Yesterday, 360 workers from the aluminum processing plant in Guangzhou took over the placement fees from the judges. This placement fee is derived from the overall auction of the company. As a result, the Guangzhou Municipal Intermediate People's Court declared for the first time the implementation of the “live seal†implementation adopted by insolvent enterprises. The so-called "living seal" means that the court allows the executed enterprise to use assets including funds, inventory, etc. within the normal production scope. The “live seal†of the Guangzhou Aluminum Processing Plant was one of the ten major projects during the “7th Five-Year Plan†period in Guangzhou. The plant is the largest aluminum sheet and coil production plant in South China and the largest production base for composite aluminum plate evaporators for refrigerators and freezers. Since 1993, the Guangzhou aluminum processing plant has been listed as one of the government's major support for the transformation of enterprises, and it has borrowed about 450 million yuan from banks through mortgages. Although the plant has high production capacity, its profit is not enough to pay off its loans and interest, resulting in increasingly heavy debt. Later, its creditor China Xinda Asset Management Co., Ltd. Guangzhou Office filed a lawsuit with the Guangzhou Intermediate People's Court, and after the verdict, it applied to the court for enforcement. The application for the implementation of the target was 78.14 million yuan. During the implementation period, the factory representative meeting of the factory made a request to the Executive Office of the Guangzhou Intermediate People's Court: the court was agreed to auction the factory and deal with the historical burden once and for all. However, it requested to take the form of non-stop production and auction of the entire assets and implement it. Staff placement issues. Given that the plant still has profitability, in order to avoid affecting its normal production, the Guangzhou City Intermediate People’s Court conducted a “live seal†of the plant. In the end, the assets of the Guangzhou Aluminum Processing Plant were generally acquired by Guangdong Guanghong International Trading Group with a total amount of 81.19 million yuan. Among the employees of the factory, 276 people were absorbed into the manufacturers of the buyers. All the parties involved in the case, including the person to be executed, were quite satisfied with the results.