Insolvent! Shaoguan Lingpeng Cement Co., Ltd. was ruled bankrupt!

2023, the announcement website of the People's Court issued a bankruptcy document on Lingpeng Cement Co., Ltd. in Shaoguan City. According to the

announcement, on November 29, 2018, the Intermediate People's Court of Shaoguan City, Guangdong Province, accepted the bankruptcy liquidation case of Lingpeng Cement Co., Ltd. of Shaoguan City on the basis of the application of Chen yuanzhong and Qujiang Second Construction Engineering Co., Ltd. of Shaoguan City. It was found that the book asset-liability ratio of Shaoguan Lingpeng Cement Co., Ltd. was 102.01%. The court held that the existing evidence showed that Shaoguan Lingpeng Cement Co., Ltd. could not pay off its debts due, and its assets were insufficient to pay off all its debts, which met the conditions for declaring bankruptcy. In accordance with the provisions of Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China, the court declared the bankruptcy of Shaoguan Lingpeng Cement Co., Ltd. on December 5, 2023.

According to China Cement Network, the company is located in Qujiang District, Shaoguan City, Guangdong Province, business scope: production and sales of cement, cement products, cement packaging materials; Previously, Shaoguan Lingpeng Cement Co., Ltd. invested 74.35 million yuan, of which 2.18 million yuan was invested in environmental protection, accounting for 2.93% of the total investment, to build a 1.2 million t/a cement grinding production line, of which 70% of the P. C of composite Portland cement is 32.5. The P. O of ordinary Portland cement is 42.5, accounting for 30%, and the bulk cement accounts for about 70%.