Electronic cigarette company Max Technology was transferred to bankruptcy liquidation by the court due to debt problems
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Electronic cigarette company Max Technology was transferred to bankruptcy liquidation by the court due to debt problems
The People's Court of Bao'an District, Shenzhen City, Guangdong Province, issued an announcement stating that upon application by the applicant for execution, the court transferred the company to bankruptcy liquidation on the grounds that Max Technology could not repay its due debts and its assets were insufficient to repay all debts.
Recently, the People's Court of Bao'an District, Shenzhen City, Guangdong Province, issued an announcement announcing that Max (Shenzhen) Electronic Technology Co., Ltd. (hereinafter referred to as "Max Company") would be transferred to bankruptcy liquidation.
The court stated in the announcement that upon application by the applicant for execution, Dongguan Shuoxinda Technology Co., Ltd., the court transferred Max Company to bankruptcy liquidation on December 12, 2024 on the grounds that Max Company could not repay its due debts and its assets were insufficient to repay all debts.
According to the content of the announcement, the court has made the decision in accordance with the provisions of 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 objection to the decision, it should raise a written objection within seven days after receiving the notice and provide relevant evidence materials.
Previously, 2Firsts received news from people in the e-cigarette industry that Max Company had recently submitted a bankruptcy application to the Shenzhen Intermediate People's Court. Max is mainly engaged in the research and development and sales of e-cigarette related products.
According to Tianyancha, it owns multiple trademarks, including "约刻", "PQZU", "MKPRO", "MAXECIG", "MCKESSE" and "BADKITTY".
Original announcement｜Source: Bao'an District People's Court, Shenzhen City, Guangdong Province
