*ST Huawang (603007.SH) announced that the company received an intermediary from Zhenjiang City on December 30, 2024...
Zhitong Finance App News, *ST Huawang (603007.SH) announced that on December 30, 2024, the company received the (2024) Su11 No. 1 2 “Civil Ruling” from the Zhenjiang Intermediate People's Court (“Zhenjiang Intermediate Court”), which confirmed the completion of the “Huawang Ecological Engineering Co., Ltd. Reorganization Plan” (“Reorganization Plan”) and terminated the company's restructuring process. Recently, the company received the “Huawang Ecological Engineering Co., Ltd. Bankruptcy and Reorganization Case Reorganization Plan Implementation and Supervision Report” issued by the company manager and the “Beijing Junzhi Law Firm's Legal Opinion on the Completion of the Reorganization Plan of Huawang Ecological Engineering Co., Ltd.” issued by Beijing Junzhi Law Firm. The delisting risk warning situation faced by the company due to the court ruling to accept the restructuring has been eliminated.
According to the relevant provisions of the “Shanghai Stock Exchange Stock Listing Rules” and “Self-Regulatory Guidelines for Companies Listed on the Shanghai Stock Exchange No. 13 - Bankruptcy and Reorganization, etc.”, the company applied to the Shanghai Stock Exchange on December 31, 2024 to withdraw the delisting risk warning situation brought about by the court ruling to accept the restructuring. The Shanghai Stock Exchange will decide whether to agree to the withdrawal of the company's stock delisting risk warning within 15 trading days of receiving the company's application. The final cancellation of the application is subject to the Shanghai Stock Exchange's review opinion. Since the company is still exposed to risk warnings, the company's stock will continue to be subject to other risk warnings. The company's stock abbreviation was changed to “ST King”, the stock code is still “603007,” the company's stock is still traded on the risk warning board, and the daily rise and fall limit of the stock price is still 5%.
