A cement enterprise in Fujian went bankrupt! The 200 thousand shares have been successfully sold.

Recently, according to the Civil Ruling of the People's Court of Xinluo District, Longyan City, Fujian Province (hereinafter referred to as the "Ruling"), (Fujian) Building Materials Co., Ltd. won 200000 shares of Fujian Qilin Co., Ltd. held by Fujian Qilin Cement Co., Ltd . The ruling is as follows:

Civil Ruling

of the People's Court of Xinluo District, Longyan City, Fujian Province On April 13, 2023, the Court decided to accept the bankruptcy liquidation case of Fujian Qilin Cement Co., Ltd. according to the application of Jiangxi China Coal Construction Group Co., Ltd. On April 17, 2023, Longyan Branch of Fujian Jingmin Liquidation Service Co., Ltd. was appointed as the administrator of Fujian Qilin Cement Co., Ltd. On August 8,

2023, the administrator submitted to the Court the Report on the Application for the People's Court's Ruling on the Completion of the Auction, applying for the Court's ruling on the completion of the auction, so that the administrator could assist the buyer (Fujian) Building Materials Co., Ltd. in handling the formalities of equity transfer. The administrator said that according to the Debtor's Property Management and Price Change Scheme adopted by the first creditors'meeting of Fujian Qilin Cement Co., Ltd., it conducted a public auction of 200000 shares of Fujian Qilin Co., Ltd. held by Fujian Qilin Cement Co., Ltd. relying on Taobao Platform Ali Auction Bankruptcy Qiangqing Platform. On July 29, 2023, 11 (Fujian) Building Materials Co., Ltd. won the above equity at the highest price of 200101 yuan, and has paid all the money.

The Court holds that the administrator's disposal of 200000 shares of Fujian Qilin Cement Co., Ltd. held by Fujian Qilin Cement Co., Ltd. through public auction is in line with the property price change plan adopted by the creditors'meeting. Buyer 11 (Fujian) Building Materials Co., Ltd. has won the above property and paid the auction transaction price in full. The administrator's application does not violate the law and should be allowed. According to Article 112, paragraph 1, of the Enterprise Bankruptcy Law of the People's Republic of China and Article 157, paragraph 1, item 11, of the Civil Procedure Law of the People's Republic of China, The ruling is as follows:

1. Confirm that 11 (Fujian) Building Materials Co., Ltd. (Unified Social Credit Code 91350206MA8UA8RN53) won the 200,000 shares of Fujian Qilin Co., Ltd. held by Fujian Qilin Cement Co., Ltd.;

2. 11 (Fujian) Building Materials Co., Ltd. may go through the formalities of property right transfer registration with the property management department and other relevant institutions with this ruling.