000658SZSE

Company's Financial Condition, etc.

ST Ocean Co., Ltd.·October 18, 2002·2 pages

✨ AI Summary

This announcement details the reasons for the termination of the company's stock listing due to three consecutive years of losses from 1999 to 2001. The company has faced severe financial deterioration and has been unable to achieve profitability in the first half of 2002. Additionally, it outlines significant debts and ongoing legal issues involving former executives. The company is currently working on transferring its shares through a securities firm.

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Full Translation

AI Translation· azure_openai

Announcement from the Board of Directors of Xiamen Ocean Industry (Group) Co., Ltd.

The company and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or significant omissions in the announcement.

According to Article 20 of the "Implementation Measures for the Suspension and Termination of Listing of Loss-Making Listed Companies (Revised)" by the China Securities Regulatory Commission, the board of directors of Xiamen Ocean Industry (Group) Co., Ltd. (hereinafter referred to as the "company") hereby announces the following:

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