No. Weifang Bincheng Investment Development Co., Ltd. was established in August 2005 with a registered capital of 3 billion yuan. It is a group company in Hanting District, Weifang City, which takes state-owned assets as the main body of operation and invests in urban and rural infrastructure construction with its own funds. By the end of 2022,165438+1October 14, the company will operate normally, without economic crisis and bankruptcy. Bankruptcy refers to a legal system in which the creditor or debtor requests the court to declare bankruptcy and repay the debt according to the bankruptcy procedure when the debtor is unable to repay the debt or insolvent.