On July 4, Qiangguo Law Firm, represented two suppliers to file suning's bankruptcy liquidation application to the Nanjing Intermediate People's Court of Jiangsu province PRC, which caused a great stir. The incident attracted wide attention from the media and topped the top 10 hot searches.
Affected by the news, Suning's share price fell by the daily limit on the same day, equally 5%! and Suning quickly contacted suppliers to emergency talk. Thereafter negotiation Suning took the initiative to fulfill all the debts, the supplier agreed to withdraw the application.
This is the first case of Suning Tesco bankruptcy review, although the market before many rumors of Suning bankruptcy, but mostly for the grapevine news, and as a formal judicial procedure, this is the first case.
After receiving the payment, the supplier expressed his gratitude to Qiangguo Law Firm for his effective work. But for this firm, there are still more similar cases to be resolved.