On June 20, Putian Intermediate People's Court ruled to end the bankruptcy of Fujian Ganglong Concrete Co., Ltd.
Earlier, the Putian Intermediate People's Court ruled to accept the bankruptcy liquidation case of Fujian Ganglong Concrete Co., Ltd. Upon investigation, Fujian Ganglong Concrete Co., Ltd. had 182129 assets of RMB.39 and 174033658 liabilities. The assets of Fujian Ganglong Concrete Co., Ltd. were insufficient to pay off all debts, and Fujian Ganglong Concrete Co., Ltd. did not have the ability to reconcile or restructure, so it was ruled that Fujian Ganglong Concrete Co., Ltd. was declared bankrupt on June 16, 2023.
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