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Huifeng Bio Ag receives enforcement order

February 18, 2025 at 12:26 PM UTCBy FilingReader AI

Jiangsu Huifeng Bio Agriculture (SZSE:002496) announced it has received an execution order from the Nanjing Intermediate People's Court, related to a securities misrepresentation dispute. The court will auction the company's 89.5 million shares in Shaanxi Yangling Rural Commercial Bank to cover investor compensation as ruled by the Jiangsu High People's Court on September 29, 2024. The original case involves 224 plaintiffs. Huifeng Bio Ag stated it has fully provisioned for the expected losses from the case and does not expect any effect to normal operations or its profitability.

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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