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Sinofert to Record 168 Million Yuan Loss as Associate Enters Bankruptcy Proceedings
SINOFERT (00297.HK): The joint venture company Yangmei Pingyuan has entered the bankruptcy liquidation process.
On January 20, according to Gelonghui, SINOFERT (00297.HK) announced that the company recently received forwarded documents from its associate company, Yangmei Pingyuan Chemical Co., Ltd. ("Yangmei Pingyuan"), including the Civil Ruling of the Pingyuan County People's Court of ShanDong, the Decision of the Pingyuan County People's Court of ShanDong, and the Notification of the Pingyuan County People's Court of ShanDong. These documents ruled to accept the bankruptcy liquidation application filed by its creditor, Pingyuan County Financial Development Group Co., Ltd. against Yangmei Pingyuan, designated Shandong Deheng (Jinan) Law Firm and Shandong Jiugong Law Firm to jointly serve as the administrator of Yangmei Pingyuan and notified the time for the first creditors' meeting.
Express News | Sinofert Sees Loss of RMB168 Mln for Year
Express News | Voluntary Announcement Commencement of Bankruptcy Liquidation Proceedings of an Associate
Zhongtai: The oversupply in the Planting Industry is quite common, and the degree of prosperity depends on the recovery of demand.
Zhongtai released a Research Report stating that the prosperity of the Planting Industry in 2025 will still depend on the downstream market, especially whether terminal demand can recover under the stimulation of Low Stock Price.
Sinofert Holdings And 2 Other Dividend Stocks For Your Portfolio
Sinofert Holdings (HKG:297) Is Looking To Continue Growing Its Returns On Capital
