*ST新研:法院裁定受理公司及子公司重整

Core Points - The company and its subsidiary Sichuan Xinhang Titanium have received a civil ruling from the Urumqi Intermediate People's Court, which has accepted their restructuring application [1] - The court has appointed Beijing King & Wood Mallesons and Xinjiang Jucheng Law Firm as joint administrators for the restructuring process [1] - As of the end of the audited fiscal year 2024, the company's net assets attributable to the parent company are negative, leading to a delisting risk warning from the Shenzhen Stock Exchange [1] - The company's stock will receive an additional delisting risk warning effective November 18, 2025, with the stock still trading under the name "*ST Xinyan" and the code "300159" [1] - The daily price fluctuation limit for the company's stock is set at 20% [1]