ST Red Sun (000525.SZ) announced that on February 18, 2022, the company disclosed a "suggestive announcement on the application for restructuring by creditors of a wholly-owned subsidiary." Maanshan Agricultural Commercial Bank cited the possibility that Anhui Guoxing biochemical Co., Ltd. (referred to as Anhui Guoxing biochemical Co., Ltd.), a wholly-owned subsidiary of the company, could not pay off its due debts and obviously lost its ability to do so. Apply to the people's Court of Dangtu County, Anhui Province (referred to as "Dangtu Court") for the restructuring of Anhui National Star. Recently, Anhui Guoxing received the Civil order (2022) Anhui 0521 Breaking Shen No. 1 served by Dangtu Court, ruling that Anhui Guoxing did not have the reason for bankruptcy reorganization and refused to accept the application for reorganization of Maanshan Agricultural Commercial Bank.
ST红太阳(000525.SZ)：法院裁定不予受理马鞍山农商行对安徽国星重整申请
ST Red Sun (000525.SZ): the court ruled that Maanshan Agricultural Commercial Bank's application for Anhui National Star restructuring would not be accepted.
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