On December 3, 2018, the People's Court of Xicheng District, Beijing, based on the petition filed by China Great Wall Industry Corporation, decided to accept the case of compulsory liquidation of Beijing Aerospace Great Wall Mineral Investment Co., Ltd. (“BAGWMI”). Recently, the court has made the Decision (2020) Jing 0102 CL No. 1, appointing ZhongYin Law Firm as the liquidator of BAGWMI. The team led by Director and Senior Partner Yan Penghe of ZhongYin was responsible for the case.

BAGWMI is a joint venture set up by China Great Wall Industry Corporation and Harbin Targeted Mineral Investment Co., Ltd. with a registered capital of RMB 20 million. China Great Wall Industry Corporation is a wholly-owned subsidiary of China Aerospace Science and Technology Corporation, and its actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.

Yan Penghe and his team have extensive experience in bankruptcy and liquidation cases, and have participated in or advised on many bankruptcy and liquidation cases, such as cases of bankruptcy and reorganization of 29 companies including Hongye Group, case of compulsory liquidation of Beijing Yifeng Building Co., Ltd., and case of bankruptcy and liquidation of Beijing Kailin Chengyu Technology Development Co., Ltd.

ZhongYin will continue to provide clients with efficient, high-quality and professional legal services by adhering to the service philosophy of “due diligence”.