Facing bankruptcy liquidation, 20% of Landun’s shares fell by the word limit, and Landun’s convertible bonds fell “fusing” twice during the day. At the end of the day, they plunged sharply, down 36%.
Blue Shield shares may be hooded by St if they are applied for bankruptcy liquidation
Landun announced on the evening of July 30 that recently, the company received the notice issued by Guangzhou intermediate people’s court《 According to the notice, the applicants Cai bin and Li Anping applied to the Guangzhou intermediate people’s court for bankruptcy liquidation of the company on the ground that the respondent Landun shares could not pay off the due debts.
Guangzhou intermediate people’s court will hold a hearing on the above matters on August 3, 2021. At present, the above application of the applicant has not been accepted. The company is actively communicating with relevant creditors and the court, will reach a settlement with creditors as soon as possible to withdraw the above application, and will submit the objection and relevant materials to the court at the hearing site.
Whether the applicant’s application can be accepted by the court, and whether the company can enter the bankruptcy liquidation proceedings and time by the court are still uncertain. If the company’s bankruptcy liquidation application is accepted by the court, the company will enter the bankruptcy liquidation procedure. According to the provisions, “the court accepts the company’s reorganization, reconciliation and bankruptcy liquidation application according to law”, the company’s stock trading will be subject to delisting risk warning.
Stocks fell by 20% and convertible bonds plunged by 36% (subhead)
After being applied for bankruptcy liquidation, the share price of Blue Shield shares fell by 20% to close at 376 yuan, with a market value of 4.7 billion yuan.