The SOAR vs HPI case hit the headlines a couple of days ago, we received the first initial contact from Didian Ho of SOAR Seiki detailing how the company had support HPI prior to the company going into administration.
Subsequently as many will know within the industry, the company Ripmax bought HPI Racing and trading has continued, however with any company entering administration there are typically signifcant amounts of paperwork that require sifting through…
SOAR put out the following statement two days ago, we reached out to HPI for a reply, continue reading the statements after the jump…
Update: July 29th, SOAR have in turn replied to HPI’s response to their initial statement – see bottom of article
SOAR Announcement:
“The negotiation between SOAR and HPI:
We tried our best to communicate with HPI (Ripmax) in details, but the reply was paying 20％ the debt every four months. In the game like that ,HPI never clear any stages. They already had failed to keep their words for many times. HPI went bankrupt for a few times in recent five years and their layaway plan never worked. In addition, there’s something everyone should know.-HPI’s behavior might have resulted in the bankrupt of many manufacturers which worked with them. That cannot be forgiven.
