Recently, the People's Court of Longhui County, Hunan Province, declared the bankruptcy of Shimen Cement Co., Ltd. in Longhui County. On December 12 this year, the administrator of Shimen Cement in Longhui County filed for bankruptcy on the grounds that the company's property could not pay off its debts due and obviously lacked solvency. It is reported that the company was established in 2006 with a registered capital of 13.88 million yuan, and nearly 13.86 million yuan of debts due have not been paid off. It has stopped production for many years, and it is difficult to dispose of assets.
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