Peninsula real estate issued a notice: all staff will be on duty for 6 months. What happened to Peninsula Real Estate?

Recently, Peninsula Real Estate announced a "Notice on Waiting for All Staff". According to the notice, due to the epidemic situation in COVID-19 and the environmental hazards in the real estate industry in recent years, the company has encountered serious difficulties in production and operation. Although the company is looking forward to the research and development of Peninsula Land Phase V, the related procedures of Peninsula Land Phase V can not be handled so far due to the unresolved issues of Shenzhen public and government agencies, which leads to the company's inability to operate again.

According to the circular, Peninsula Real Estate and its subsidiary Shenzhen Peninsula City State Real Estate Co., Ltd. have fallen into financial risks at this stage and have no ability to continue to operate. According to the scientific research decision of Peninsula Real Estate, starting from June 1 2022, all the staff of Shenzhen Peninsula State Real Estate Development Co., Ltd. and its subsidiary Shenzhen Peninsula State Real Estate Co., Ltd. will be on duty for 6 months. If the company still can't operate smoothly after 5 months, it will be appropriately increased.

During the waiting period, the company will pay the waiting salary according to the regulations; During the waiting period, if necessary at work, the company will gradually inform employees to return to their posts. When waiting for work, you need to go through relevant procedures, and the Peninsula Real Estate Development Center will undertake the implementation and enforcement. Employees are not allowed to leave their posts before going through the formalities and applying.

According to the published information, Peninsula Real Estate Co., Ltd., alias Shenzhen Peninsula City State Real Estate Development Co., Ltd., was established on April 28, 20 1999, and its legal representative is Liu Rong, with a registered capital of1100000 yuan, and its business scope is K708-5 plot in Nanshan District, Shenzhen. The company is owned by Liuwan Investment Co., Ltd. 8 1.8 182%, Shenzhen Yitian Group Co., Ltd. 9.0909%, Liuwan Development (BVI) Co., Ltd. 4.5455% and Shenzhen Xingpengtai Investment Co., Ltd. 4.5455%. What do you think at this moment? Welcome to leave a message in the comments section.