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crapsnearme| *ST Xifa: The company's pre-reorganization matters will be postponed for one month

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News summary

[ST Xifacrapsnearme: Company's pre-reorganization matters are postponed for one month] Securities Times e Company Newscrapsnearme, *ST Xifa (000752) announced on the evening of May 22. On May 22, the company received the Decision (2023) Zang 01 Poshen No. 4 from the Intermediate People's Court of Lhasa City, Tibet Autonomous Region. The main contents are as follows: "This court believes thatcrapsnearme.crapsnearme..

crapsnearme| *ST Xifa: The company's pre-reorganization matters will be postponed for one month

Newsletter text

[ST Xifa: The company's pre-reorganization matters will be postponed for one month] Securities Times e Company News, *ST Xifa (000752) announced on the evening of May 22. On May 22, the company received Decision (2023) Zang 01 Poshen No. 4 from the Intermediate People's Court of Lhasa City of the Tibet Autonomous Region. The main contents are as follows: "The court believes that the temporary manager's proposal to extend the development of Tibet due to complex historical issues and some debts involve historical issues is legitimate. In order to effectively safeguard the operating value of the company, safeguard the legitimate rights and interests of creditors, and improve the efficiency and effectiveness of reorganization, it was decided to extend the pre-reorganization of the development of Xizang by one month, that is, from May 26, 2024 to June 25, 2024." As of now, the company is still continuing to cooperate with the Lhasa Intermediate People's Court and the temporary manager to carry out pre-reorganization related work in accordance with the law.

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