What happened to Suchuang Group?

The information disclosed by independent third-party borrowers in the explosion of deposit pledge guarantee of Suchuang Gas Subsidiary of Suchuang Group is ambiguous. Suchuang Group intends to acquire Suchuang Gas and plans to privatize it. However, at this time, Su Chuang Gas has frequent financial problems. Many subsidiaries pledged bank deposits as guarantees for relevant borrowers, and many deposits were confiscated by banks because some borrowers failed to perform as agreed.