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Kiekert files for insolvency after Chinese shareholder Lingyun cuts funding
Multiple media sources reported that Kiekert AG has filed for insolvency after its Chinese parent company, North Lingyun Industrial Group Co., Ltd. (Lingyun), cut off funding and failed to meet financial obligations amounting to hundreds of millions of euros.
The shareholder, affected by US sanctions policy, has deni....
The shareholder, affected by US sanctions policy, has deni....
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