Suit wants Proview in bankruptcy
By Zheng Caixiong in Guangzhou | China Daily | Updated: 2012-06-21 08:27
The Guangdong High People's Court began to hear a case on Wednesday asking financially troubled Proview Technology to be put into bankruptcy.
The case was filed by Taiwan Fubon Insurance in April. Fubon claims Shenzhen-based Proview owes it 60 million yuan ($9.52 million).
"According to Chinese bankruptcy law, we have the right to ask Proview to declare bankruptcy because it has failed to repay its heavy debts," said the attorney representing Fubon Insurance during the hearing.
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