RIFA PM(SZ:002520) Shang Hai Zheng Quan Bao·2025-10-29 22:28Core Viewpoint - Zhejiang Rifa Precision Machinery Co., Ltd. has announced the bankruptcy application of its wholly-owned subsidiary, Machining Centers Manufacturing S.p.A (MCM), due to liquidity issues, which has triggered bankruptcy conditions under Italian law [1][2]. Group 1: Bankruptcy Application - The company's board approved the bankruptcy application for MCM during meetings held on June 19, 2025 [1]. - The bankruptcy announcement was published on June 20, 2025, and a progress update was released on September 25, 2025 [1]. Group 2: Court Approval - MCM has received notification from the local court in Italy, which has approved a four-month continuation of the C.N.C procedure based on an expert report and the company's current situation [2].