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*ST Western Travel announced that the company signed the “Supplementary Agreement to the Reorganization Investment Agreement” with the pre-restructuring investor Xi'an Sanyuanjiuhe Enterprise Management Partnership and the Interim Manager of the pre-restructuring to amend the original agreement: adjust the underlying share sales restrictions and pledge terms, add a promise that the investors' own capital accounts for more than 50%, and delete the agreement that the consortium leaders bear joint and several responsibility for the investment obligations of other members. Currently, the company is in the pre-restructuring stage, and there is still uncertainty about whether it can enter the formal restructuring process. If the restructuring fails, the company will face the risk of bankruptcy and termination of stock listing.
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*ST Western Travel announced that the company signed the “Supplementary Agreement to the Reorganization Investment Agreement” with the pre-restructuring investor Xi'an Sanyuanjiuhe Enterprise Management Partnership and the Interim Manager of the pre-restructuring to amend the original agreement: adjust the underlying share sales restrictions and pledge terms, add a promise that the investors' own capital accounts for more than 50%, and delete the agreement that the consortium leaders bear joint and several responsibility for the investment obligations of other members. Currently, the company is in the pre-restructuring stage, and there is still uncertainty about whether it can enter the formal restructuring process. If the restructuring fails, the company will face the risk of bankruptcy and termination of stock listing.
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