Zhitong Finance App News, *ST Xiangxue (300147.SZ) issued an announcement. The company (“Respondent”) recently received the Huangpu Branch of Guangzhou Rural Commercial Bank Co., Ltd. (hereinafter referred to as “Guangzhou Agricultural Commercial Bank” or “Applicant”) “Notice Concerning Intent to Apply for Bankruptcy and Reorganization” and Guangzhou High-tech Zone Financial Leasing Co., Ltd. (hereinafter referred to as “Gaoxin Leasing” or “Applicant”) from the Guangzhou Intermediate People's Court (hereinafter referred to as “Guangzhou Intermediate Court”) and “Applicant”. Guangzhou Agricultural Commercial Bank and Hi-Tech Leasing intend to apply to the Guangzhou Intermediate Court to restructure the company as creditors because the company has failed to pay off its maturing debts but has the conditions and value of restructuring.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.