Will Xiangtou Real Estate go bankrupt?

No Hubei Xiangtou Real Estate Co., Ltd. is a wholly-owned subsidiary of Hubei State-owned Capital Investment and Operation Co., Ltd., and its parent company, Hubei State-owned Capital Investment and Operation Co., Ltd., is a wholly state-owned company approved by the Hubei Provincial People's Government. The State-owned Assets Supervision and Administration Commission of Hubei Province performed the investor's duties on behalf of the provincial government, which enabled Hubei Xiangtou Real Estate Co., Ltd. to have strong support in terms of funds and resources and not to go bankrupt.