On December 13, the People's Court of Keshiketeng Banner of Chifeng City announced that, according to the application of Inner Mongolia Re-Guarantee Co., Ltd., on October 17, 2023, it decided to terminate the implementation of the reorganization plan of Keshiketeng Hongshan Cement Co., Ltd. of Chifeng City and declared the bankruptcy of Keshiketeng Hongshan Cement Co., Ltd. of Chifeng City.
According to China Cement Network, Chifeng Keshiketeng Hongshan Cement Co., Ltd. was established in April 2009, registered in Yongsheng Village, Jingpeng Town, Keshiketeng Banner, Chifeng City, Inner Mongolia Autonomous Region, and its legal representative is Wang Jiude. Its business scope includes licensed business items: production and sales of cement clinker and cement.