Recently, Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. announced the recruitment of bankruptcy reorganization investors. It is reported that the debtor is a cement production enterprise with complete production and living facilities such as office buildings, canteens and dormitories. There are two cement production lines in the plant area, one 4500 t/d new dry process cement production line and supporting machinery and equipment, which will be completed and put into operation in March 2019. A 2000t/ d clinker production line was completed and put into operation in May 2011, and is currently in a state of shutdown. After technical transformation, it will have the production conditions of 2500t/d clinker.
The following is the public announcement of some projects:
On October 14, 2022, Lanzhou Intermediate People's Court issued the Civil Ruling (2022) Gan 01 Po Shen No.5, which ruled to accept the bankruptcy liquidation case of Lanzhou Licorice Environmental Protection Building Materials Co., Ltd. (Hereinafter referred to as the "debtor"). On February 27, 2023, Lanzhou Intermediate People's Court issued (2023) Gan 01 No.1 Civil Decision, appointing Beijing Yingke (Lanzhou) Law Firm as the debtor's bankruptcy administrator (hereinafter referred to as the "administrator").
In order to safeguard the legitimate interests of all creditors to the maximum extent, achieve effective integration of resources, promote and guarantee the success of the debtor's reorganization, give full play to and identify the potential reorganization value and asset market value of the debtor, and maximize the value of the debtor's assets. In accordance with the Enterprise Bankruptcy Law of the People's Republic of China, the administrator is now open to the public to recruit reorganization investors, and welcomes strong investors to participate in the debtor's reorganization work. The recruitment matters are hereby announced as follows: I. Overview of
the Debtor (I) Basic Information On November 23,
1999, the debtor was registered by Gansu Administration for Industry and Commerce. The debtor's current industrial and commercial registration shows that the registered capital is 71.1025 million yuan. The shareholders are Gansu Zhongzheng Rongxin Business and Trade Co., Ltd. (90.8% equity ratio), Gansu Building Material Research and Design Institute (1.13% equity ratio), Gansu Plastic Woven Bag Factory (3.52% equity ratio), Lanzhou Agricultural Power Company (2.10% equity ratio), Gansu West Happy Paradise Co., Ltd. (2.45% equity ratio). The Articles of Association records that the business term is 20 years, and the business scope is "research and development, production, wholesale and retail of cement and building materials".
(II) Core assets of the debtor The debtor is a cement production enterprise with complete production and living facilities such as office buildings, canteens and dormitories in the factory area. The 4500t/d new dry-process cement production line and supporting machinery and equipment in the
debtor's factory area were completed and put into operation in March 2019. At present, the 4500 t/d NSP cement production line is in a state of shutdown. The debtor's 4500t/d new dry process cement clinker production line has an annual production capacity of 1.6 million tons of cement clinker, 2 million tons of cement per year, and 200,000 tons of domestic waste per year by rotary kiln. Another 2000t/d clinker production line of the debtor was completed and put into operation in May 2011, and is currently in a state of shutdown. After technical transformation, it will have the production conditions of 2500t/d clinker. In January 2019, the
debtor obtained the limestone mining right of Xiaoshixia in Yuzhong County by means of paid transfer. The reserve stated in the appraisal report is 1,893,900 tons, and the recoverable reserve is 1,799,200 tons. The mining area specified in the Mining License is 0.0444 square kilometers, and the mining right is valid from November 19, 2020 to February 19, 2027.
In addition, there is a railway freight yard near the debtor's factory, where raw materials and finished cement products can be transported by railway; the debtor's factory is close to the exit of G22 Qinglan Expressway Licorice Shop, with convenient transportation. At present, the debtor mainly produces P.O42.5 and P.F32.5 Portland cement, which have passed the certification of China Construction Union Credit and China Conformity Assessment, and hold the trademarks of "Longxia Brand" and "Licorice", which have certain social influence and great commercial value.
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