Lanzhou General Machinery Manufacturing Company went bankrupt and reorganized.

In recent years, due to the heavy debt burden of Lanzhou General Machinery Manufacturing Co., Ltd., its operations have been in trouble, involved in numerous lawsuits, and faced bankruptcy. At present, Lanzhou General Machinery Manufacturing Co., Ltd. has submitted a bankruptcy and reorganization application to the Lanzhou Intermediate People's Court. The court has also ruled to accept and declare bankruptcy and reorganization. At the same time, it has designated an administrator to carry out reorganization liquidation and recruitment of reorganization investors. At present, the first creditors meeting in this case has been held, and the bankruptcy reorganization work is proceeding in an orderly manner.