Zhongli Group nears end of delisting risk
Jiangsu Zhongli Group (SZSE:002309) announced progress on its efforts to eliminate its delisting risk. The company's shares were flagged for potential delisting after its 2023 year-end financial results showed negative net assets. However, following the completion of a restructuring plan at the end of 2024, the company anticipates that its year-end net assets for 2024 will be positive. If the audited 2024 annual report confirms this, Zhongli Group will promptly apply to the Shenzhen Stock Exchange to remove the delisting risk warning. The 2024 audit is underway and the company has yet to discover factors that would cause negative net assets. Trading of the company's shares was flagged for potential delisting beginning April 25, 2024.
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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