红棉股份：公司破产企业财产处置专用账户用于清偿普通债权

Core Viewpoint - Hongmian Co., Ltd. has announced its bankruptcy restructuring plan, which involves the use of a dedicated account for the disposal of the bankrupt company's assets to settle confirmed ordinary debts as per the ruling of the Guangzhou Intermediate People's Court [1] Group 1 - The company will convert confirmed debts into corresponding shares for settlement [1] - The management will apply for judicial assistance from the Guangzhou Intermediate People's Court to transfer the shares to the creditors' designated securities accounts [1]