Yancheng Xinghai Commodity Concrete Co., Ltd. was filed for bankruptcy.

2025-03-06 15:41:14

On March 4, 2025, Yancheng Xinghai Commodity Concrete Co., Ltd. was filed for bankruptcy, and the applicant was Yancheng Yandu District Market Supervision and Administration Bureau.

On March 4,

2025, Yancheng Xinghai Commodity Concrete Co., Ltd. was filed for bankruptcy, and the applicant was Yancheng Yandu District Market Supervision and Administration Bureau.

Business scope: commercial concrete manufacturing, steel structure processing, landscaping engineering construction, municipal engineering construction, steel sales.

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On March 4, 2025, Yancheng Xinghai Commodity Concrete Co., Ltd. was filed for bankruptcy, and the applicant was Yancheng Yandu District Market Supervision and Administration Bureau.

2025-03-06 15:41:14

In accordance with the relevant provisions of the Detailed Rules for the Implementation of the Pre-reorganisation of the Intermediate People's Court of Changchun City, Jilin Province (for Trial Implementation), during the period of pre-reorganisation, the Company and some of its subsidiaries subject to pre-reorganisation shall not pay off their debts except for the necessary expenses for the continued operation of the enterprise and the maintenance of its operating value. As at the date of this announcement, the principal and interest of overdue debts of the Company and its subsidiaries amounted to RMB6.959 billion, representing 1,124.30% of the latest audited net assets attributable to the parent company of the Company.