1 and 200 1, the former Guinan Ranch was declared bankrupt by the Higher People's Court of Qinghai Province due to insolvency.
2. Guinan Ranch is a relatively large state-owned agricultural reclamation enterprise in our province. In the process of speeding up the transformation of enterprise management mechanism, the farm raised funds from the employees of the enterprise without the approval of the authorized department of the State Council (People's Bank of China), and the amount of funds raised reached more than 4.46 million yuan.