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Lifan shareholder applies for judicial reorganization
On August 7, Lifan Industry (Group) Co., Ltd. (Lifan) announced that its controlling shareholder Chongqing Lifan Holding Co., Ltd. (Lifan Holding) applied to the court for a judicial reorganization. Lifan Holding made the application due to its inability to pay due liabilities as well as the insufficiency of its asse....
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