Wuxi Yongzhong Technology Co., Ltd. went bankrupt and liquidated.

Creditors forced debts to bankrupt former Yongzhong Technology.

20 1 1 At the beginning of April, a company that once challenged Microsoft's dominance in the Office field was forced to go bankrupt and liquidate by its creditors because of poor management after receiving tens of millions of dollars of scientific and technological investment from the state and its products were expected to enter the "nuclear high-tech" project.

According to the data, Yongzhong Technology was registered in Wuxi Industrial and Commercial Bureau on June 24, 2000. It is a company specializing in office software development. According to the joint venture agreement signed by wuxi new district Economic Development Group Company and EvermoreSoftware Company of the United States. Inc (Yongzhong Technology Co., Ltd.) is a joint venture between foreign-funded shares and state-owned shares, with a registered capital of 3.9 million US dollars and an investment of 6 million US dollars.

The sales performance provided by Cao Can, former vice chairman and general manager of Yongzhong Technology, shows that after the sales of Yongzhong Technology surged to 207 1 10,000 yuan in 2005, it fell to 8.88 million yuan in 2006, 5.49 million yuan in 2007 and 610.3 million yuan in 2008. Cao said that among the sales in 2008, 2.436 million yuan was the sales money that was owed by a provincial education department for about two years. After deduction, only 3.69 million yuan was left, and the sales volume was not as good as that in 2007, making it difficult to operate.

According to the civil ruling of Wuxi People's Court (20 10) No.008-1,Yongzhong Technology has been leasing some houses of Wuxi Hi-tech Venture Development Co., Ltd. (hereinafter referred to as Wuxi Kechuang) located in No.7 Science and Technology Park, Changjiang Road, wuxi new district. On October 8, 2065438+001kloc-0, Yongzhong Technology sealed a summary of arrears issued by Wuxi Kechuang, confirming that it owed Wuxi Kechuang a total of 2.49 million yuan in rent, property fees and utilities in 2008 and 2009. In June of the same year, 5438+ 10, the debt increased to 2.9 million yuan.

20 10 12.7, Yongzhong Technology was sued by Wuxi Kechuang for bankruptcy liquidation because it failed to pay off the related expenses in time and was insolvent. The court held that Wuxi Kechuang had the right to request the bankruptcy liquidation of Yongzhong Technology. Yongzhong Technology made no objection to the bankruptcy liquidation application and decided to accept the bankruptcy application, and appointed Wuxi Haotian Economic Information Consulting Co., Ltd. as the bankruptcy administrator of Yongzhong Technology, responsible for cleaning up the creditor's rights and debts of Yongzhong Technology.

The reason for the reorganization was explained as serious economic difficulties. Fang Cunhao said that Yongzhong Technology has been operating poorly since its establishment, and it relies entirely on state funding to make a living. Ji Kejian, director of the wuxi new district Management Committee, said, "Seven years of practice have proved that Cao Can cannot bring Yongzhong to success." Fang Cunhao's written explanation shows that Yongzhong Technology did not pay wages for several months in the second half of 2009, resulting in a large number of staff turnover.

On June 27th, 2009, 10, the former Yongzhong Technology held an interim resolution of the board of directors to decide whether to approve Yongzhong (for example, 10,000 yuan) and Chinese (or third party) capital to form a new company. The new company will fully take over the staff team and be responsible for paying10' s salary and subsequent remuneration. As one of the conditions, Yongzhong agreed to grant the new company the right to use the existing intellectual property rights ... "Three China shareholders, including Fang Cunhao, voted in favor, while two foreign shareholders, including Cao Can, voted against it.

20 10, 10, the former Yongzhong Technology was sued by Wuxi Kechuang for bankruptcy liquidation because it failed to pay off the rent, property fees and utilities in time. Peng Guoshun, a judge of Wuxi Intermediate People's Court, told reporters that the fate of Yongzhong Technology will be decided after the creditors' meeting.

2011May 10, Wuxi Intermediate People's Court issued a ruling today, ruling that Yongzhong Technology Company went bankrupt.

According to the ruling, Yongzhong Technology's net assets up to now are negative 6.5438+0007 million yuan, and the court holds that Yongzhong Technology meets the bankruptcy conditions of "unable to pay off due debts and assets are not enough to pay off all debts". In view of the objection raised by some creditors that the intangible assets of Yongzhong Technology are too low, the court held that even if the objection is established, the company will go bankrupt.

According to the ruling, Cao Can and other four people are neither creditors nor investors who contributed more than one tenth of the registered capital, so they did not apply for bankruptcy reorganization, and the relevant bankruptcy reorganization was rejected.

2065438+01On June 24th, news broke out on websites such as Sina and Netease Technology. "Regarding the special fund for 20 10" Nuclear High Foundation ",the relevant government departments issued replies to a number of enterprises last week, and the specific funds should be allocated this week. Although the enterprises involved have not been officially disclosed, according to the list of enterprises in the basic software field successfully selected for the "Nuclear High Foundation" project in 20 10, the winning software, Zhongke Hongqi, Dream Database, Jinshan Office Software, Yongzhong Software and Kingdee Software are all on the list. " It can be seen that Yongzhong Technology, the shareholder company of Yongzhong Software, went bankrupt, but it did not bring any bad influence to Yongzhong Software. On the contrary, on the basis of taking Yongzhong office as the core of office software, Yongzhong software has opened up a new sales sky with the newly developed products and markets such as Yongzhong network office, mobile office, tablet office and science and education star.