Southernpec Group filed for bankruptcy reorganization!

recently, southernpec group co., ltd. applied for bankruptcy and reorganization due to non-performance of 4.569 billion yuan. the case was handled by the intermediate people’s court of guangzhou city, guangdong province. according to the court ruling, as of the audit base date of november 30, 2022, southernpec’s assets totaled 1.835 billion yuan and its liabilities…