37 million in assets and 530 million in liabilities! The cement plant was filed for bankruptcy!

On August 27, the civil ruling of the People's Court of Pingnan County, Guangxi Zhuang Autonomous Region, showed that the bankruptcy liquidation application of Pingnan Runtai Asset Management Co., Ltd. for the Second Cement Plant of Pingnan County had been accepted on November 18, 2024. According to the

ruling, as of December 31, 2021, the total assets of Pingnan No.2 Cement Plant were 37169050.86 yuan (about 0.37 billion yuan), while its total debts exceeded 530 million yuan (including the debts of Runtai Company).