How did Honghu Liu Xincai go bankrupt? Does anyone know? Tell me.

Liu Xincai has not returned to China since 2008. The reason is related to the case of "Xu Mingliang, Meng Qingyi and Liu Xincai, the dispute over the equity transfer contract of Xiaoyinhu Investment Co., Ltd. on May 21, 2010" The Japanese Intermediate People's Court issued a (2009) Civil Judgment No. 17649, ruling that Liu Xincai should pay Xu Mingliang and Meng Qingyi the equity transfer fee of RMB 41.9 million, liquidated damages of RMB 23.23353 million, and legal fees of RMB 1.4123558 within ten days. , the case acceptance fee was 376,951 yuan, and the above total was 66,545,885 yuan. None of the parties appealed. After the judgment came into effect, Liu Xincai and Xiaoyinhu Investment Co., Ltd. did not perform their payment obligations during the performance period specified in the judgment, but acted maliciously. Transfer property to avoid execution (relevant information can be found on the Internet)