In 2005, He Shanxiang, the chairman of Chengfeng Furniture (China) Co., Ltd. (hereinafter referred to as “Shengfeng Furniture”), was arrogant. He said to the media at a high level at the time, “If we only engage in making money, we do not seek product quality. It’s a very unwise short-sighted behavior, and it’s even more unreasonable for short-sighted people. In the end, it will hurt themselves.”
Ironically, Chengfeng Furniture was found by the Fujian Quality Supervision Bureau in 2016 to find out that a batch of coffee table-to-cigarette burning items was unqualified. In 2017, it was exposed by Fuqing City People’s Bureau to allegedly refused to pay the arrears of labor compensation. Major illegal acts.
In the office furniture industry, the company established in the early 1990s, the status can not be underestimated. As one of the largest furniture production bases in China, Chengfeng Furniture is also one of the largest suppliers in the office furniture industry. Its latest introduction shows that the company's total assets are about 3 billion yuan.
Bankruptcy of the largest domestic furniture company: 20 years of hard work, 3 billion assets
More than 20 years of operation is now in vain. According to the announcement of the National Enterprise Bankruptcy Reorganization Case Information Network on August 15, Chengfeng Furniture (China) Co., Ltd. was handed over to the administrator on August 14 for the registration and review of bankruptcy claims, and formally entered the bankruptcy liquidation procedure.
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