Lian Shi Aviation (000697.SZ) announced that the company's Board of Directors and Supervisory Board have reviewed and approved the "Application to the Court..."
According to the Zhichun Finance APP, Lianstone Aviation (000697.SZ) announced that the company's Board of Directors and Supervisory Board have reviewed and approved the proposal to apply to the court for reorganization and pre-reorganization, on the grounds that the company cannot pay its due debts and is obviously lacking in repayment ability, but has reorganization value, to apply to a competent People's Court for reorganization and pre-reorganization. This matter still needs to be reviewed and approved by the Shareholders' Meeting.
