Did Longjitai and the reorganization succeed?

Longjitai and the reorganization have not been successful and are still in progress.

On July 26, 2023, Longji Taihe, once the "first brother of Baoding Real Estate", announced the news of judicial reorganization to the outside world through an "open letter", saying that the company had a liquidity crisis due to the epidemic and the downturn of the real estate industry, and recently applied to the court to solve the problem through judicial reorganization. According to the announcement of Gaobeidian People's Court, the case of Longjitai and reorganization was decided on July 25th.

In the Open Letter, Longji Taihe said that the reorganization was a prudent and difficult decision. In the early stage of the liquidity crisis, the company tried various ways to save itself, but some houses were still not delivered to the owners in time, and there were still debts that could not be repaid in time. Therefore, it is hoped that through judicial reorganization, obstacles and constraints will be removed and the project construction will be effectively promoted.

Longji Taihe's Corporate Values and Internal Mechanism

Enterprise values: build a new socialist city and new countryside, strive to make people live and work in peace and contentment, improve people's livelihood and promote the construction of a harmonious society. Longji Taihe actively participates in the development and economic construction of the city, and strives to build social welfare undertakings with "heart, affection and love" to repay the society and strive to build quality projects.

Internal mechanism: Longji Taihe pays attention to talent development and echelon construction, pays attention to employees' career growth, establishes a good internal competition mechanism, builds a broad career development platform and provides good training and learning opportunities. Gradually formed the employment concept of "those who are capable are superior, those who are equal are inferior, and those who are mediocre are inferior", formed a good atmosphere of internal competition, mutual assistance and learning exchange, attracted a large number of people of insight to join, injected new blood into the enterprise and promoted its development.

Reference to the above content: Baidu Encyclopedia-Longji Taihe Group Co., Ltd.