Sep 22, 2021 03:41 PM (GMT+8) · EqualOcean
Financial Associated Press, September 22, Atlantic announced that the shareholders' meeting of Sichuan Atlantic Derun nonferrous Welding Materials Technology Co., Ltd. ("Atlantic Derun"), the company's holding subsidiary, made a resolution on September 22, 2021: it agreed that Atlantic Derun would stop production and operation before September 30, 2021, and carry out preliminary work such as personnel resettlement, asset disposal, creditor's rights and debts disposal. After the above conditions are met, a liquidation group shall be established to formulate a liquidation plan and carry out liquidation in accordance with laws and regulations.