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Why did Baoding Tian Xiang Guarantee Company close down?

The loan cannot be repaid on time.

Li Guang, the legal representative of Baoding Tian Xiang Investment Holding Co., Ltd., became the executor because he could not repay the loan of 7 million yuan on time. It is worth noting that Hebei Baoding Huaimao Co., Ltd., a Chinese time-honored enterprise with more than 300 years of inheritance, was also listed as the executor because of its "guarantor" status.

Baoding, known as Shanggu, Baozhou and Fu Bao in ancient times, is also called Boot City because it is like a boot. It is located in the middle of Hebei Province, at the eastern foot of Taihang Mountain. It is the central city of Beijing-Tianjin-Hebei region and a part of China (Hebei) Pilot Free Trade Zone.