On May 30, a bankruptcy announcement announced the end of Jiangsu Yugezi Furniture Co., Ltd.'s 17-year business process.
Announcements are as follows:
Because the administrator has liquidated Jiangsu Yugezi Furniture Co., Ltd. based on the ascertained assets and liabilities, and the administrator has completed the implementation of the bankruptcy property distribution plan, this case has met the statutory conditions for ending the bankruptcy procedure. Based on this, in accordance with Article 120 of the Enterprise Bankruptcy Law of the People's Republic of China, this court ruled on May 30, 2025 to end the bankruptcy procedure of Jiangsu Yugezi Furniture Co., Ltd.
In today's economic pressure, enterprises cannot rely solely on past experience, but should maintain an innovative consciousness and constantly seek breakthroughs. -->
