Derun Electronics (002055.SZ) announced that the company's holding subsidiary Meta System S...
Zhitong Finance App News, Derun Electronics (002055.SZ) announced that the company's holding subsidiary Meta System S.p.A. (hereinafter referred to as “Meta”) has experienced operating difficulties with negative net assets and is unable to pay off maturing debts. Previously, Meta had conducted independent negotiations with relevant creditors, but due to reasons such as the delay in the progress of Meta's capital increase (Taizhou) Holdings Co., Ltd. (hereinafter referred to as “Glen Meida”), the voluntary negotiations were unsuccessful due to reasons such as delays in the progress of Meta's capital increase and the capital increase payments not being put in place as scheduled.
According to the requirements of relevant Italian law, Meta must file Composition with Creditors Settlement (Chinese translation: creditor settlement procedure, hereinafter referred to as “CP procedure”) in the local court. The CP procedure is an in-court procedure for an Italian company under the supervision of the local court. The debtor submits documents such as plans and creditor settlement plans within the statutory period, and the creditors vote to approve the settlement plan and execute it with the court's approval to balance the business and financial situation of the enterprise. Entering the CP process allows Meta to maintain normal operation under legal protection, continue to receive support from customers and suppliers, and at the same time effectively mitigate the problems of low asset levels and financial constraints by introducing investors and reaching settlements with creditors. Otherwise, other parties such as creditors and Meta's statutory audit committee have the right to file bankruptcy and liquidation applications with the court.
Meta specializes in NEV vehicle power management modules and other businesses. It is an important part of the automotive industry chain, and has core technical advantages and a high-quality customer base in the automotive power management module business field. In the CP process, some customers and suppliers will be willing to continue to support Meta. Meta has hired professional intermediaries to carry out preparations such as investor matchmaking and settlement plan design. Entering the CP process is an important way for Meta to avoid further deterioration in debt risk, properly and rationally handle debt, and reverse financial difficulties.