DeHeng Assisted Qijiang Gear Transmission in Restructuring and Achieving Revival

2025-12-03

On November 13, 2025, the draft restructuring plan of Qijiang Gear Transmission Co., Ltd. was approved by the Chongqing Fifth Intermediate People’s Court. This case involved the conversion of bankruptcy liquidation to restructuring for the auto parts manufacturer, fully demonstrating the judiciary’s core role in serving state-owned enterprise reform, stabilizing the industrial ecosystem, and fostering new quality productive forces. It provided another solution for the development of Chongqing’s “3-3-6-18” set of modern manufacturing clusters and offered valuable experience for the restructuring of similar enterprises.

In February 2024, upon application by a creditor, the court formally ruled to place the company into bankruptcy liquidation proceedings and appointed Beijing DeHeng (Chongqing) Law Offices as the administrator to handle the relevant work. The bankruptcy of Qijiang Gear Transmission received significant attention and strong support from the Chongqing State-owned Assets Supervision and Administration Commission and the court. Upon understanding the difficulties facing Qijiang Gear Transmission, DeHeng Chongqing immediately assembled a project team of senior lawyers specializing in Bankruptcy & Restructuring. Party Secretary Chen Hao served as the administrator lead, partner Huang Feng as on-site coordinator, with support from partners Peng Song, Tang Junfeng, Han Ting, and Qiao Yu, lawyers Jia Yong, Ma Chenxing, and Qiu Yue, intern Pan Feiyan, and secretary Zhou Renshu, striving to maximize creditor interests and assist the enterprise in overcoming its difficulties and achieving revival.