The decline of kelihua company kelihua

From 65438 to 0999, Kelihua injected cash and major assets into Acheng Iron and Steel, a listed company, and became the controlling shareholder of Acheng Iron and Steel and changed its name to realize backdoor listing. Subsequently, Kelihua invested in Internet business at a high level, while its main business declined rapidly. In 200 1 year, the income of main business decreased, and it lost money in 2002. Basically closed down in 2004. On the other hand, the poor design of the backdoor scheme made Kelihua bear a heavy debt burden and could not turn over after the failure of its main business. In 2005, Kelihua terminated its listing. By the end of 20 10, the company has not been bankrupt or cancelled, but it has not been operating for seven consecutive years.