FilingReader Intelligence

Qingdao Zhongzi Zhongcheng faces delisting risks amid Indonesian subsidiary woes

June 17, 2025 at 05:12 PM UTCBy FilingReader AI

Qingdao Zhongzi Zhongcheng Group (SZSE:300208) is grappling with significant challenges, including potential delisting from the Shenzhen Stock Exchange and ongoing legal issues involving its Indonesian subsidiary, PT. Transon Bumindo Resources (TBR). The legal dispute centers on a lawsuit initiated by PT. Sentral Indotama Energi (SIE) over a slag treatment agreement. SIE sought bankruptcy proceedings against TBR, claiming receivables of IDR118,628,978,905.30.

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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