Evergrande New Energy is subject to bankruptcy review.

People’s Financial News, March 25 — According to Qichacha, Hengda New Energy Technology Group Co., Ltd. recently filed for bankruptcy review, with the applicant being Dongguan Taicheng Food Trading Co., Ltd. The case is handled by the Foshan Intermediate People’s Court in Guangdong Province. Qichacha shows that Hengda New Energy Technology Group Co., Ltd. was established in January 2019, with Li Linlin as the legal representative, and a registered capital of $1 billion. It is wholly owned by Hengda Kaihong Investment (Shenzhen) Co., Ltd. Risk information indicates that the company is associated with multiple enforcement, high consumption restrictions, and dishonesty enforcement records.

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