Core Viewpoint - Chongqing Sansheng Industrial Co., Ltd. has received a court ruling accepting its restructuring application, which may impact its financial stability and stock trading status [2][9]. Group 1: Restructuring Process - The Chongqing Fifth Intermediate People's Court has accepted the company's restructuring application and appointed management from King & Wood Mallesons and Xinyong Zhonghe Accounting Firm [2]. - Creditors must declare their claims by September 10, 2025, and provide necessary evidence [3][4]. - Creditors who have already declared claims during the pre-restructuring period do not need to re-declare their claims [3][7]. Group 2: Creditor Meeting - The first creditors' meeting for the restructuring case will be held on September 25, 2025, at 9:30 AM in the Chongqing Bankruptcy Court, with an online option available [8]. Group 3: Financial Implications - The company's net assets were negative as of the 2024 audit, leading to a risk warning for its stock trading [9]. - If the restructuring is successful, it may improve the company's financial structure and operational status, while failure could lead to bankruptcy and delisting [9].
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