---
title: "NCGF plans to publicly recruit restructuring investors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233119584.md"
description: "NCGF announced that it will publicly recruit restructuring investors to address its pre-restructuring procedures. The Quanzhou Intermediate People's Court has designated the liquidation team of Fujian NCGF Pipe Technology Co., Ltd. as the temporary administrator. This recruitment aims to attract strong investors to provide funding and resources to support NCGF's operational recovery and business development, ensure the smooth progress of the restructuring work, and maximize the interests of all parties involved"
datetime: "2025-03-25T12:28:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233119584.md)
  - [en](https://longbridge.com/en/news/233119584.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233119584.md)
---

# NCGF plans to publicly recruit restructuring investors

According to the announcement from NCGF (300198.SZ), on March 19, 2025, the Quanzhou Intermediate People's Court decided to initiate pre-reorganization for NCGF and appointed the liquidation team of Fujian NCGF Pipe Technology Co., Ltd. as the temporary administrator for NCGF's pre-reorganization.

In accordance with the "Enterprise Bankruptcy Law of the People's Republic of China" and the "Minutes of the Symposium on Effectively Handling Bankruptcy Reorganization Cases of Listed Companies" issued by the Supreme People's Court and the China Securities Regulatory Commission, as well as the "Guidelines for the Supervision of Listed Companies No. 11 - Matters Related to Bankruptcy Reorganization of Listed Companies" by the China Securities Regulatory Commission, the "Self-Regulatory Guidelines for Listed Companies No. 14 - Bankruptcy Reorganization and Other Matters (2025 Revision)" by the Shenzhen Stock Exchange, and the "Guidelines for Pre-Reorganization Cases of the Quanzhou Intermediate People's Court (Trial)" and other relevant regulations, the recruitment and selection of reorganization investors for NCGF will be conducted publicly based on the principles of rule of law and marketization.

The purpose of this recruitment is to introduce capable reorganization investors to provide incremental funds and resources, comprehensively empower NCGF in terms of financial support, operational recovery, and business development, ensure the smooth progress of NCGF's pre-reorganization and reorganization work, assist NCGF in stabilizing and resolving operational and debt crises, effectively improve operational capabilities, and strive to maximize the interests of creditors, minority shareholders, and other parties

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