Major Shandong Liquor Distributor Linyi Guohang Suspected of Capital Chain Breakdown; Suppliers Gather at Store to Demand Debt Repayment and Defend Rights
On June 19, 2026, Linyi Guohang, a well-known liquor trader in Linyi, Shandong, was reported to have suffered a capital chain breakdown. Large numbers of suppliers and liquor dealers gathered at the store to defend their rights, demand unpaid wages and debt repayment. Online reports say the amount owed runs into tens of millions of yuan.