After years of cessation of operations and inability to repay debts, a cement plant went bankrupt and liquidated.

2026-04-13 13:38:40

The court held that Sanchuan Building Materials Company, as a debtor, applied for bankruptcy liquidation on its own, which conformed to the relevant provisions of the Bankruptcy Law. According to the facts ascertained, the applicant has stopped operating for many years, is unable to pay off the debts due, and has met the conditions for bankruptcy. To sum up, the bankruptcy liquidation application of Toksun Sanchuan Building Materials Co., Ltd. was accepted.

Recently, according to the civil ruling issued by the People's Court of Toksun County, Xinjiang Uygur Autonomous Region, the applicant, Toksun Sanchuan Building Materials Co., Ltd., applied to the court for bankruptcy liquidation on the grounds that the company had no effective operating assets and had completely lost its ability to liquidate and operate.

The court found that Sanchuan Building Materials Company was established on December 6, 2010 with a registered capital of 30 million yuan. Its business scope mainly includes the production and sale of cement and the sale of building materials. As of February 28, 2026, the Company has total assets of RMB 0 million yuan, total liabilities of 13427 of RMB 0.11 million yuan, and owner's equity-13427 of RMB 0.11 million yuan (including undistributed profit-16427 of RMB 0.11 million yuan). The Company is insolvent. In June

2017, the People's Court of Jimsar County decided to auction all the land, fixed assets and raw materials under the name of Sanchuan Building Materials Company as a whole, and delivered them to the buyer, Xinjiang Zhongtai Chemical Toksun Energy Chemical Co., Ltd., and all the proceeds were used to pay off debts.

The court held that Sanchuan Building Materials Company, as a debtor, applied for bankruptcy liquidation on its own, which conformed to the relevant provisions of the Bankruptcy Law. According to the facts ascertained, the applicant has stopped operating for many years, is unable to pay off the debts due, and has met the conditions for bankruptcy. To sum up, the bankruptcy liquidation application of Toksun Sanchuan Building Materials Co., Ltd. was accepted.

All can be viewed after purchase

Correlation

After years of cessation of operations and inability to repay debts, a cement plant went bankrupt and liquidated.

The court held that Sanchuan Building Materials Company, as a debtor, applied for bankruptcy liquidation on its own, which conformed to the relevant provisions of the Bankruptcy Law. According to the facts ascertained, the applicant has stopped operating for many years, is unable to pay off the debts due, and has met the conditions for bankruptcy. To sum up, the bankruptcy liquidation application of Toksun Sanchuan Building Materials Co., Ltd. was accepted.

2026-04-13 13:38:40

CEMPI

102.01

+1.6 +1.59%

CONCPI

86.65

-0.03 -0.03%

CLKPI

105.00

+2.12 +2.06%

SPPI

41.98

+0.35 +0.84%

MORPI

71.83

0.00 0.00%

Jiangxi Provincial Department of Industry and Information Technology: Implementation Rules for Abolishing Capacity Replacement of Cement and Glass Industry in Jiangxi Province

On October 13, the Office of Industry and Information Technology of Jiangxi Province announced that due to the revision of the policy of capacity replacement in the cement and glass industry by the Ministry of Industry and Information Technology, the Office of Industry and Information Technology of Jiangxi Province decided to abolish the Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province (Gongxin Regulation No.2024) from the date of issuance of the notice, and to abolish the "Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province". The capacity replacement of cement and glass industry in the whole province will be handled in accordance with the relevant policies of the Ministry of Industry and Information Technology in the future.