ST Lunda: The restructuring plan's proposal for adjustments to the interests of investors has been approved by the court's ruling.
ST Lunda announcement: the adjustment plan of the equity rights of the contributors to the company's restructuring plan has been approved by the court. According to the restructuring plan, every 10 shares will be increased by 15 shares through capital reserve, totaling 398 million shares that can be increased. The contributors to the restructuring plan will pay a total consideration of 1.059 billion yuan for the additional shares. The consideration paid by the contributors will be used to repay debts, pay bankruptcy costs, and supplement the company's working capital according to the restructuring plan. The contributors to the restructuring plan promise to comply with the relevant regulations. Strategic investors shall not transfer or entrust others to manage the shares of the listed company they directly or indirectly hold for 36 months from the date of obtaining the additional shares. Financial investors shall not transfer or entrust others to manage the shares of the listed company they directly or indirectly hold for 12 months from the date of obtaining the additional shares.
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