Aerospace Group has confirmed its partnership with ZY. Not only have they dispatched personnel to manage ZY's assets, but they have also established an SPV (Special Purpose Vehicle) to strip away ZY's debts and implemented a debt-to-equity swap, successfully bringing local banks into the debt restructuring process.
This intervention by a state-owned enterprise restored the confidence of original investors and suppliers in ZY. Instead of continuing to hound the company for debt, they began actively purchasing SPV shares to help shoulder the burden, all in an effort to curry favor with the state-owned enterprise.
With the backing of a state-owned firm, ZY’s external environment quickly stabilized. Once their technical team received the capital injection, they focused on their collaborative projects while simultaneously addressing outstanding client needs and complaints.
Chapter 325