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Nov 29, 2021 05:49 PM (GMT+8) · EqualOcean
Financial Associated Press, November 29, * ST Zhongtian announced that the applicant Liu Yan proposed bankruptcy reorganization of the company on the grounds that the company could not pay off its due debts and obviously lacked solvency, but still had reorganization value. However, there are still major uncertainties whether the application can be accepted by the court and whether the company enters the reorganization procedure. In addition, due to the dispute between Great Wall Guorui Securities Co., Ltd. and Zhongtian asset loan, 4.11% of the company's shares held by the company's shareholder Zhongtian asset will be publicly auctioned on Taobao online judicial auction platform.

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