According to the Fifth Intermediate People's Court of Chongqing, Chongqing Jiuxin Cement (Group) Co., Ltd. was filed for bankruptcy, and the applicant was Chongqing Qianqiu Mechanical and Electrical Equipment Co., Ltd.

At the same time, Chongqing Jiuxin Cement (Group) Co., Ltd. and other seven bad creditor's rights (as a whole) held by Chongqing Three Gorges Bank Co., Ltd. were transferred at a base price of 108.0232 million yuan. According to

the data, Chongqing Jiuxin Cement (Group) Co., Ltd. was established on November 20, 2008 with a registered capital of 50 million yuan, and its headquarters is located in Longjiang Industrial Park, Youyang County, Chongqing. The company is a holding subsidiary of Chongqing Jiuxin Industrial Group Co., Ltd., with a 99.98% shareholding ratio and a 2500t/d clinker production line.
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