Decompose debt burden new strong communication into *st Kejian restructure "enthusiastic person"

*st Kejian, who walks on the brink of restructuring, today disclosed that the board was considering a bill to compensate the company for its debt to the new strong communications.　　It is noteworthy that the new strong communication is to the court to the *st Kejian bankruptcy reorganization of the applicant. According to the announcement, *st Kejian on December 10, 1999 for the love of the group to the headquarters of the business Department of China Merchants Bank loans 30 million yuan to provide joint and several liability guarantees, because love group did not repay in time, *st Kejian undertook a total of 25.515 million yuan loan principal and interest of the joint liquidation responsibility.　　In view of the fact that the claim has not been recovered for many years and was suspended by the court, the company has fully prepared for bad debts. *st Kejian today, after consultation, the company agreed to the love of the group's claims to 4.9 million yuan to transfer to the new strong communications, and the price of the company's new strong communication of the corresponding liabilities.　　The deal made *st Kejian a hot potato and could yield 4.9 million yuan in 2010. Data show that the new strong communication is a registered capital of only 2 million yuan private enterprises. April 2008, the new strong communications through the torch import and export company to *st Kejian creditor's rights, become *st Kejian creditor, which in January this year to the Shenzhen Institute of *st Kejian bankruptcy of the reorganization of the application, the Court has not yet accepted. Before this debt compensation, the new strong communication to the company still has more than 6.7 million yuan of debt.　　This means that after the restructuring of the debt, the new strong communications on the company's claims only 1.8 million yuan. Before that, *st Kejian's Road to restructuring was full of twists and turns. Private enterprise with the party group had respectively in March 2008, February 2009 two to be reorganized St Kejian, but all have died. Under the background that the bankruptcy reorganization application has not been approved, the new strong communication helps *st Kejian to decompose the debt burden, which seems to promote the reorganization of the company bankruptcy and realize the reorganization as soon as possible.　　According to the previous case analysis of bankruptcy reorganization, the new strong communication is likely to embody the will of potential restructuring party. Annual report shows that 2009, *st Kejian loss of $17.9556 million. By the end of 2009, the company's total liabilities amounted to 1.798 billion yuan, of which the short-term liabilities of 1.574 billion yuan, and a number of security, litigation. In the annual report, the company said that it would closely follow up and actively cooperate with relevant parties to advance the company into the reorganization process as soon as possible.