Cement enterprises go bankrupt and liquidate and recruit investors

Recently, the administrator of Shanghai Jiufeng Cement Co., Ltd. On June 26, 2024, according to the application of Shanghai Yinxin Financing Guarantee Co., Ltd. (Hereinafter referred to as "Yinxin Guarantee Company"), the Third Intermediate People's Court of

Shanghai (hereinafter referred to as "the Third Intermediate People's Court") issued a civil ruling (2024) Hu 03 Po 584. Ruled to accept the bankruptcy liquidation of Shanghai Jiufeng Cement Co., Ltd. (Hereinafter referred to as "Jiufeng Company or the debtor"), and appointed Shanghai Huitong Liquidation Affairs Co., Ltd. as the administrator of Jiufeng Company (hereinafter referred to as the "administrator") on July 8, 2024 with (2024) Hu 03 Po No.584 Decision. On December 1,

2025, the Third Intermediate People's Court issued the Second Civil Ruling (2024) Hu 03 Po No.584, which ruled that the application of Yinxin Guarantee Company was rejected. Yinxin Guarantee Company refused to accept and appealed to Shanghai Higher People's Court (hereinafter referred to as "Shanghai Higher Court"). On March 30, 2026, Shanghai Higher People's Court ruled in the Civil Ruling (2026) Hu Po Zhong No.4 that the Second Civil Ruling (2024) Hu 03 Po No.584 of the Third Intermediate People's Court was revoked and the bankruptcy proceedings of Jiufeng Company continued. On April 10, 2026, the Third Intermediate People's Court continued to hear the bankruptcy liquidation of Jiufeng Company with the notice of (2026) Hu 03 Po No.366. In view of the fact that the case is still in the stage of bankruptcy liquidation, in order to fully discover and identify the reorganization value and feasibility of Jiufeng Company, maximize the value of the debtor's assets, and make relevant preparations for the subsequent possible procedural conversion. Under the supervision and guidance of the Third Intermediate People's Court, the administrator pre-recruits prospective investors for the society.