Pingyi County Baoyuan Group bankruptcy formerly linyi Baoyuan new material enterprises
Linyi Baoyuan Group Co LTD’s state-owned land use rights, buildings and appendages in Baimazhuang Village, Changshan Ecological Reserve in Pingyi County, Shandong Province, were auctioned for a second time, with a price of 126 million yuan.For industrial land, the termination date of land use right is July 3, 2043, and the land use right area is 266,667 square meters.The enterprise is registered in Pingyi County, Linyi City, Shandong province, Banqiao Road north first road east, lianhua Road middle road south.On September 7, 2018, according to the application of Pingyi Zhongcheng Concrete Slurry Co., LTD., the Pingyi County Court ruled to accept the bankruptcy liquidation case of Baoyuan Group by (2018) Lu 1326 Piaoshen No. 4 civil ruling, and appointed Shandong Zhengzhiyuan Law Firm as the manager of Baoyuan Group by (2018) Lu 1326 Piaoshen No. 4 civil ruling on the same day.The manager found that The former name of Baoyuan Group was Linyi Baoyuan New Material Co., LTD.On August 2, 2013, the company name of Linyi Baoyuan New Material Co., Ltd. was changed to Linyi Baoyuan Group Co., Ltd. by unanimous resolution of the board of shareholders and approved by Pingyi County Administration for Industry and Commerce.In the execution of Baoyuan Group as the subject, Pingyi Zhongcheng Concrete Slurry Co., Ltd. submitted an application for bankruptcy review to the court on September 5, 2018 on the grounds that Baoyuan Group could not pay off the debts due and obviously lacked the solvency.The Executive Board took a decision on 5 September 2018 to move to bankruptcy review.On September 7, 2018, the Court made (2018) Lu 1326 Paoshen No. 4 civil ruling to accept the bankruptcy liquidation application of Baoyuan Group filed by Pingyi Zhongcheng Concrete Slurry Co., LTD., and made (2018) Lu 1326 Paoshen No. 4 decision on the same day, appointing Shandong Zhengzhiyuan Law Firm as the bankruptcy administrator of Baoyuan Group.