Recently, the People's Court of Gucheng County, Hubei Province, decided to accept the bankruptcy liquidation application of Gucheng CITIC Cement Grinding Co., Ltd. The company was founded in 2009 with a registered capital of 12.22 million yuan. As of February 2026, the company's outstanding debts exceeded 28.84 million yuan, involving 18 outstanding execution cases, and has obviously lost its solvency.
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