baccarat200ml| *ST Xifa: The pre-reorganization is postponed until June 25, 2024 to safeguard the rights and interests of creditors

News summary

*ST Xifa was approved by the court to extend its pre-reorganization period for one month to June 25, 2024 due to debt problemsbaccarat200ml, demonstrating the protection of the value of corporate operations by courts and creditors.

Newsletter text

[*ST Xidai pre-reorganization is postponedbaccarat200ml, Maintain the operating value of the enterprise]*ST Xifa revealed that it received a ruling from the Intermediate People's Court of Lhasa City and expressed support for the company's temporary manager's application for extension of pre-reorganization due to historical issues. The court stated that considering that some of the company's debts involved historical issues, it agreed to extend the company's pre-reorganization period to June 25, 2024 to protect the company's operating value and safeguard the rights and interests of creditors, while improving the efficiency and results of the reorganization. [*ST Xifa is fully cooperating with the court and administrator to promote the pre-reorganization work] The announcement further pointed out that *ST Xifa is currently cooperating closely with the Lhasa City Intermediate Court and its designated temporary administrator in accordance with the law to actively promote the pre-reorganization process. The company said in the announcement that it will continue to abide by legal requirements and strive to complete the required pre-reorganization work.