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Get QuoteA creditor of Kangmei Pharmaceutical Co.(600518.SH) filed suit seeking bankruptcy restructuring of the scandal-plagued drugmaker as the company posted a massive annual loss of 27.7 billion yuan ($4.3 billion). Guangdong Jiedong Rural Commercial Bank sued Kangmei in a local court April 22, Guangdong-based Kangmei said in a filing Tuesday as it …
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Get QuoteKangmei Pharmaceutical Co., Ltd ... Jiedong Rural Commercial Bank, one of Kangmei's creditors, sued the company for bankruptcy following huge losses in 2020. On 12 November 2021, Guangzhou Intermediate People's Court ordered Kangmei to compensate investors for losses of ¥2.459 billion.
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