Why did Yangzhou Yaxing close down?

The bankruptcy of Yangzhou Yaxing is that the asset-liability ratio of Yaxing Bus is as high as 99.95%. Already on the verge of insolvency, in order to solve the company's liquidity crisis, Yangzhou Wei Chai, the controlling shareholder, also continuously transfused blood for it. Yangzhou Yaxing Bus Co., Ltd. is located in the scenic ancient city of Yangzhou. It is a key high-tech enterprise in the national torch plan that stands out from the fierce competition in the market economy.