Xinhua Medical Reorganization meets Lao Lai: Both sides are in court
After a wave of unrest, Xinhua Medical filed a lawsuit against the court for reorganizing the promised party, and the incident also made the company more concerned by market investors. According to a notice released by Xinhua Medical on June 17th regarding the progress of 2016 annual performance compensation, 9 natural persons such as Quyong were not on time before the compensation time stipulated in the Profit Compensation Agreement, that is, before June 1, 2017. Fulfilling 2016 annual performance compensation obligations. Xinhua Medical's restructuring of its unrealized performance compensation obligations also attracted the attention of the regulatory authorities. Xinhua Medical said in its response letter to the Shanghai Stock Exchange that the company had filed a lawsuit with the court on June 2, 2017 for the recovery of 2016 annual performance compensation. When it comes to the court, Xinhua Medical seems to be forced to help. In response to the unfulfilled performance compensation commitments in 2016, the performance pledge party explained in response to the Shanghai Stock Exchange's regulatory letter that “in recent years, due to the completion of the new GMP certification, pharmaceutical company drug consistency evaluation and restrictions on the use of antibiotics and other comprehensive factors. The impact of Chengdu Yingde's performance and forecast value is quite large, which is beyond the forecast range of the performance promiser. At the same time, due to the large fluctuations in the stock market in recent years, Xinhua Medical held by 8 natural persons such as Quyong The market value of the shares has shrunk greatly. Due to personal financial resources, it is beyond the scope of personal compensation to repay the performance compensation to Xinhua Medical." Shandong Xinhua Medical Equipment Co., Ltd. In this regard, Wang Deyi, a lawyer of Beijing Xunzhen Law Firm, said in an interview that in the case of a commitment to performance, the promisee should abide by the spirit of the contract and fulfill performance compensation obligations; as far as the objective situation exceeds its forecast range, the law It is difficult to form a reasonable defense. Wang Deyi also admitted that the concept of whether to pay compensation and whether or not to pay compensation is two concepts. If the court's judgment obligation is not fulfilled, it will be subject to sanctions by the court. However, if there are not many properties available to the court after the natural persons lose, there is still a certain implementation risk. Medical Equipment Medical Equipment,Irrigation Pump,Stainless Steel Sterilization Cases,Sterilization Basket Box ZHEJIANG SHENDASIAO MEDICAL INSTRUMENT CO.,LTD. , https://www.shendasiaomed.com