Recently, according to a property rights trading platform, China Machinery Industry Construction Group Co., Ltd. Selling price: RMB 4,169 yuan 54219. The project is currently being enforced, and China Machinery Construction has the priority of compensation.
It is understood that the asset is a 5000t/d clinker cement plant located in Area B of Yidong Industrial Park, Yining County, Xinjiang, which comprehensively utilizes waste residue to produce cement and the land use right of state-owned construction land within its scope of use. The appraisal price of the asset is 797,344,366.00 yuan. Of which, the cement plant is worth 758,448,200.00 yuan and the land use right is worth 38,896,166.00 yuan. Area of
land use right: 413789 square meters, land use: industrial land, planned plot ratio: not less than 0.6, set plot ratio: 1.0, remaining term of land use right: 41.97 years, certificate No.: YTGY (2014) No. CS00115.
At present, the assets are in the process of judicial sale, and the sale price is 542,194,169.00 yuan
. The predecessor of China Machinery Industry Construction Group Co., Ltd. (SINOCONST) is China Machinery Industry Construction Corporation, which was founded in 1953. It is one of the earliest large-scale state-owned construction enterprises in China.
It is understood that since this year, many cement enterprises have declared bankruptcy, and sold assets or recruited bankruptcy reorganization investors on asset trading platforms around the country, including more than 4000t/d clinker production line enterprises.
Recently, the civil ruling of Zhongwei Intermediate People's Court of Ningxia Hui Autonomous Region showed that Ningxia Tianyuan Building Materials Co., Ltd. applied for bankruptcy reorganization.
According to the audit report, as of December 31, 2022, the total assets of Tianyuan Building Materials were 1.665 billion yuan, the total liabilities were 1.251 billion yuan, and the book net assets were 414 million yuan. However, in addition to the liabilities recorded in the book, according to the Tianyuan Building Materials Guarantee List, Tianyuan Building Materials provides guarantees for 5.624 billion yuan of debt, and the actual debt burden has exceeded the total book assets.
Tianyuan Building Materials said that its available monetary funds were seriously insufficient, and its main assets were machinery and equipment, which were important assets needed for the production and operation of Tianyuan Building Materials and could not be disposed of and realized; other assets, including accounts receivable, had poor recoverability and liquidity, and were also difficult to realize. In addition, from 2020 to 2022, Tianyuan Building Materials has accumulated a loss of 62 million yuan and a heavy debt burden. Without overall debt restructuring and asset business restructuring, it is difficult to turn losses into profits and unable to pay off debts.
It is understood that a 4500 t/d clinker production line owned by Tianyuan Building Materials was put into operation in June this year.
According to a trading platform, the houses, structures, machinery and equipment of Wuhai Huayuan Cement Co., Ltd. will be auctioned soon, with a starting price of 74.549 million yuan.
According to a previous report by China Cement Network, on July 4, 2023, Inner Mongolia Baotou Steel Xichuang Group Co., Ltd. applied to the court for bankruptcy liquidation of Wuhai Huayuan Cement Co., Ltd. on the grounds that the respondent Wuhai Huayuan Cement Co., Ltd. had been suffering serious losses and was unable to repay its debts due. Wuhai Huayuan Cement Company has a 4000t/d production line, which was put into operation in August 2010. In March this year, the list of cement clinker flat glass production lines issued by the Office of Industry and Information Technology of Inner Mongolia Autonomous Region showed that the production line had been shut down.
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