Shenzhen Jingyingda Optoelectronics is on the verge of closing the boss and running for half a year.
Recently, the media broke the two major shareholders of Jingyingda Optoelectronics Technology (Shenzhen) Co., Ltd. as early as March, more than 400 employees did not know to continue working, the management hoped that the debt restructuring will come back to life, it seems that the restructuring plan is not effective, At the end of August, the supplier was notified of the cessation of supply. On September 5, the supplier came to discuss the arrears, and the employees began to ask for a salary, but they all faced difficulties due to the company's current bankruptcy risk.
Mr. Yang, the supplier representative, told the reporter that the two major shareholders of the company were withdrawn from Taiwan in March and were fully authorized to supervise the accounting and taxation authorities. The company’s funds began to have problems. Although the third largest shareholder attempted to complete the restructuring through cooperation with the bank, the collapse occurred in September. Originally negotiated cooperation with seven banks, but because of the deviation of some of the links, a bank could not lend, resulting in a broken capital chain. The supplier is currently trying to recover nearly $8 million in arrears, but because the company is on the verge of bankruptcy, there may be difficulties.
Most suppliers say they will continue to supply as long as the company can survive the storm. However, as far as the current situation is concerned, the company’s future is uncertain. Whether it is to declare bankruptcy or wait for restructuring, no one has answered. The company's employees also said that they hope the company will continue to operate.
"High-tech LED" reporter learned in the Tianya community that every day a large group of people are downstairs in the company to get a salary. Another netizen complained: "How to say that the size of Jingyingda is not small. It was also quite good in the 71 district of Baoan District a few years ago. It will face bankruptcy in these days. It is a few hundred employees who have a salary of more than one month. Yes, this is our hard-earned money. Do you want to do things for you every day? Isn’t it just for this money to support your family? Nima ran on the road without a word, and now every day employees are in the factory, and no one has ever seen it. It’s not the way to do it.â€
Mr. Yang, the supplier representative, told the reporter that the two major shareholders of the company were withdrawn from Taiwan in March and were fully authorized to supervise the accounting and taxation authorities. The company’s funds began to have problems. Although the third largest shareholder attempted to complete the restructuring through cooperation with the bank, the collapse occurred in September. Originally negotiated cooperation with seven banks, but because of the deviation of some of the links, a bank could not lend, resulting in a broken capital chain. The supplier is currently trying to recover nearly $8 million in arrears, but because the company is on the verge of bankruptcy, there may be difficulties.
Most suppliers say they will continue to supply as long as the company can survive the storm. However, as far as the current situation is concerned, the company’s future is uncertain. Whether it is to declare bankruptcy or wait for restructuring, no one has answered. The company's employees also said that they hope the company will continue to operate.
"High-tech LED" reporter learned in the Tianya community that every day a large group of people are downstairs in the company to get a salary. Another netizen complained: "How to say that the size of Jingyingda is not small. It was also quite good in the 71 district of Baoan District a few years ago. It will face bankruptcy in these days. It is a few hundred employees who have a salary of more than one month. Yes, this is our hard-earned money. Do you want to do things for you every day? Isn’t it just for this money to support your family? Nima ran on the road without a word, and now every day employees are in the factory, and no one has ever seen it. It’s not the way to do it.â€
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