Is Cosmic Hi-Tech bankrupt?

Yuzhou Hi-Tech is located in the east of Yaocheng Road, Yingchuan Office, Yuzhou City. Yuzhou Hi-Tech did not go bankrupt, because Yuzhou Group announced that it intends to transfer all the issued share capital of Yuzhou Property Services under the company, and the transfer price is not higher than 65.438+0.06 billion yuan. On the same day, China Resources Vientiane Life Insurance also announced that Runying Property Technology Service Co., Ltd., a wholly-owned subsidiary, has entered into relevant framework agreements with Universe, so it will not go bankrupt. Bankruptcy refers to a judicial procedure to fairly clear up the creditor's rights and debts of enterprises, protect the legitimate rights and interests of creditors and debtors, and regulate the withdrawal of enterprises from the market when they are insolvent.