300178SZSE

Announcement on the Rejection of the Company's Restructuring Application by the Guangdong High Court

Tengbang Holdings··5 pages

✨ AI Summary

The announcement informs that the Guangdong High Court has rejected the appeal regarding the company's restructuring application. The initial ruling by the Shenzhen Intermediate People's Court was upheld, denying the company's request for bankruptcy restructuring. As a result, the company faces potential delisting due to negative net assets and an inability to meet financial reporting standards.

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Full Translation

AI Translation· azure_openai

Announcement on the Rejection of the Company's Restructuring Application by the Guangdong High Court

Securities Code: 300178
Securities Abbreviation: *ST Tengbang
Announcement No.: 2022-099

Tengbang International Commercial Services Group Co., Ltd. (hereinafter referred to as "Tengbang International" or "the Company") announces the following regarding the rejection of its restructuring application by the Guangdong High Court.

Special Risk Warning:

  1. On December 15, 2021, Tengbang International received a ruling from the Shenzhen Intermediate People's Court (hereinafter referred to as "Shenzhen Intermediate Court") stating that the company's bankruptcy restructuring application would not be accepted. The company appealed to the Guangdong High Court on December 20, 2021. On May 19, 2022, the company received the Civil Ruling No. (2022) Yue Po Zhong 43 from the Guangdong High Court, which ruled to reject the appeal and uphold the original ruling. Investors are advised to invest rationally and be aware of risks.

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