By Li Panpan

(JW Insights) Oct 11 -- Shanghai Jiujing Electronic Materials was declared bankrupt on September 26 because it cannot pay off its due debts, and its assets are insufficient to pay off all debts, announced Shanghai No. 3 Intermediate People's Court on September 28.

Eastablished in June 2002, Shanghai Jiujing Electronics engage in semiconductor material production and processing, metal cutting, wholesale and retail of electronic components, mechanical parts, non-ferrous metals and building materials, showed Tianyancha, a provider of Chinese corporation data and due diligence platform.

The company invested in a subsidiary in Ya'an, southwestern China's Sichuan Province. According to information from the local government in 2017, the subsidiary is a new energy enterprise specializing in the production of photovoltaic monocrystalline silicon.