Longjitai, a former top 100 real estate company, issued an open letter on its official WeChat account, announcing that it has entered into judicial reorganization. Longji Taihe said that due to the impact of the epidemic and the downturn of the real estate industry, the company experienced a liquidity crisis and applied to the court for reorganization. Longjitaihe will still operate normally after entering the judicial reorganization process. Owners who have purchased properties related to each project company but have not yet delivered the property, and entities that have signed other agreements with the project company, will still enjoy their rights in accordance with the original agreements signed with the project company. During the reorganization period, the company will continue to make every effort to promote the resumption of work and reconstruction of the project to smoothly deliver properties to owners and pay off debts to creditors as soon as possible. What do you think about this? Feel free to share it in the comment area!