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Why did Panyu Chuangxin Shoes Factory close down?

Panyu Chuangxin Shoes Factory has not closed down.

Guangzhou Panyu Chuangxin Footwear Co., Ltd. was established on May 2009 1993, with its registered place at No.21He Lan Avenue, He Lan Town, Nansha District, Guangzhou, and its legal representative is Wu Zhenchang. At present, its business license is being processed and has not been closed.

The business scope includes manufacturing textile fabrics and shoes; Rubber overshoes manufacturing; Plastic shoe manufacturing; Leather shoes manufacturing; Other footwear industry; Luggage (bag) manufacturing; Mold manufacturing; Import and export of goods (except those involving special provisions on foreign investment access and license approval); Wholesale trade of commodities (except those involving special provisions on foreign investment access and licensing examination and approval); Housing lease; Guangzhou Panyu Chuangxin Shoes Co., Ltd. invested in two foreign companies.