Liabilities-418.16%! Subsidiaries of power central enterprises declare bankruptcy

2023-12-20 19:05:30

On December 7, the People's Court Daily announced that the asset-liability ratio of Shanxi Electric Power Construction Company II of China Energy Construction Group was-418.16% after liquidation audit.

On December 7, the People's Court reported that the asset-liability ratio of Shanxi Electric Power Construction Company II of China Energy Construction Group was-418.16% after liquidation audit, which was seriously insolvent, obviously lacked the ability to pay off debts and could not pay off debts due. On November 28,

2023, the ruling declared the bankruptcy of China Energy Construction Group Shanxi Electric Power Construction Company II. It is 100% controlled by

China Energy Construction Group Co., Ltd. and was established in 1981. It has many qualifications, such as general contracting of power engineering construction, installation of civil nuclear pressure equipment and so on.

Shanxi No.2 Electric Power Construction Company has undertaken the construction of more than 180 generating units of various types, with a total capacity of more than 65 million kilowatts, and completed more than 70 substations and power transmission and transformation projects of various levels. The forced bankruptcy and bankruptcy of the company may cause a major blow to hundreds of private subcontracting teams, labor service companies, supplier enterprises, as well as employees of the second power construction company.

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