Recently, China Cement Network learned from an auction platform that the second auction of some real estate and other assets of Yunnan Yibiao Cement Group Co., Ltd. in Jinshan Town, Lufeng City has failed. It is reported that the starting price of the auction is 24.426 million yuan, which is 6.107 million yuan lower than starting price of the first auction, which ended on July 20, 2023.
According to China Cement Network, on May 19, the People's Court of Lufeng City, Yunnan Province, issued a civil ruling on the bankruptcy liquidation of Yunnan Yibiao Cement Group Co., Ltd.
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