According to Shandong Zhucheng Court, Shandong Sangong Rubber Co.,Ltd has applied bankruptcy on March 5.
A lawyer firm was appointed to complete the related bankruptcy affairs, and the lawyer firm asked creditors to complete application by May 3.
And the court would hold the first time creditors meeting on May 17.
Sangong Rubber mainly produced full-steel heavy-duty radial tires, full-steel mining radial tires, bias tires and so on.
The company was permanently closed in August 2017, due to China's green-environment protection policy.
The company's land and assets were put into auction in October 2018.
