Ge Long Hui A P P·2025-09-23 12:40Core Viewpoint - ST炼石 has received a civil ruling from the Chengdu Intermediate People's Court, accepting the company's restructuring application, which indicates significant financial distress and the initiation of a formal restructuring process [1] Group 1: Legal Proceedings - The Chengdu Intermediate People's Court has issued a civil ruling (2025川01破申19号) to accept the restructuring application of ST炼石 [1] - The court has appointed Beijing King & Wood Mallesons (Chengdu) Law Firm as the administrator for the company [1] Group 2: Stock Market Impact - Due to the court's ruling, ST炼石's stock will be subject to delisting risk warning, changing its trading name from "ST炼石" to "*ST炼石" while the stock code remains "000697" [1] - The trading limit for the company's stock will continue to be set at 5% [1] - The stock will be suspended from trading for one day starting September 24, 2025, and will resume trading on September 25, 2025 [1]