Bankruptcy Reorganization

——The largest bankruptcy and reorganization project of Chinese costal shipping company in recent years

In May 2017, Ebridge capital as the reorganization manager invested 540 million yuan and restructured the company by upgrading fleet structure, stabilizing employees and improving the management system. In July 2017, the delivery was completed smoothly and the company backed on track.

A stated-owned listed company decided to focus on its main business (non shipping business), so its shipping subsidiary-T company which has to be divested,  considering T company is well-maintained fleet and had a good reputation. The company’s management hoped to obtain the ownership from its mother company to retain its business team and continue the firm relationship between customers. After a full preparatory work, Ebridge capital not only provided several services for T company including bridge funds, M&A loans, equity investment, and asset (real estate and ship) bank mortgages, but prepared three comprehensive solutions for T company. With assistance of Ebridge Capital, T company achieved its anticipated target.

Z Company is a new energy company listed on the main board in China and decided to build an advanced wind turbine installation vessel in 2017 when the offshore wind power industry was in a very early stage. It was hard to seek finance for the vessel because that was an unfamiliar field for the traditional finance leasing company. Ebridge Capital provided an innovative solution which is joint leasing model combining a local financial leasing company and a commercial leasing company with an industrial background, and the model was successfully launched.

H company was the top 3 company in capacity scale in Chinese costal LPG transportation with experienced management and good reputation. Chinese costal LPG transportation is highly controlled by the Ministry of Transportation, therefore LPG companies develop moderately with a relatively stable income and high entry barrier. Shareholders of H company wanted to exit the company share due to personal reasons, therefore Ebridge Capital took the opportunity and successfully acquired the company with original business personnel and safety management personnel remained. Ebridge Capital not just acquired a high-quality company, but also acquired an experienced team and a ticket to domestic LPG market.

Ebridge arranged a three-year bareboat chartering between a Chinese state-owned charterer and a large state-owned leasing company who purchasing assets from a US based list company. To minimize the buyer's investment risk, Ebridge initiated a "floor and profit share" model which achieved a triple win result.

Ebridge invested a company who purchased an offshore deck cargo ship from a Singapore institution, that equipped advanced technology and efficient equipment. Ebridge would keep assisting the company to explore more areas including offshore wind power construction from just offshore transportation area.