According to the Beijing No. 1 Intermediate People's Court on the 5th, the debtor Zhongzhi Enterprise Group Co., Ltd. applied to the court for bankruptcy liquidation on the grounds that it could not pay off its due debts, its assets were insufficient to pay off all its debts, and it obviously lacked solvency. After review, the Beijing No. 1 Intermediate People's Court found that the application met the bankruptcy reasons stipulated in Article 2, Paragraph 1 of the Enterprise Bankruptcy Law of the People's Republic of China, and ruled to accept the bankruptcy liquidation application of Zhongzhi Enterprise Group Co., Ltd. on January 5, 2024.
Source: Beijing No. 1 Intermediate People's Court
Editor: Li Linrui
Editor: Fu Yali Final review: Zhou Jianjun
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