Re: Qun Kang has been suspended for three years to resume production.
group Kang commissioned a company in Zibo to produce cold drink products. In September 5, 2016, the Ji'nan intermediate people's court adjudication accepted the bankruptcy liquidation application of the two companies. As the case involves local well-known enterprises, creditors have more than 840 households, and debt totaling more than 8.2 billion yuan, which has attracted much attention. In order to rejuvenate the enterprise, the director of the Ji'nan intermediate people's court made detailed explanations and persuasion to the creditors. In September 29, 2017, the Ji'nan central academy held the second creditor meeting of the bankruptcy liquidation case of Ji'nan Qun Kang Food Co., Ji'nan Qun Kang Industrial Co., Ltd., adjudication of the merger and liquidation of Qun Kang food company and Qun Kang Industrial Company, and agreed to reconcile the two enterprises with the creditors. The successful closure of the creditors' meeting marks the success of the first case of the debtor's application to enter into a consolidated liquidation procedure in Ji'nan, and has achieved significant stage results. According to the main settlement plan, 75% of the total sum of principal and interest was reimbursement to each creditor, and 90% creditors agreed on the same day. This gives the group a chance to breathe.