Taihe M-Fin (01915.HK) announced that on October 29, the Hanjiang People's Court has accepted the bankruptcy liquidation application against the controlling shareholder Baotai Group and the main shareholder Liantai Plaza. The application was filed by a creditor of Baotai Group, involving an unpaid principal amount of 11 million RMB and interest. The company is evaluating the potential impact of this application on business operation and financial condition.

The company's shares have applied for trading to resume on Friday (1st).