February 19，Interbank bond market，Sanya Phoenix International Airport Co., Ltd. (Phoenix Airport 188bet online live casino) Announcement，February 10, 2021，The 188bet online live casino received the (2021) Qiongpo Shen No. 51 "Civil Ruling" and (2021) Qiongpo No. 51 "Decision" served by the Hainan Provincial Higher People's Court (Hainan Provincial High Court)。According to the "Civil Ruling"、《Decision Letter》，Hainan Provincial High Court ruled to accept the creditor’s bankruptcy reorganization application against the 188bet online live casino，And designate HNA Group’s liquidation team as the administrator，Carry out various reorganization work in detail。

According to introduction，Phoenix Airport 188bet online live casino issued an indicative announcement on creditors’ application for 188bet online live casino reorganization on January 30, 2021，Announcement of matters related to creditors’ application for reorganization of the 188bet online live casino。

According to the "Civil Ruling" and "Decision"，Hainan Provincial High Court believes，Phoenix Airport cannot pay off its debts as they mature and clearly lacks solvency，Meet the conditions for reorganization acceptance。In accordance with Article 2 of the "Enterprise Bankruptcy Law"、Article 7, Paragraph 2、Article 70, Paragraph 1、Article 71、《Supreme People’s Court on Application<Enterprise Bankruptcy Law of the People's Republic of ChinaProvisions on Certain Issues (1)》Article 6，Ruling to accept the creditor’s application for bankruptcy reorganization of the 188bet online live casino。The ruling will take effect from now on。

According to the (2021) Qiongpo Announcement No. 44-64 issued by the Hainan Provincial High Court，The 188bet online live casino’s creditors should declare their claims to the administrator before March 31, 2021。The first creditors meeting of the Phoenix Airport 188bet online live casino reorganization case will be held online at 9:00 am on April 13, 2021 at the National Enterprise Bankruptcy Reorganization Case Information Network of the Supreme People's Court。Creditors who declare their claims in accordance with the law are members of the creditors meeting，Right to attend creditors’ meeting。

Phoenix Airport 188bet online live casino said，The 188bet online live casino will actively carry out bankruptcy and reorganization related work,And perform the debtor’s legal obligations in accordance with the law，If the 188bet online live casino successfully implements reorganization and completes the reorganization plan,Will help solve liquidity problems，Optimize the asset and liability structure，Resolving debt risks，Improve the 188bet online live casino’s sustainable operating capabilities and profitability。The 188bet online live casino will actively cooperate with the court and the administrator to carry out relevant reorganization work，Actively do a good job in daily operation and management，And will strictly follow the relevant regulations on corporate bond issuance and duration management，In time、Accurate、Complete fulfillment of disclosure obligations，To safeguard the legitimate rights and interests of bondholders。Due to the restructuring process taking a period of time，There is uncertainty about whether the 188bet online live casino can successfully reorganize，And there is a cause.The risk of being declared bankrupt by the court if reorganization fails，Investors please pay close attention and be aware of investment risks。

Tianyancha APP display，Phoenix Airport 188bet online live casino was established on August 27, 1993，Formerly known as Sanya Phoenix International Airport Corporation，Registered address: Phoenix International Airport, Fenghuang Road, Sanya City, Hainan Province，Legal representative Li Lingtong，Current registered capital 576992.72.76 million yuan，Hainan Airport Holding (Group) Co., Ltd. accounts for 56.33%，Hainan Airport Group Co., Ltd. accounts for 18.19%，Shenzhen Pingan Huitong Investment Management Co., Ltd. accounts for 25.06%，Hainan Haijian Modern Industrial Development Co., Ltd. accounts for 0.35%，CDB Development Fund Co., Ltd. accounts for 0.08%。

*thisWen LaiSource: Upstream News, Author: Liu Yong, Original Title: "Sanya Phoenix International Airport 188bet online live casino was ruled bankrupt and reorganized by the court》.