Bankruptcy liquidation! Assets Auction of a Cement Plant in Hubei

Recently, according to a property rights trading platform, Gucheng CITIC Cement Grinding Co., Ltd. has transferred assets such as buildings, accessories, machinery and equipment, and (about) 54.8 mu of land use rights at a starting price of 13.5163 million yuan.

It is understood that in March this year, the People's Court of Gucheng County, Hubei Province, issued a civil ruling to accept the bankruptcy liquidation application of Gucheng Industrial Investment Co., Ltd. for Gucheng CITIC Cement Grinding Co., Ltd.

After examination, the respondent CITIC Cement Company belongs to the bankruptcy qualified subject, which can not pay off the debts due, and its assets are insufficient to pay off all the debts, which obviously lacks the solvency. It ruled to accept the bankruptcy liquidation application of Gucheng CITIC Cement Grinding Co., Ltd. It is

also understood that the enterprise has a cement grinding production line, which is one of the nine cement grinding stations in Xiangyang City. In the first quarter of 2023, the enterprise was also listed as a key spot check object by Gucheng Branch of Xiangyang Ecological Environment Bureau.