ST Shuguang to remove risk warning, resume trading
Liaoning SG Automotive Group (SSE:600303) announced that it will remove its other risk warning status, effective April 21, 2025. Trading of the company's A-shares (ST Shuguang) will be suspended on April 18, 2025, for one day before resuming on April 21, 2025, under the new name "Shuguang Co., Ltd." The company's shares will then be transferred out of the risk warning trading board, with the daily price fluctuation limit changing from 5% to 10%. The decision comes after the company addressed the internal control deficiencies identified in the 2023 audit report and demonstrated improved operational performance and a reduced risk of ongoing business uncertainty. Investors are advised to note the company's FY2024 net loss of CNY -341 million and the risks involved given the intense competition in the automotive market.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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