Aug 05, 2021 09:32 PM (GMT+8) · EqualOcean
*St lion announced that Shanghai TAIDING Automotive Engineering Technology Co., Ltd. ("Shanghai TAIDING"), the holding subsidiary of the company, recently received the civil ruling of the third intermediate people's Court of Shanghai, because Shanghai TAIDING failed to fulfill its payment obligations on time in the labor dispute with Zhu Meng, and Shanghai TAIDING had no other property to enforce, Shanghai No. 3 intermediate people's court found that Shanghai TAIDING obviously lacked solvency and ruled to accept Zhu Meng's application for bankruptcy liquidation of Shanghai TAIDING.