US EditionWith debts exceeding 100 billion, China's retail giant Suning Group will go bankrupt and undergo restructuring | Suning Electric
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The news of the Zhang family's three holding companies declaring bankruptcy is just the latest in a thorny situation for Inter's former owners.
The Chinese holding company, owner of the Nerazzurri club until 2024, takes the books to court for bankruptcy
The reorganization applications of three companies including Suning Electric Appliance Group have been accepted by the court. This means that three companies under the once well-known Chinese retail giant Suning Group will enter the bankruptcy reorganization process. It is worth noting that at least three trust companies under the central state-owned enterprises of the Communist Party of China have "stepped on the thunder" of Suning.
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