Xinjiang Jinhe Concrete Co., Ltd. was filed for bankruptcy

2025-03-06 15:44:04

On March 5, 2025, Xinjiang Jinhe Concrete Co., Ltd. was filed for bankruptcy, and the applicant was Min Xingliang.

On March 5,

2025, Xinjiang Jinhe Concrete Co., Ltd. was filed for bankruptcy, and the applicant was Min Xingliang.

Xinjiang Jinhe Concrete Co., Ltd. was established on October 9, 2021, registered in Yiyou Sand Yard, Erdaogou, Baiyang River, Midong District, Urumqi, Xinjiang, and its legal representative is Kou Jianxin. Its business scope includes licensed items: cement production. (Projects that need to be approved according to the law shall be approved by the relevant departments before carrying out business activities, and the specific business items shall be subject to the approval documents or licenses of the relevant departments.) General items: manufacturing of cement products; sales of cement products; manufacturing of building blocks; sales of building blocks; manufacturing of asbestos cement products; sales of asbestos cement products; leasing of machinery and equipment; sales of building materials; Lightweight building materials sales; Hardware products manufacturing; Hardware products wholesale; Concrete structural component manufacturing; Concrete structural component sales; Metal parts manufacturing for construction; Metal parts sales for construction. (Except for projects subject to approval according to law, business activities shall be carried out independently according to law on the basis of business licenses)

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On March 5, 2025, Xinjiang Jinhe Concrete Co., Ltd. was filed for bankruptcy, and the applicant was Min Xingliang.

2025-03-06 15:44:04

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.