Jiangsu Senfeng Group is suspected of encountering financial crisis, and its boss Shen Feng has lost contact

According to reports, Senfeng Group, the largest car dealer in Yancheng City, Jiangsu Province, may be facing serious financial problems. The founder of the group, Shen Feng, has lost contact. It is reported that Senfeng Group’s capital chain was broken and it owed its employees four months’ wages and social security, totaling tens of millions of yuan. At present, the assets of Senfeng Group have been mortgaged. Some users on social media also broke the news that after the person in charge lost contact, the vehicle could not go through the normal registration process, but the loan still had to be repaid on a monthly basis. Senfeng International Auto City is the largest automobile trading area in Yancheng City and even in East China, with 16 authorized 4S stores of international brands.