On March 25, the People's Court of Yizhou District, Hechi City, Guangxi, announced that in November last year, the court accepted the bankruptcy liquidation case of Guangchi Cement in Yizhou, and now decided to publicly select the bankruptcy administrator by means of competition. Established in 2014,
the company is mainly engaged in cement production and marketing with a registered capital of 100 million yuan. The company was involved in a number of disputes, involving an execution target of more than 28.04 million yuan, and the execution procedure was terminated because there was no executable property. It is understood that Yizhou Guangchi Cement has a 2500t/d clinker production line, which was completed in May 2020 with a total investment of 340 million yuan.
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