DeHeng Assisted Industrial Investors in Successful Reorganization Investment in ST Aonong

2025-01-08

On February 5, 2024, Fujian Aonong Biological Technology Group Incorporation Limited (hereinafter referred to as “ST Aonong” or “Aonong Group”) received a pre-reorganization notice and a decision on the appointment of a temporary administrator from the Intermediate People’s Court of Zhangzhou City, Fujian Province, which decided to initiate pre-reorganization proceedings for the company.

DeHeng’s Shanghai and Xiamen Offices (hereinafter collectively referred to as “DeHeng”) were commissioned by the industrial investors for reorganization (hereinafter collectively referred to as the “clients”) and formed a project team led by partners Wu Jun, Xu Dong, Zhu Shuting, Liu Yuheng, and Rao Lu from both offices, with support from Zhou Yu, Liu Zhenyi, Liu Shanshan, Liu Luting, Guo Juanqiong, Dai Jiahao, and Zhang Junlan. They provided professional legal services for the clients’ participation in the reorganization investment of Aonong Group.

The case was concluded on December 26, 2024, with a ruling from Zhangzhou Intermediate People’s Court to terminate the bankruptcy proceedings. This case was the first completed bankruptcy reorganization case of a listed company in Fujian in 2024 and has significant influence.