Latest news and articles about corporate distress
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Xiwang Food, China’s leading corn-oil brand, faces a judicial auction of 200 million shares held by indebted parent Xiwang Group on March 30–31, 2026. The forced sale follows years of aggressive diversification, heavy losses and creditor actions that have left the group’s other listed units collapsed, while the food business still retains a strong market position despite mounting impairments.
