Suning Tesco arrears to small and medium-sized enterprises The latest release of the Zhongcheng Institute of Important Cases Center, on February 2, 2024, ST Tesco's share price fell again, interpreting the truth of Suning's so-called performance improvement.
In the past two years, the center has continued to track a series of cases of Suning's Tesco default and arrears of small, medium and micro enterprises: on September 13, 2023, the first phase of the case demonstration meeting was held, which facilitated the collection of nearly 20 million yuan; On July 4, 2022, the center assisted ** merchants to apply to the court for the bankruptcy liquidation of Suning Tesco for the first time, prompting Suning to repay the loan quickly; On 28 September 2022, the Center assisted ** merchants to apply to the China Securities Regulatory Commission and the Shenzhen Stock Exchange for compulsory delisting of Suning.com for the first time. In the second half of 2023, since the Nanjing Intermediate People's Court concentrated on Suning Tesco, the center has always assisted the first business to promote the speedy trial and judgment of the case.
Although Suning Tesco has repeatedly claimed that its performance has improved, Jiangsu Province and Nanjing City have also shown unprecedented stability maintenance efforts in the Suning case, and even dispatched police forces to invite the best businessmen who defend their rights on the scene to drink coffee. However, Suning's business situation has not improved, and it is still unable to fulfill the repayment obligations determined by the effective judgment of the court, which meets the statutory conditions for bankruptcy liquidation. No matter how whitewashed, the basic role played by the market in the allocation of resources can not be concealed, recently Suning ** hit a new low in 16 years, and today it is the limit again, the worst in history. This is the harshest response to the untrustworthy and the loudest alarm to administrative failures and judicial failures. (Zhongcheng Yuan Important Case Center).