China Security Co.Ltd(600654) announcement: on December 23, 2021, the company received the notice of reorganization application from the creditor Shenzhen Yide. Due to the company’s inability to pay off its due debts and obvious lack of solvency, it has proposed bankruptcy reorganization of the company to Wuhan intermediate people’s Court of Hubei Province. As of the disclosure date of this announcement, the company has not received the ruling of the court on the applicant’s application for company reorganization. There are still major uncertainties whether the applicant’s application is accepted by the court and whether the company enters the reorganization procedure.
(Shanghai Securities News · China Securities Network)
