Recently, the People's Court of Longhui County, Hunan Province, issued a civil ruling that Shimen Cement Co., Ltd. of Longhui County declared bankruptcy.
Documents show that on December 12, 2025, the administrator of Longhui Shimen Cement Co., Ltd. applied to the People's Court of Longhui County, Hunan Province, to declare the bankruptcy of Longhui Shimen Cement Co., Ltd. on the grounds that the property of Longhui Shimen Cement Co., Ltd. could not pay off the debts due and obviously lacked solvency. The People's Court of Longhui County,
Hunan Province found that Longhui County Shimen Cement Co., Ltd. was a limited liability company (invested or controlled by natural persons) registered on January 16, 2006, with a registered capital of 13.88 million yuan, a legal representative of Zhang Liang, and a registered domicile of Xianchong, Shimen Township, Longhui County, Hunan Province. After investigation and verification by the administrator, Longhui County Shimen Cement Co., Ltd. has 13857929.87 yuan of due debts that cannot be paid off, and has stopped production for many years. The assets under its name are only land use rights (collective industrial land) and above-ground buildings, which are difficult to dispose of and obviously lack of solvency. The People's Court of Longhui County,
Hunan Province held that the administrator applied to the People's Court for a ruling declaring the debtor bankrupt on the grounds that Shimen Cement Co., Ltd. of Longhui County was unable to pay off the debts due and obviously lacked the ability to pay off the debts, which conformed to the law. In accordance with Paragraph 1 of Article 2 and Article 107 of the Enterprise Bankruptcy Law of the People's Republic of China, the ruling is as follows: Shimen Cement Co., Ltd. is declared bankrupt. This ruling shall take effect as of this date.
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