Huatai Oil Bankruptcy and Reorganization Project Starts

The bankruptcy and reorganization plan of Zhoushan Huatai Petroleum Co., Ltd. of Zhejiang Province was recently launched, and on July 4th, a total amount of 58.92 million yuan was owed to 50 natural person creditors. According to the reorganization plan, the company has made a total of three claims distributions, and its ordinary claims will pay close to 60%. Huatai Company is a large-scale private enterprise in Zhoushan City. It was bankrupt because it was unable to pay off mature debts. However, the 290,000-square-ton oil storage and transportation project under construction has good prospects for development and room for appreciation. At present, it has been openly invited to introduce Zhoushan Zhenyang Development Co., Ltd. and Yongshun Oil Products International (Hong Kong) Co., Ltd. as legal entities. Strategic investor.