China Cement Network, the People's Court of Kangding City, Sichuan Province, recently announced that the Court has decided to accept the bankruptcy liquidation case of Kangding Paomashan Cement Co., Ltd. and is now open to the whole province to select administrators.
The equity penetration chart shows that Yaobai Special Cement holds 55% of its shares.
It is reported that in May this year, a judicial auction platform released the information of Kangding Paomashan Cement Equity Auction, Kangding Paomashan Cement Co., Ltd. 30.5% of the equity, starting price of 62.96 million yuan; Kangding Paomashan Cement Co., Ltd. 12% of the equity, starting price of 24.78 million yuan. Among them, Chengdu Bailiansheng Mechanical and Electrical Equipment Co., Ltd. successfully won 30.5% of the shares, and the other 12% of the shares have been withdrawn from the auction.
According to the information released by Sichuan Economic and Credit Department, as of December 31, 2022, Kangding Paomashan Cement Co., Ltd. has a 2500t/d new dry cement production line, which was completed and put into operation in May 2020, and has been shut down due to lack of self-owned mines and raw materials.
Kangding Paomashan Cement 2500t/d Clinker Project Production Data Map
The special commentator of China Cement Network has something to say about the production line from completion and commissioning to shutdown and then to bankruptcy. Start from the shutdown of the new dry process cement production line which has been completed and put into operation for only three years!
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