Did Huaxia Happiness declare bankruptcy?

According to three financial inquiries, Huaxia Happiness Group issued an announcement on August 3, 20231,announcing that the company had applied to the Intermediate People's Court of Baoding City, Hebei Province for bankruptcy and reorganization. Huaxia Happiness went bankrupt because the company started a serious capital chain crisis as early as 20 18, and it was not effectively solved afterwards, resulting in the company's debts gradually increasing.

In addition, the impact of the epidemic has also had a great impact on the company's performance. As a leading enterprise in the domestic real estate industry, the bankruptcy of Huaxia Happiness will have a great impact on the whole industry.