Did Timmy go out of business?

Closed down. According to Shenzhen media reports, 20.5587% of the shares of Shenzhen Maidi Biotechnology Co., Ltd. held by Pan Shuchang auctioned on August 2, 200212002 have all been pledged and sealed up by dozens of creditors. It seems that Pan Shuchang provided joint liability guarantee for the creditor's rights of Shandong Haoke Rubber Industry Co., Ltd. and Shandong Huanri Group Co., Ltd. which he actually controlled. Both companies were ruled bankrupt by the court and could not pay off their debts. The debts of Shandong Haoke Rubber Industry Co., Ltd. and Shandong Huanri Group Co., Ltd. are as high as one billion yuan, and the total debts of the two companies exceed three billion yuan.