振华股份参与7家公司破产重整 将有利于拓展公司业务渠道

Group 1 - The company, Zhenhua Co., has registered to participate in the bankruptcy reorganization of seven companies associated with Xinjiang Shenhong Group, initiating due diligence to determine the feasibility of an investment proposal [1][2] - Xinjiang Shenhong Group is recognized as one of the four domestic manufacturers with the capability to produce source chromium salts, which are widely acknowledged in the industry [2] - The company's involvement in this reorganization aligns with the industry's trend towards "large-scale, centralized, and cleaner" development, which is consistent with its strategic direction and overall interests [2] Group 2 - The company has submitted registration materials to the administrator and paid a registration deposit, signing a confidentiality agreement to commence due diligence on the seven companies [2] - The reorganization investment could enhance the company's business channels, increase market share, and improve the competitive landscape within the chromium salt industry [2] - The company acknowledges potential uncertainties regarding the approval of its reorganization investment proposal by the creditors' meeting and the court, as well as the overall implementation and effectiveness of the reorganization [2]