Has Tianhe Rubber & Plastic Factory of Guangrao Sea Group closed down?

Tianhe Rubber & Plastic Factory of Guangrao Sea Group closed down. According to the inquiry of relevant public information, Dahai Group Company formally submitted an application report to Dongying Intermediate People's Court, pointing out that it was unable to repay its due debts and all its assets were insufficient to pay off its debts, and sought asset reorganization from the court. The total assets of Dahai Group are about 5.089 billion yuan, the total liabilities are about 5.323 billion yuan, and the asset-liability ratio is 105%. The current situation of the company is inseparable from too many external guarantees. Previously, it guaranteed loans of more than 500 million yuan for Ogori tires, Ogori wheels and Naning rubber.