On January 10, according to the announcement on the relevant website, Shengda Cement in Duchang County, Jiangxi Province, was ruled bankrupt and terminated the liquidation procedure by the court on December 13, 2025 because it had no property to distribute. The court found that the account under his name had no deposits to be deducted and no other assets to be executed, that the creditor's rights of more than 1.4 million yuan could not be repaid, and that the bankruptcy expenses of 1913.39 yuan could not be paid.
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