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Jingchu News (Hubei Daily) (specialist Fu Zhengqian and reporter Yang Weiming) learned from the Provincial State-owned Assets Supervision and Administration Commission yesterday that seven enterprises in our province have been listed in the four-year plan for bankruptcy closure of the state policy and have now passed the relevant state departments. The review was approved to implement the policy of shutting down bankruptcy.
The seven companies are Dongfeng Tire Group Co., Ltd., Dongfeng (Shiyan) Tire Co., Ltd., Hubei Pufang Sanlu Industry Co., Ltd., Hubei Pufang Sanyuan Printing and Dyeing Co., Ltd., Wuhan No.1 Knitting Factory, and Wuhan No. 1 Bicycle Factory. Wuhan Metal Rolling Plant involved a total of 23,260 employees.
According to reports, the implementation of policy bankruptcy, can be written off the state commercial banks, financial asset management companies bad debts and bad debts 1.894 billion yuan. The write-off amount accounts for 7.2% of the nation’s total planned amount of 26.21 billion yuan.
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7 companies approved to implement policy closures and bankruptcy involving more than 20,000 employees