Guangdong ChaoHua Technology Co., Ltd. (hereinafter referred to as "the Company") received a notice on June 28, 2024, from its largest shareholder, Changzhou Henghui Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Changzhou Henghui"). The notice states that the administrator of Zhongzhi Enterprise Group Co., Ltd. (hereinafter referred to as "Zhongzhi Group") has applied to the Beijing First Intermediate People's Court (hereinafter referred to as "Beijing First Intermediate Court") for substantive consolidation bankruptcy liquidation of Zhongzhi Group and 247 other related companies, citing the high degree of correlation and legal personality confusion among these entities. The administrator argues that distinguishing the assets of these companies would incur ex
002288SZSE
Announcement on the Application for Substantive Consolidation Bankruptcy Liquidation of the Largest Shareholder
✨ AI Summary
Guangdong ChaoHua Technology Co., Ltd. received notice that its largest shareholder, Changzhou Henghui Enterprise Management Center, is facing a substantive consolidation bankruptcy liquidation application involving 248 companies. The outcome of this application remains uncertain as of the announcement date. Changzhou Henghui holds 8.65% of the company's shares, and while this situation may affect the equity structure, the company's operations remain normal.
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