On June 6, South Grid Energy issued a progress announcement on the bankruptcy application of Sun Yangshan Nandian Company .
The announcement shows that the Guangdong Provincial Higher People's Court has revoked the civil ruling No.5 of Guangdong Qingyuan Intermediate People's Court (2025) and instructed it to accept the bankruptcy liquidation application of Yangshan Nandian Company.
According to the latest announcement, the Intermediate People's Court of Fangchenggang City, Guangxi Zhuang Autonomous Region, has filed a bankruptcy case against Nanneng Changling Company [ (2025) Gui 06 Breaking No.2]. At present, the case is in the stage of acceptance and examination .
In addition, according to the announcement issued by South Grid Energy on May 8, the relevant financial institutions, as creditors, have applied to the court for property preservation because Yangshan Nandian Company is involved in disputes over financial leasing contracts.
As of the disclosure date of the announcement, the court has taken measures to seal up and freeze the properties under the name of South Grid Energy and Yangshan South Power Company, and the details are as follows:
Public information shows that Yangshan Nandian Biomass Power Generation Co., Ltd. was established in May 2016." Legal representative: Wang Zhidong Registered capital : 1. The business scope of the Company includes the investment and development of energy and energy-saving industries; investment, construction and operation of new energy and distributed energy projects .
Guangxi Nanneng Changling Clean Energy Co., Ltd. was established in June 2014, with legal representative Wang Zhidong and registered capital of 1.
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