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Kangmei Pharmaceutical (stock code: 600518.SH) has revoked other risk warnings on its stocks.
According to the regulations of the Shanghai Stock Exchange listing rules, Kangmei Pharmaceutical (stock code: 600518.SH), the ST listed company, will be suspended for one day on July 3, 2024, and will resume trading on July 4, 2024 with the cancellation of other risk warnings. After the cancellation of other risk warnings, the company's stock will be traded on the exchange rather than on the risk warning board, and the daily limit of stock price fluctuations will be changed from 5% to 10%. The company's stock abbreviation will be changed from "ST Kangmei" to "Kangmei Pharmaceutical", and the stock code will remain as "600518".
Kangmei Pharmaceutical (600518.SH): The company's stocks apply for the revocation of other risk warnings.
Kangmei Pharmaceutical (600518.SH) announced on June 26 that as of the disclosure date of the announcement, the corresponding situation of the "other risk warnings" triggered by the audit report with a negative opinion on its internal controls in 2020 has been eliminated. The Bohai International Trust Co., Ltd. and Kangmei (Bozhou) Huatuo International Chinese Medicine City Co., Ltd., Bozhou Xincheng World Trading Co., Ltd. and other financial loan contract disputes (referred to as the "Bohai Trust Case") have been adjudicated and entered the implementation process. The company has taken measures to protect its legitimate rights and interests in accordance with the law, and the company's profitability continues to improve.
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