-Tech Dairy Milk Prince. "Hi Milk is mainly responsible for some of their practices are contrary to the original intention of the government." Prince Milk Group, a top executive told First Financial, according to Hi-Tech Group dairy milk into the Prince's undertaking, Hi-Tech Rental Prince milk dairy equipment business, the profits will be used to repay debt, Prince milk; the same time, ensure the production and management in over the year to return to normal, that is, sales in 2009 reached 12-14 billion. Unfortunately, the actual sales of milk, then crown prince only 540 million yuan, and also caused 300 million yuan of self-Tech dairy losses. Old debt is not also adding new debt. In this context, on May 18 this year, the National Hi-Tech Court more than dairy milk, the company leased the five bases Prince (Zhuzhou, Hunan, Hubei Huanggang, Miyun, Beijing, Chengdu) account closed down; and sealed the outside of the four inter Zhuzhou large base of plant, equipment manufacturing plant; Tech dairy milk sent to person in charge of East of Prince Edward Chan, sent the Prince of Miyun Xiao Shi head high milk were detained by local workers, production, supply and stagnant. Prince's plan to save milk failed, the Hi-Tech Dairy revolt disguise to promote Prince milk bankruptcy. Yesterday, an insider revealed to the reporter, Tech has had three major dairy and Lee purposes of pure investment banks issued letters. Letter said: "The Cayman court-appointed liquidator Great Paul consultancy company and I wish to maintain cooperation with the company to restructure and attract investment in various forms to study the bankruptcy of Prince milk." We are high quality suppliers, our products such as China steel slitters , aluminum slitting for oversee buyer. To know more, please visits steel slitting machine.
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