Automotive Dec 24, 2020 08:23 PM (GMT+8) · EqualOcean
St Kedi announced that the company received the civil ruling of Shangqiu intermediate people's court forwarded by Kedi group, the controlling shareholder. Wei Junping, the creditor of Kedi group, submitted an application for bankruptcy reorganization on the grounds that "the assets of Kedi group are not enough to pay off all debts", "obviously lack of solvency", "still have restructuring value". Shangqiu intermediate people's court accepted Wei Junping's application and made a civil ruling.