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*ST Huaying was ruled for reorganization, stock delisting risk warning...

 Last Update: 2021-12-04
 Source: Internet
 Author: User

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On November 22, Huaying Agriculture issued an announcement stating that the court had ruled to accept creditor Huangchuan Ruihua Supply Chain Management Co.

In May 2021, Huangchuan Ruihua applied to the Intermediate People's Court of Xinyang City, Henan Province for the reorganization of Huaying Agriculture on the grounds that Huaying Agriculture was unable to pay off its due debts and was obviously unable to pay

It is worth noting that on April 30 this year, due to the 2020 financial report and internal control audit report being issued by an accounting firm that cannot express an opinion, Huaying Agricultural shares have been subject to delisting risk warnings and other risk warnings

Huaying Agriculture stated that the court has ruled that the company has entered the reorganization process, but there is still a risk of being declared bankrupt due to the failure of the reorganization

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