News summary
*ST Aonong is facing bankruptcy reorganization. Zhangzhou Intermediate People's Court accepted the application of creditor Dazhou Group on May 17, 2024 to review the value and possibility of its reorganization.
Newsletter text
[*ST Aonong faces bankruptcy reorganization application]
On May 17, *ST Aonong received a "Notice" from the Intermediate Court of Zhangzhou City, stating that Dazhou Group filed a bankruptcy reorganization application with the court on the grounds that the company was unable to repay due debts, insufficient assets but the value and possibility of reorganization existed, and Zhangzhou Intermediate People's Court has filed a case for review of the application.
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