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Reasons for the bankruptcy of Chongqing Iron and Steel Co., Ltd.

Unable to repay debts. According to official website of Chongqing Iron and Steel, on July 4th, 2007, Chongqing Iron and Steel was sentenced to bankruptcy and reorganization by Chongqing No.1 Intermediate People's Court because it was unable to repay its debts and was insolvent. Chongqing Iron and Steel Co., Ltd. was established in 1997. Is an H-share and A-share listed company. In 2007, he moved to Changshou District of Chongqing for environmental protection. At the end of 20 17, the judicial reorganization was completed and it became a mixed-ownership enterprise.