Is Rongcheng Red Star Macalline closed down?

On June 28th, 2022, 10, delayed for nine years, Macalline Real Estate, a large red star in northern Henan Province, was suddenly declared bankrupt and reorganized by the court, and a campaign manager announcement was issued.

Rongcheng generally refers to Rongcheng. Rongcheng is a county-level city under the jurisdiction of Shandong Province and is managed by Weihai City. Chinese mainland is located at the easternmost tip of Shandong Peninsula, surrounded by the sea on three sides and with a coastline of 500 kilometers, which is the closest place to South Korea.