In recent years, Goldin Financial, which has repeatedly reported negative news such as financial difficulties, had its chairman Pan Sutong filed for bankruptcy earlier.
The Bank of China Shenzhen Branch also filed a petition with the High Court yesterday (26th), requesting that Pan Sutong be ordered to go bankrupt.
According to the website of the Judiciary, the case is scheduled for hearing on August 2 this year.
The petitioner is Bank of China Co., Ltd. Shenzhen Branch, and the respondent is Pan Sutong.
Pan Sutong has been involved in many money and debt lawsuits in recent years. In November and December last year, he was successively filed for bankruptcy by China CITIC Bank and Xinhua Finance Co., Ltd.
Pan applied to revoke the petition on the grounds that Xinhua Finance abused the procedure.
The judge adjourned the decision after hearing arguments earlier.
Case No.: HCB2799/2022
Goldin Financial Chairman Pan Sutong was sued for 810 million yuan as a guarantor for another financial dispute. Goldin Financial Chairman Pan Sutong was filed for bankruptcy by another creditor. He will be heard in February next year. Goldin Financial Chairman Pan Sutong was filed for bankruptcy by CITIC. In January next year, the High Court heard the termination of the agreement after receiving 2 billion orders. Goldin Financial-related companies were accused of breach of contract and were sued by buyers.
