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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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.