Bankruptcy

Frestech Denies Rumors of Bankruptcy Liquidation, Auctions Equities to Reorganize Business

Frestech Denies Rumors of Bankruptcy Liquidation, Auctions Equities to Reorganize Business

China’s embattled refrigerator maker Frestech Xinfei Electric denied rumors of bankruptcy liquidation, saying that its equity auction is part of business reorganization.

Jun 13, 2018
Xu Wei
Frestech Slips into Bankruptcy Liquidation as Foreign Capital Topples Ex-Appliance Giant

Frestech Slips into Bankruptcy Liquidation as Foreign Capital Topples Ex-Appliance Giant

All the equities of Henan Xinfei Electric (Frestech) and its affiliated companies Henan Xinfei Household Appliance and Henan Xinfei Refrigeration…

Jun 12, 2018
Liao Shumin
Xiaoming's 700,000 Depositors May Get Cut of Bankrupt Bike Sharer's Assets

Xiaoming's 700,000 Depositors May Get Cut of Bankrupt Bike Sharer's Assets

Users who have not received their deposits since bike-sharing firm Yueqi Information Technology Co. (Xiaoming Bike) went bankrupt, can…

May 22, 2018
Xu Wei
Bike-Sharer Xiaoming Faces Liquidation Following Court Ruling

Bike-Sharer Xiaoming Faces Liquidation Following Court Ruling

Chinese shared-bike brand Xiaoming faces bankruptcy following a court judgment calling on the firm’s operator to refund all user deposits.

Mar 23, 2018
Xu Wei
Japan Life, Culprit for Pyramid Scams in China, Files for Bankruptcy

Japan Life, Culprit for Pyramid Scams in China, Files for Bankruptcy

Japan Life, a Japanese health product company notorious for pyramid selling of magnetizers and healing mattresses, has filed for bankruptcy…

Dec 28, 2017
Xu Wei
Shenyang Court Grants Huishan Dairy Bankruptcy Reorganization

Shenyang Court Grants Huishan Dairy Bankruptcy Reorganization

Liaoning Shenyang Municipal Intermediate People’s Court accepted the petition for bankruptcy reorganization by the creditors of China Huishan Dairy Holdings…

Dec 5, 2017
Xu Wei
LeEco Founder Jia Yueting Denies He Planned to File for Faraday Future’s Bankruptcy in US

LeEco Founder Jia Yueting Denies He Planned to File for Faraday Future’s Bankruptcy in US

LeEco founder Jia Yueting and Faraday Future China, an automotive company he invested in, denied reports that he intended to…

Oct 30, 2017
Xu Wei
Beijing-Based Car Sharer Ezzy Closes Doors, Users Currently Unable to Get Back Deposits

Beijing-Based Car Sharer Ezzy Closes Doors, Users Currently Unable to Get Back Deposits

Ezzy, a car-sharing platform operating in the Chinese capital announced yesterday that it will shut up shop and users are…

Oct 25, 2017
Tang Shihua
China’s Bike-Sharing Market Is Set to Shrink as Capital Flows Dry Up

China’s Bike-Sharing Market Is Set to Shrink as Capital Flows Dry Up

China’s bicycle-sharing sector has been the subject of significant interest among investors this year, with multiple companies entering the already…

Oct 25, 2017
Tang Shihua
22 Toys “R” Us Stores Open in China as the Firm Files Bankruptcy in North America, Struggles in EU

22 Toys “R” Us Stores Open in China as the Firm Files Bankruptcy in North America, Struggles in EU

Sept. 18 local time, the big box toy retailer Toys “R” Us Inc. has filed for bankruptcy protection in a…

Sep 20, 2017
Liao Shumin
Business Bankruptcy in China Rises 65% as Courts Take On 4,700 Cases in First Half

Business Bankruptcy in China Rises 65% as Courts Take On 4,700 Cases in First Half

China’s courts accepted and heard more than 4,700 commercial bankruptcy cases in the first half of 2017, up 65 percent…

Aug 2, 2017
Shen Weijia
Jincheng Shazhou, Bengang Steel to Invest USD814 Million in Dongbei Special Steel Restructuring

Jincheng Shazhou, Bengang Steel to Invest USD814 Million in Dongbei Special Steel Restructuring

Jincheng Shazhou Equity Investment Co. and Bengang Steel Plates Co. [SZG:000761] plan to invest CNY5.5 billion (USD814 million) in the…

Jul 19, 2017
Jin Yuanjia