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The son of Li Shufu's ST Chengxing is welcoming a "new life": removal of the hat is imminent and the Jiangyin factory has resumed production.
ST Chengxing announced today that it will lift other risk warnings on June 24th, after more than three years of 'wearing hats'. The company stated that it has comprehensively reviewed internal control issues and deficiencies. In addition, during the 'hat-wearing' period, the company underwent a change of ownership, and the actual controller and chairman are Li Xingxing, the son of Li Shufu. The company also announced that the phosphoric acid production line of its Jiangyin factory has resumed production today. The Jiangyin factory has a phosphoric acid production capacity of 300,000 tons per year.
Jiangsu Chengxing Phosph-Chemical (600078.SH): Cancellation of other risk warnings and suspension
On June 20, Gelunhui reported that according to the relevant regulations of the "Stock Listing Rules", ST Chengxing (600078.SH) shares will be suspended for one day on June 21, 2024, and will resume trading on June 24, 2024 and be removed from other risk warning board. After the removal of other risk warnings, the company's stocks will be transferred to the trading board and the company's stock abbreviation will be changed from "ST Chengxing" to "Chengxing Stock"; the daily limit for price increase and decrease will be changed from 5% to 10%, and the stock code "600078" will remain unchanged.
Express News | Jiangsu Chengxing Phosph-chemical: The phosphoric acid production line of Jiangyin factory has resumed production.
Express News | Jiangsu Chengxing Phosph-Chemical: Jiangyin factory obtained a safety production license.
Express News | ST Chengxing: The shutdown and maintenance of the Jiangyin factory is a short period of time, and the impact on the company's production and revenue is small in terms of the whole year
Chengxing Phosphorus Chemicals Suspends Factory Operations Amid License Renewal; Shares Down 5%
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