Why did Tianjin Baicheng valve stop production?

Tianjin Baicheng Valve stopped production due to planning a major asset restructuring. Tianjin Baicheng Valve Company announced that the company plans to plan a major asset restructuring. During the suspension of production, the company will not carry out production and sales business, but will continue to fulfill the contract and service commitments to ensure the normal interests of customers and suppliers and protect the legitimate rights and interests of employees.