Recently, the Lanzhou Intermediate People's Court issued a ruling on the reorganization of Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. According to the creditor's application, the bankruptcy liquidation case of Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. was accepted . On October 10,
2023, the bankruptcy administrator of Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. applied to Lanzhou Intermediate People's Court for reorganization of Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. on the grounds that it had the conditions and feasibility of bankruptcy reorganization.
Lanzhou Intermediate People's Court found that Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. was mainly engaged in cement production and sales. There are 4500 t/d new dry process cement clinker production line, 2000 t/d clinker production line and supporting machinery and equipment in the plant area, with an annual production capacity of 1.6 million tons of clinker and 2 million tons of cement. At present, it mainly produces P. O 42.5 and P. F 32.5 Portland cement, holding the trademarks of "Longxia Brand" and "Licorice", which have certain social influence and great commercial value. The
Lanzhou
Intermediate People's Court held that the bankruptcy administrator of Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. He intends to pay a deposit to the investor and submit an investment plan to show his willingness to invest. Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. can enhance the value of assets and maximize the interests of creditor's rights through reorganization, which can protect the interests of employees to the greatest extent and meet the conditions for reorganization. It ruled that Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. should be reorganized from October 20, 2023.
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