---
title: "NCGF has been applied for reorganization and pre-reorganization by creditors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232210871.md"
description: "According to the Zhitong Finance APP, NCGF announced that the company received a \"Notice Letter\" delivered by creditor Ling Yun (hereinafter referred to as \"the applicant\"). The applicant applied to the Quanzhou Intermediate People's Court of Fujian Province (hereinafter referred to as \"Quanzhou Intermediate Court\" or \"the Court\") on March 17, 2025, for the company to undergo reorganization and pre-reorganization, citing the reasons that the company cannot repay its due debts and is obviously lacking in repayment ability, but has reorganization value"
datetime: "2025-03-18T08:49:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232210871.md)
  - [en](https://longbridge.com/en/news/232210871.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232210871.md)
---

# NCGF has been applied for reorganization and pre-reorganization by creditors

According to the Zhitong Finance APP, NCGF (300198.SZ) announced that the company received a "Notice Letter" delivered by creditor Ling Yun (hereinafter referred to as "the applicant"). The applicant applied to the Quanzhou Intermediate People's Court of Fujian Province (hereinafter referred to as "Quanzhou Intermediate Court" or "the Court") on March 17, 2025, for the company to undergo reorganization and pre-reorganization, citing the reasons that the company cannot repay its due debts and is obviously lacking in repayment ability, but has reorganization value

### Related Stocks

- [300198.CN](https://longbridge.com/en/quote/300198.CN.md)

## Related News & Research

- [Quanzhou Huixin Micro-credit unlocks RMB53 million from sale of Three-Circle stake](https://longbridge.com/en/news/289487620.md)
- [Here’s how wages have grown in every state over 10 years](https://longbridge.com/en/news/289588648.md)
- [Quanzhou Huixin Micro-credit Sets 2025 Final Dividend and Outlines Tax Treatment for H Shareholders](https://longbridge.com/en/news/289486722.md)
- [Hillary Clinton Trolls Donald Trump's Inflation Remark With A Cutting Historical Question](https://longbridge.com/en/news/289561686.md)
- [With the World Cup looming, there’s still no clear replacement for sports Twitter](https://longbridge.com/en/news/289483428.md)