413 million in debt! A real estate development enterprise in Anhui declared bankruptcy

Recently, Huoqiu Zhongtai Hengye Real Estate Development Co., Ltd. in Lu'an City, Anhui Province, declared bankruptcy with a debt of 413 million yuan. On June 5,

2023, the administrator of Huoqiu Zhongtai Hengye Real Estate Development Co., Ltd. The announcement shows that on May 31, 2023, the People's Court of Huoqiu County issued a civil ruling (2018) No.2 of Anhui 1522, declaring the bankruptcy of Huoqiu Zhongtai Hengye Real Estate Development Co., Ltd.

In order to advance the bankruptcy process in accordance with the law, the assets appraisal of Huoqiu Zhongtai Hengye Real Estate Development Co., Ltd. in 2019 can no longer reflect the real market value of the assets, and the administrator now continues to entrust Anhui Anhe Real Estate Land Appraisal Co., Ltd. to reassess the assets value of Huoqiu Zhongtai Hengye Real Estate Development Co., Ltd. The plan for the change of the value of the bankruptcy property and the plan for the distribution of the bankruptcy property shall be submitted to the creditors' meeting for voting. According to

public information, Huoqiu Zhongtai Hengye Real Estate Development Co., Ltd. was established on April 24, 2014. Its legal representative is Miao Baoshe. Its registered capital is 10 million yuan. Its industry is real estate industry. Its business scope includes real estate development and sales.