Due to bankruptcy, a pharmaceutical company's "Drug Production License" was cancelled.

The announcement said that the company was written off by the Jiange County Market Supervision Authority on August 10, 2020, because Sichuan Chunyu Pharmaceutical Co., Ltd. has been written off, has not been equipped with the corresponding conditions for drug production.
organs to cancel the Sichuan Chunyu Pharmaceutical Co., Ltd. "drug production license", in accordance with the procedures for publicity, did not receive objections.
In accordance with the provisions of Article 70 (3) of the Administrative Licensing Law of the People's Republic of China and Article 20 (3) of the Measures for the Supervision and Administration of Drug Production, this organ has decided to cancel the Drug Production License (No. 20160034) held by Chunyu Pharmaceutical Co., Ltd. of Sichuan Province.
investigation, Sichuan Chunyu Pharmaceutical Co., Ltd. was established on August 19, 2011, holding the "Drug Production License" issued by this agency (No. 20160034) production address is Guangyuan City, Sichuan Province, Jiange County Lower Temple Town (Jianmen Industrial Park), the scope of production is medium Pharmaceutical tablets (net, cut, steamed, cooked, fried, calcined, hot, charcoal, stewed, -made, vinegar, salted, wine-based, ginger-hot, honey-hot, steamed) are valid until 31 December 2020.
Poor management, eventual bankruptcy It is understood that Sichuan Chunyu Pharmaceutical Co., Ltd. is a Chinese medicine processing and sales of key enterprises in Jiange County, the main business has Chinese medicine tablets production, sales and Chinese medicine raw materials cultivation, acquisition, sales.
the reason why the sale certificate de-market this step, and its capital chain broken, poor management, and ultimately bankruptcy related.
According to the ruling issued by the Sichuan Jiange Hanging People's Court, on October 18, 2019, the manager of Chunyu Pharmaceutical Co., Ltd. of Sichuan Province filed an application with the court, simply ruled that Chunyu Pharmaceutical Co., Ltd. of Sichuan Province, after ruling to terminate the restructuring process and declare bankruptcy, verified that the company's assets had all been guaranteed to creditors, the bankruptcy property was zero, and could not afford to pay bankruptcy costs, and asked the court to end the bankruptcy liquidation proceedings of Chunyu Pharmaceutical Co., Ltd. of Sichuan Province.
court held that when the manager took full control of the company's property, the company ceased to operate, with no liquidity and no income.
through verification in bankruptcy proceedings, 50 claims were declared, the total amount of debt was confirmed at 23252221.49 yuan, and 7 claims receivable were shown, of which 4 amounts of 958160.00 yuan were determined to offset claims, and 2 claims could not be recovered amounting to 19.1 million yuan (2.1 million yuan in gao Xuefeng criminal case) The mother-child Lun contributed 17 million yuan), could not confirm the amount of 1 claim of 240,000 yuan, the existing property is pharmaceutical special equipment and office supplies, according to Sichuan Integrity Asset Assessment Co., Ltd. issued an asset assessment report value of 1.42 million, has set a guarantee amount of 3892406 yuan all mortgaged to Jiange County Jianzhou SME Financing Guarantee Co., Ltd., bankruptcy property is zero.
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