冀凯股份：股东卓众达富被裁定实质合并破产清算

Core Viewpoint - The announcement from Jikai Co., Ltd. indicates that Shenzhen Zhuozhong Dafu Investment Partnership (Limited Partnership), an affiliate of Mingtian Holdings Co., Ltd., has been ruled by the Shanghai Third Intermediate People's Court to undergo substantive consolidation bankruptcy liquidation, affecting 677 related enterprises as of December 18, 2025 [1] Group 1 - Zhuozhong Dafu holds 98.6 million shares of Jikai Co., Ltd., accounting for 29% of the company, making it the second-largest shareholder [1] - The bankruptcy liquidation of Zhuozhong Dafu will not impact the daily operations of Jikai Co., Ltd. [1] - Future disposals related to Zhuozhong Dafu may affect the equity structure of Jikai Co., Ltd., but will not lead to a change in control [1]