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Did Lantie Group go bankrupt?

Not closed down.

Lanzhou Railway Group is a state-owned enterprise directly led by Gansu provincial government. As of June 8, 2022, Lanzhou Railway Design Institute Co., Ltd. had a good economic development, rapid capital flow and was in a state of continuous operation.

Lanzhou Rail Transit Co., Ltd. is a wholly state-owned enterprise, co-located with Lanzhou Rail Transit Construction Management Office, and performs management duties on behalf of the municipal government.