Sinomach Precision Industry Group (002046.SZ) announced that the People’s Court of Longyou County, Zhejiang Province (hereinafter referred to as "Longyou Court") has ruled to approve...
According to Smart Finance APP, Sinomach Precision Industry Group (002046.SZ) announced that the People’s Court of Longyou County, Zhejiang Province (hereinafter referred to as "Longyou Court") has ruled to approve the restructuring plan of Zhejiang Zhongzhou High-Speed Rail Bearing Co., Ltd. (hereinafter referred to as "Zhongzhou High-Speed Rail") and terminate the restructuring procedure for Zhongzhou High-Speed Rail. After the implementation of the restructuring plan, the company will no longer be a shareholder of Zhongzhou High-Speed Rail. Since the book value of the equity held in Zhongzhou High-Speed Rail was zero at the end of 2023, this adjustment of rights in Zhongzhou High-Speed Rail will not affect the company's current operating performance.
