Ruixing lost the lawsuit! Credit Suisse will recover US $300 million of debt

category:Finance
 Ruixing lost the lawsuit! Credit Suisse will recover US $300 million of debt


In the past two months, banks such as Credit Suisse and Morgan Stanley have gained about $210 million through the sale of shares of lucky mortgage, but there is still a gap of more than $300 million in loans.

On May 19, haodeinvestment, a subsidiary of Lu Zhengyao, formally sued Credit Suisse, because the latter sent a notice on behalf of its Hong Kong Branch, Goldman Sachs, etc. on April 3, requiring Ruixing coffee to make a mandatory prepayment of 532 million US dollars.

External debt recovery pressure, Ruixing internal is not calm.

In the early morning of June 20, Ruixing coffee released a notice on its official website, and it will hold an interim shareholders meeting on July 5 to discuss the removal of seanshao, Lihui, Liu Erhai and Lu Zhengyao, as well as whether Yingzeng and Jieyang will be appointed as independent directors.

According to the announcement, Yingzeng is now a partner of Orrick Herrington & sutcliffellp, with more than 25 years of work experience in the field of business and law. Jieyang (Chinese Name: Yang Jie) now holds several positions in CUPL, including Vice President of business school, deputy director of MBA center, and Chief Secretary of business school. At the beginning of May this year, with the continuous promotion of the investigation on the counterfeiting of Ruixing coffee, the chief executive officer (CEO) Qian Zhiya, the chief operating officer (COO) Liu Jian and others involved in the counterfeiting have been removed from their posts and have withdrawn from the board of directors. On May 15, Ruixing coffee received the delisting notice from NASDAQ Exchange, and the company plans to hold a hearing on it. According to relevant laws and regulations, the hearing is usually arranged to be held 30 to 45 days after the date of request for hearing, that is to say, around June 30 at the latest, Ruixing coffees delisting will have preliminary results. Source: responsible editor of 21st century economic report: Wang Xiaowu_ NF

According to the announcement, Yingzeng is now a partner of Orrick Herrington & sutcliffellp, with more than 25 years of work experience in the field of business and law. Jieyang (Chinese Name: Yang Jie) now holds several positions in CUPL, including Vice President of business school, deputy director of MBA center, and Chief Secretary of business school.

At the beginning of May this year, with the continuous promotion of the investigation on the counterfeiting of Ruixing coffee, the chief executive officer (CEO) Qian Zhiya, the chief operating officer (COO) Liu Jian and others involved in the counterfeiting have been removed from their posts and have withdrawn from the board of directors.

On May 15, Ruixing coffee received the delisting notice from NASDAQ Exchange, and the company plans to hold a hearing on it. According to relevant laws and regulations, the hearing is usually arranged to be held 30 to 45 days after the date of request for hearing, that is to say, around June 30 at the latest, Ruixing coffees delisting will have preliminary results.