Is Yangfei Group going bankrupt?

Yangfei Group is going bankrupt. The Yangfei Huafu Project is located atNo. 1 1 in the middle of Qishan Avenue, Duyun Economic Development Zone, Qiannan Prefecture, Guizhou Province. 20 19 opened in September, with three phases planned. The first phase has been completed in half, and now it is suspended. In recent years, its performance has deteriorated repeatedly, which has adversely affected the financial performance of Xinfei Company. The board of directors of Hong Leong Asia believes that if the proposed equity transfer is successful, it will reduce the losses of Hong Leong Asia in China's highly competitive consumer goods market and divest bad and unprofitable assets.