BESTEK plans to apply to the court for the bankruptcy liquidation of its subsidiary Suzhou Com. as a creditor
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According to the Zhitong Finance APP, BESTEK announced that its holding subsidiary Suzhou KeMu Electric Co., Ltd. ("Suzhou KeMu") is unable to pay off all its debts due to insufficient assets and a clear lack of repayment ability. The company intends to apply to the court for the bankruptcy liquidation of Suzhou KeMu as a creditor
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