Yonghui Supermarket shares in the company to apply for bankruptcy liquidation. What does this mean?

Yonghui Supermarket's shareholding company applies for bankruptcy liquidation. The name of this enterprise is Shangyu Yonghui. With the bankruptcy and liquidation of vegetable Yonghui, Yonghui Supermarket left a burden. I will give a detailed answer from the following points.

1. What is this news event?

There is a news about Yonghui Supermarket recently. Did you mention that the company named Shangshu Yonghui, the direct shareholder of Yonghui Supermarket, is applying for bankruptcy liquidation, and the reason for applying for bankruptcy liquidation is that Shangshu Yonghui is unable to pay off due debts and obviously lacks solvency? At present, it is revealed that Shangyu Yonghui will have about 700 employees by 2020. At the same time, due to the arrears of wages of several employees and the arrears of payment to suppliers, many lawsuits have been triggered. At present, Shangyu Yonghui has owed as much as 800 million yuan and is unable to repay it. This news triggered a heated discussion among netizens, because our daily life can't be separated from Yonghui Supermarket, and we often go here to buy things. Many people doubt whether Yonghui Supermarket is going to run away. In fact, this is a concern of netizens.

2. What does it mean for Shangyu Yonghui to apply for bankruptcy liquidation?

First of all, Shangshui Yonghui filed for bankruptcy liquidation, which means that a large number of employees will face the dilemma of unemployment, and related suppliers cooperating with Shangshui Yonghui will also suffer losses to varying degrees. As for Yonghui Supermarket's direct shareholding in Shangyu Yonghui, Yonghui Supermarket does not directly control Shangyu Yonghui, but only invests as the second largest shareholder of Shangyu Yonghui. For an enterprise applying for bankruptcy liquidation, Yonghui Supermarket has left a burden, which is a good thing in the long run.

What's my personal opinion about this incident?

I think the development of Shangyu Yonghui is a bit too radical, and the corresponding enterprise management and risk control have not been done well on the road of development, which has led to such a hasty end. For filing for bankruptcy liquidation, it also means that many people will face serious losses. What do you think of your friend? Welcome to leave a message in the comments section.