Yinge Restructuring Investor Drive Picks Up Speed, with Global Pulp, Paper and Packaging Leaders Expected to Join

Investor recruitment sits at the heart of Henan Yinge Investment's restructuring, and the Municipal Bureau of Commerce has made it a priority. Acting on the city's unified deployment, the bureau launched the relevant work without delay and has already delivered visible results.

1. A dedicated task force was formed quickly. Immediately after the meeting on advancing Yinge's bankruptcy restructuring, the bureau held internal discussions and set up a task force headed by Xiang Li, member of the bureau's Party Leadership Group and director of the Municipal Investment Promotion Center. The team studied and drafted the Work Plan for Investment Promotion of the Henan Yinge Investment Restructuring Project, designated the lead unit for each item, set clear tasks and deadlines, and screened and compiled a List of Key Enterprises for Contact — solid groundwork that keeps investor recruitment moving smoothly.
2. Special meetings were convened promptly. The 7th weekly investment promotion meeting was held, with matters concerning the Henan Yinge investment restructuring taken up as a dedicated topic. Following instructions from Minister Yu, a project-specific investment promotion meeting then brought together relevant officials from the Municipal Industry and Information Technology Bureau, Yancheng District and Dacheng Law Firm, where the investment plan, the promotional PPT and the future development layout of the Luoxi Yinge Paper Industry Town were finalized. The PPT is built around four sections — the Yinge brand, affiliated enterprises, investment highlights and future outlook — so the materials carry genuine highlights, selling points and prospects, boosting the project's appeal and the foundation for investment promotion.
3. Outreach to target enterprises moved ahead. First, targeted publicity and mobilization. Building on the enterprises that had already registered, shortlisted recruitment targets chosen through multiple channels were approached on a point-to-point basis. The Municipal Bureau of Commerce contacted senior executives of leading players — a Fortune Global 500 company and Asia's largest papermaking enterprise, China Top 500 Manufacturing enterprise Zhejiang Great Shengda Packaging Co., Ltd., and listed company Shanghai Pulisheng Packaging Co., Ltd. — and forwarded the recruitment announcement. Linying County and Shaoling District were arranged to mobilize Hengan Group and Shanying Group respectively to take an active part, while investment managers were encouraged to reach out to Vinda International, C&S Paper and 13 other enterprises, with the announcement released in a unified manner. Second, "inviting in" and "going out" in parallel. Singapore's Royal Golden Eagle (RGE), a multinational, was invited to Luohe for inspection and cooperation talks, strengthening its confidence in taking part in the Yinge investment restructuring. City leaders were also requested to carry out a dedicated investment promotion drive for the Yinge restructuring project in southeastern Fujian, with key visits to Fortune Global 500 company Xiamen C&D Group and Xiamen Hoshine Packaging Co., Ltd., China's largest listed color-printing and packaging company, to discuss the Yinge investment restructuring and present the development plan for the Luohe Paper Industry Town. Senior executives of both companies made clear they will lead delegations to Luohe for on-site inspection and detailed cooperation talks in the near future.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-378235.html