On March 9, Glodon News reported that Tianzhong Precision Machine (300461.SZ) announced the receipt of the Civil Ruling from the Intermediate People’s Court of Shenzhen City, Guangdong Province. The main content of the Civil Ruling is as follows: “This court believes that Youfu Company is unable to repay its due debts, its assets are insufficient to settle all debts, and no one has applied for its reorganization or settlement. Therefore, it should be declared bankrupt according to law. The administrator’s application complies with legal provisions. In accordance with Article 2, Paragraph 1, and Article 107 of the Enterprise Bankruptcy Law of the People’s Republic of China, it is hereby ruled as follows: Declare Shenzhen Youfu…
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