233 million in debt! Seriously insolvent! Another Concrete Company Declares Bankruptcy

2026-01-06 10:59:24

On December 26, 2025, the First Intermediate People's Court of Beijing announced that the property value of Beijing Xiangjia Concrete Co., Ltd. was not more than 13314950.31 yuan, which was not enough to pay off the 233468976 of its external debt of 74 yuan. Therefore, Xiangjia Concrete Company is unable to pay off its debts due, and its assets are supplemented to pay off all its debts, and there is no reorganization or reconciliation, and it has met the legal conditions for declaring bankruptcy.

On December 26,

2025, the First Intermediate People's Court of Beijing announced that the property value of Beijing Xiangjia Concrete Co., Ltd. was not more than 13314950.31 yuan, which was not enough to pay off the 233468976 of its external debt of 74 yuan. Therefore, Xiangjia Concrete Company can not pay off its debts due, and its assets are supplemented to pay off all its debts, and there is no reorganization or reconciliation, which has met the legal conditions for declaring bankruptcy.

Therefore, according to the relevant laws and regulations, the First Intermediate People's Court of Beijing declared the bankruptcy of Beijing Xiangjia Concrete Co., Ltd. on December 1, 2025.