On July 22, Shengtai Group Co., Ltd. issued a statement that the real situation of the Shengtai Group judicial reforming procedure initiated on July 20th is as follows:
This judicial reorganization, taking Shengtai Group's own management of property and business affairs business model, the government attaches great importance to and issued clear management requirements: "production can not stop, the team can not be scattered, the market can not be lost."
In response to the government's request, Shengtai Group stated in the statement that the purpose of initiating the judicial reform process is clear, that is, to achieve the rebirth of Shengtai Group. The asset manager and Shengtai Group will be implemented in an unbiased manner to ensure that the current production and operation are maintained and carried out normally.
According to the person in charge of Shengtai Group told China Rubber Network, the company has already sent a letter to the major distributors. On July 25th, the asset manager, Shengtai Group and the People's Court will hold a meeting to stabilize the current sales model and sales policy, in line with the contract. The rebate policy and the Three Guarantees policy must be honored to regain market confidence. Firmly cooperate with Shengtai Group and firmly believe that Shengtai Group will definitely get out of the woods.
Shengtai Group promises: will continue to adhere to the "quality first" principle, "sincere cooperation, integrity management" market philosophy, follow and continue the current sales model and sales policy, to ensure that the payment must be shipped, in line with the contractual rebate policy, three bags The policy must be honored. As always, we provide our distributors with products that meet the needs of the market and are competitive.
Shengtai Group expressed its gratitude to the distributors and friends for their concern, support and love for the Shengtai Group and its brands for decades. The two sides are no longer purely trading relationships, but have established strategic partnerships and become a community of interests.
Due to many factors such as guarantees, capital chain and business environment in recent years, Shengtai Group has had some problems. However, according to the relevant legal profession, bankruptcy reorganization and bankruptcy auction are two different concepts. At present, the competition between brands and products is intensifying, and the road ahead is long and has a long way to go. However, as long as asset managers, Shengtai Group and distributors and friends are united and united, they will inspire all of you to go further and continue to serve well. Market, customers and consumers.