There have been media coverages on BONS’s buying of HiBO, the latter of which being on the verge of bankruptcy. To get a glimpse of the case, our correspondent arranged phone interviews with Wang Peng, who is marketing director of BONS and Wang commented that BONS have no intention to buy HiBO , a mere 200,000 yuan order was placed though, hoping that it could be helpful.
Actually, there are four more suppliers, trying to rescue HiBO from its “trials and tribulation” via OEM provided that HiBO take care of its payroll, the rent and utilities etc. “We are trying to save HiBO like four other suppliers, yet if HiBO cannot even live with these preconditions, the prospect would not look good.” Wang claimed, furthermore, HiBO owes a debt of RMB 2 million to BONS.
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