Recently, the People's Court of Chun'an County, Zhejiang Province, announced that Qianfeng Cement in Chun'an County was officially declared bankrupt. According to
the data, on January 15, 2024, Chun'an County Court accepted the bankruptcy liquidation case of Qianfeng Cement in Chun'an County according to the application of Fenkou Holiday Hotel in Chun'an County. As of November 26 this year, the company has recovered about 3.064 million yuan of assets, confirmed about 11.7396 million yuan of unopposed creditor's rights, and no one has proposed reorganization. Because the company was insolvent, the court ruled that it was bankrupt according to law on November 27 this year.
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