Bankruptcy and Liquidation of Jidong Development Concrete Company

Recently, the announcement of public recruitment and evaluation of the bankruptcy liquidation case of Jilin Jidong Weida Concrete Co., Ltd. was issued. The announcement

said that in order to find out the value of the assets of Jilin Jidong Weida Concrete Co., Ltd., ensure the smooth progress of the bankruptcy liquidation procedure, and safeguard the legitimate rights and interests of creditors and Jilin Jidong Weida Concrete Co., Ltd., the administrator will select the evaluation institution through public recruitment. According to

the data, Jilin Jidong Weida Concrete Co., Ltd. was established on May 30, 2011. The registered capital of the Company is RMB 20,000,000 yuan only. Jidong Aggregate Co., Ltd., a wholly-owned subsidiary of Jidong Development Group, contributed RMB 10,000,000 yuan, accounting for 50% of the registered capital; Jilin Dangdai Building Energy-saving Building Materials Distribution Co., Ltd. contributed RMB 3,000,000 yuan, accounting for 15% of the registered capital; Jilin Yiduyuan Jinmao Co., Ltd. contributed RMB 4,000,000 yuan, accounting for 20% of the registered capital; Jilin Weida Trading Co., Ltd. contributed RMB 3,000,000 yuan, accounting for 15% of the registered capital.

After audit, as of December 31, 2023, the total book assets of the enterprise were 27.8086 million yuan, the total liabilities were 80.1296 million yuan, the amount of insolvency was 52.321 million yuan, and the asset-liability ratio was 288.15%.