Jinli Bankruptcy Liquidation Enters The Creditor Declaration Stage

- Dec 26, 2018-

Jin Li bankruptcy liquidation entered the creditor declaration stage, and it was determined that the first creditors meeting will be held on April 2, 2019.


This month, the Shenzhen Intermediate People's Court ruled that Shenzhen Jinli Communication Equipment Co., Ltd. was accepted as the bankruptcy liquidation case, and Shenzhen Zhengyuan Liquidation Co., Ltd. and Shenzhen Zhongtianzheng Clearing Affairs Co., Ltd. were appointed as the manager of Jinli, and the creditors should be in 2019. On December 21, the two trustees were reported to the creditors.


According to the regulations of Shenzhen Intermediate People's Court, the first creditor meeting of Jinli will be held on April 2, 2019.


According to the data, Jinli was established in September 2002 and is one of the “older” domestic mobile phone brands.


From 2006 to 2009, Jin Li invited Liu Dehua to endorse, which made it famous. However, with the strong rise of Internet mobile phone manufacturers such as Xiaomi, Jin Li, which started with a functional machine, began to be covered up by emerging domestic mobile phone brands.


In December 2017, Gionee experienced a debt crisis. Its suppliers exposed the financial capital chain break, and then the financial assets were frozen.


On May 8, 2018, Shenzhen Branch of Guangdong Huaxing Bank Co., Ltd. applied for bankruptcy liquidation to Shenzhen Intermediate People's Court on the grounds that Jinli could not pay off its debts due, and Jin Li officially went to the bankruptcy liquidation stage.