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How many enterprises are involved in the reorganization of Tianyuan manganese industry in Ningxia
The reorganization of the company involves 22 enterprises.
Due to the high confusion of legal person qualifications of 22 enterprises such as Tianyuan Manganese Industry, the property cost of enterprises is too high, and the reorganization of these enterprises alone will seriously damage the fair repayment of creditors.
Tianyuan Manganese Industry is the largest manganese enterprise in the world and the largest private enterprise in Ningxia. Its founder Jia Tianjiang was the richest man in Ningxia on the Hurun Report. On September 22, 2023, Tianyuan Manganese filed a reorganization application with the Intermediate People's Court of zhongwei, Ningxia on the grounds that it could not pay off its due debts and obviously lacked solvency.
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