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Reasons for the bankruptcy of Yueqing Xingle
The reason why Yueqing Xingle went bankrupt was permanently blacklisted. Xingle Group Co., Ltd. was permanently blacklisted in the bidding and procurement system of the State Grid Corporation of China due to its inability to fulfill its contractual obligations, leading to its collapse. Xingle Cable Co., Ltd. was established on May 3, 1985. Its registered address is located in Xiamen Industrial Zone, Liushi Town, Yueqing City, and its legal representative is Yu Wenpin. The business scope includes the production, processing and sales of power cables, control cables, overhead insulated cables, aluminum stranded wires, steel core aluminum stranded wires, computer cables, other wires and cables, and polymer materials (excluding hazardous chemicals). Import and export of goods, import and export of technology. Xingle Cable Co., Ltd. has invested in 2 companies and has 8 branches.
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