Notice! Several sand and gravel companies went bankrupt.

by the downturn of real estate and other factors, the demand for sand and gravel is low, and the problem of excess sand and gravel is gradually highlighted by the continuous release of sand and gravel production capacity in recent years. In the less

prosperous market, many sand and gravel enterprises have a hard time, some enterprises feedback to the digital building materials DataBM. Com, the market competition is fierce, the price of sand and gravel falls again and again, and the burden of enterprises is heavy.

The Digital Building Materials DataBM. Com has collated information about the bankruptcy of sand and gravel companies in recent months.

Taizhou Zhegang Sandstone Co., Ltd. is insolvent, unable to pay off the creditor's rights due, and meets the bankruptcy conditions. On April 25, 2023, the People's Court of Linchuan District, Fuzhou City,

Jiangxi Province, decided to accept the bankruptcy liquidation of Fuzhou Hengsheng Sandstone Co., Ltd. on the basis of the application of Fuzhou Chengtou Financing Guarantee Co., Ltd. He also appointed Jiangxi Junjian Bankruptcy Liquidation Service Co., Ltd. as the administrator of Fuzhou Hengsheng Sandstone Co., Ltd. After examination, the People's Court of Linchuan District, Fuzhou City,

Jiangxi Province, found that Fuzhou Hongshun Sandstone Co., Ltd. could not pay off its debts due, and its assets were insufficient to pay off all its debts. On April 19, 2023, the People's Court of Linchuan District, Fuzhou City, Jiangxi Province, in accordance with the provisions of Article 2 (1) and Article 7 (2) of the Enterprise Bankruptcy Law of the People's Republic of China, decided to accept the bankruptcy liquidation application of Fuzhou Hongshun Sandstone Co., Ltd. In the case of the People's Court of Linchuan District, Fuzhou City,

Jiangxi Province, executing the dispute over the right of recourse between Fuzhou Chengtou Financing Guarantee Co., Ltd. and Fuzhou Henglu Sandstone Co., Ltd. , the applicant, Fuzhou Chengtou Financing Guarantee Co., Ltd. He filed a bankruptcy application with the People's Court of Linchuan District, Fuzhou City, Jiangxi Province, on the grounds that his assets were insufficient to pay off all his debts. After examination, Fuzhou Henglu Sandstone Co., Ltd. is unable to pay off its debts due, and its assets are insufficient to pay off all its debts. On April 17, 2023, the People's Court of Linchuan District, Fuzhou City, Jiangxi Province, in accordance with the provisions of Article 2 (1) and Article 7 (2) of the Enterprise Bankruptcy Law of the People's Republic of China, decided to accept the bankruptcy liquidation application of Fuzhou Henglu Sandstone Co., Ltd.