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Is Zhengzhou South China City bankrupt?

Not bankrupt.

202 1 65438+2 3 1, South China City Holdings Co., Ltd. announced the introduction of state-owned shareholders, and Shenzhen Special Zone Construction and Development Group Co., Ltd. plans to exchange about19.09 million Hong Kong dollars for the status of the largest shareholder in South China City.

On July 15, 2022, South China City announced that it planned to sell 50% equity of its indirect wholly-owned subsidiary, First Asia Pacific Property, to the SAR Jianfa. The selling cost is 65.438+25.7 million yuan. Now some changes are taking place in South China City, and it has not reached the point of bankruptcy.