On August 3, the People's Court of Xinluo District, Longyan City, Fujian Province issued a notice: "On August 3, 2023, the Court decided to declare the bankruptcy of Fujian Qilin Cement Co., Ltd.".
It was found that after examination by the administrator of Fujian Qilin Cement Co., Ltd., the People's Court of Xinluo District, Longyan City, Fujian Province confirmed that the amount of two creditor's rights was 9473813.38 yuan. After investigation by the administrator, Fujian Qilin Cement Co., Ltd. is now insolvent and obviously lacks solvency, and no creditor, debtor or other interested party has applied to the court for bankruptcy reorganization or reconciliation, and the administrator has not completely taken over the books, vouchers and other financial and accounting information of Fujian Qilin Cement Co., Ltd. The People's Court of Xinluo District, Longyan City,
Fujian Province held that Fujian Qilin Cement Co., Ltd. could not pay off its debts due, and its assets were insufficient to pay off all its debts, nor did it have the possibility of bankruptcy reorganization and reconciliation. The administrator applied to declare Fujian Qilin Cement Co., Ltd. bankrupt, which met the legal conditions.
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