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*ST东园:公司被债权人申请重整及预重整

*ST Dongyuan: The company was applied for restructuring and pre-restructuring by creditors

Breakings ·  May 7 19:19
*ST Dongyuan (002310) announced on the evening of May 7 that it received the “Notice on Applying to the Court for the Reorganization and Pre-Reorganization of Oriental Gardens” from the creditor, Beijing Chaoyang State-owned Capital Operation and Management Co., Ltd. (“Chaoyang State-owned Company”). Chaoyang State-owned Company has submitted an application for restructuring and pre-restructuring the company to the Beijing No. 1 Intermediate People's Court because the company is unable to pay off its maturing debts and clearly lacks solvency, but it has restructuring value. On the same day, the company received a notice from the Beijing First Intermediate Court, informing the company that Chaoyang State-owned Company applied to the court for reorganization and pre-restructuring in the name of its creditors. Chaoyang State-owned Company is the company's indirect controlling shareholder and the company's largest creditor. As of the date of disclosure of the announcement, the company has not received documents from the court to initiate pre-restructuring or accept the application for restructuring. There is uncertainty about whether the applicant's application will be accepted by the court and whether the company will enter into pre-restructuring or restructuring procedures in the future.

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