LAT(SZ:000697) Shang Hai Zheng Quan Bao·2025-09-23 17:53Core Viewpoint - The company, Lian Stone Aviation Technology Co., Ltd., has received a court ruling to accept its restructuring application, which will lead to a risk warning for its stock trading due to potential delisting [2][5][18]. Group 1: Event Overview - On January 3 and January 21, 2025, the company held board meetings to approve the application for restructuring [3]. - The company submitted its restructuring application to the Chengdu Intermediate People's Court on May 9, 2025, with the case number (2025) Chuan 01 Po Shen 19 [4]. - The court decided to initiate the pre-restructuring process on June 6, 2025, and appointed Beijing King & Wood Mallesons (Chengdu) Law Firm as the temporary administrator [4][5]. Group 2: Court Ruling Details - On September 23, 2025, the Chengdu Intermediate People's Court ruled to accept the company's restructuring application and appointed a management team [5][9]. - The court found that the company had significant overdue debts, including 77 million yuan and 948 million yuan due on January 2 and April 22, 2025, respectively, indicating an inability to repay debts [6]. Group 3: Restructuring Value and Feasibility - Lian Stone Aviation is recognized as a notable company in the Sichuan aviation precision parts manufacturing industry, with strong technological attributes and significant industry value [7]. - The temporary administrator has developed preliminary plans for adjusting equity, classifying debts, and introducing restructuring investors, indicating the feasibility of the restructuring [7]. Group 4: Impact on Stock Trading - The company's stock will be subject to a delisting risk warning, changing its trading name from "ST Lian Stone" to "*ST Lian Stone," while the stock code remains "000697" [2][18]. - The stock trading will be suspended for one day on September 24, 2025, and will resume on September 25, 2025 [20]. Group 5: Debt Claim and Creditors' Meeting - Creditors are required to submit their claims by October 24, 2025, and the first creditors' meeting is scheduled for October 27, 2025 [28][32]. - Claims submitted during the pre-restructuring phase will remain valid and do not require re-submission during the restructuring phase [31].