Max (Shenzhen) Electronic Technology Co., Ltd. Declared Bankrupt

Dec.18.2024

Shenzhen Baotou District People's Court announces bankruptcy liquidation of Max (Shenzhen) Electronic Technology Co., Ltd.

Recently, the People's Court of Baoan District, Shenzhen, Guangdong Province, issued a notice announcing the bankruptcy liquidation of Max (Shenzhen) Electronic Technology Co., Ltd. (hereinafter referred to as "Max Company").

The court, in a statement, announced that it has transferred Max Company to bankruptcy liquidation as requested by the applicant for execution, Dongguan Shuoxinda Technology Co., Ltd., on December 12, 2024, on the grounds that Max Company is unable to pay its due debts and its assets are insufficient to cover all debts.

According to the announcement, the court has made this decision in accordance with Article 10, Paragraph 1 of the Enterprise Bankruptcy Law of the People's Republic of China. The court also specifically pointed out that if Max Company has any objections to this decision, they should raise them in writing within seven days of receiving the notice and provide relevant evidence materials.

Previously, 2Firsts received a tip from a source in the e-cigarette industry, stating that Max Company has recently filed for bankruptcy with the Intermediate People's Court of Shenzhen. Max Company is primarily involved in the research and development, as well as the sales, of e-cigarette related products.

According to Tianyancha, it owns multiple trademarks including "Yueke", "PQZU", "MKPRO", "MAXECIG", "MCKESSE", and "BADKITTY".

Cover Image: ChatGpt Generated

References:

[1] 广东省深圳市宝安区人民法院公告

Also Read:

[1] E-cigarette firm Max Technology faces bankruptcy amid legal disputes

[2] Notice of Bankruptcy Reorganization of JSTE Electronic Technology Co., Ltd.

[3] Notice on Next Steps for JSTE Electronic Technology LLC Liquidation

[4] JSTE Electronic Technology (Dongguan) Co., Ltd. Liquidation Report

[5] Recruitment Announcement for Restructuring Investment in JSTE Electronic Technology

[6] Preliminary Statement of Assets and Liabilities of JSTE Company

#Legislation #E-liquids #Asia #China

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