Xiamen Zhongshan Laiya Department Store's 41 suppliers have formed an alliance to launch a lawsuit against the bankrupt department store and the case has been accepted by the People's Court of Siming District, Xiamen.

Following confirmation of milk producer Sanlu's bankruptcy, Beijing-based rival Sanyuan has adjusted its acquisition plan and announced that it will rent some of Sanlu's assets.

The Beijing-based instant noodle maker Wugudaochang has submitted a bankruptcy restructuring application to Beijing Fangshan People's Court.

Because of about HKD100 million debt and other financial problems, Tai Lin Radio Service, the Hong Kong-based 62 years' old appliances store announced its bankruptcy on October 17, 2008 and sales from its 13 stores have been suspended.