ST Ruimao: Promote the restructuring outside the court and start recruiting investors for reorganization.
ST Ruimao announced that the company's 2025 financial report received a disclaimer of opinion and a negative opinion audit report on internal controls. Starting from April 30, 2026, the company will be subject to delisting risk warnings and other risk warnings. As of June 23, the company and its subsidiaries have been involved in cases totaling approximately 10.79 billion yuan in the past 12 months. In order to resolve the debt crisis, the company approved a pre-implemented out-of-court restructuring proposal on June 24, but an effective agreement has not yet been reached. The company has engaged the law firm King & Wood Mallesons (Shenzhen) to assist in the work and has initiated the recruitment of reorganizing investors. Relevant information can be obtained through specified methods. If the warning situation is not resolved by the end of 2026, the company's stock may be delisted.
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