On September 25, 1986, the factory of appliance of Shenyang city explosion proof of suspend payment of not long ago is auctioned by whole. Shenyang city is gas supply a company to bid 200 thousand yuan, buy this to go bankrupt asset of etc of the entire factory building of the enterprise, equipment, manufactured goods.
Factory of appliance of Shenyang city explosion proof announced formally to go bankrupt on August 3, 1986, this factory is in debt in all at that time 500 thousand yuan. 200 thousand yuan when auction earning this will repay in proportion creditor.
Business failure closes down, this is in China is first time.
